Wednesday, December 19, 2012 –Milwaukee, Wis. -
The Better Business Bureau (BBB) has been receiving numerous phone calls from individuals nationwide regarding a loan company posing as an out-of-business company. Greenpoint Financial Resources is using a Canton, Ohio address to operate an illegal advanced fee loan scam. The BBB has verified this address previously belonged to Lending Hand Financial who has since gone out of business, and all mail has been returned by the post office. How the Scam Works
Consumers all across the U.S claim they have been offered loans with the stipulation of sending an advance fee of $750 in order to secure the loan. Consumers are instructed to send a copy of a voided check, two forms of photo ID along with $750 “insurance fee”. The advance fee is to be sent to Canada via a GreenDot Money Pak card.
Randall Hoth, Wisconsin BBB president/CEO states “many of the people who apply for these loans have credit issues and are unable to secure a loan through conventional methods. During these hard economic times, people are desperate. It’s unfortunate, especially this time of year; these individuals are out $750 they will never see again.”
Loan consultants associated with the company are Edward Donaldson, Sharon Tanner and Elaine Sutton. The company’s toll free phone number 800-495-6850 is located in Toronto, Ontario, Canada. Additionally, the website for the company www.greenpointfri.com is registered to an individual by the name of Vivian Moens who is also located in Toronto, Ontario, Canada. BBB Advice
Consumers should be aware it is illegal for a company to require you to send an advance fee in order to secure a loan. The BBB suggests extreme caution in giving any personal information for this type of offer. Once the funds are transferred to receive the loan, applicants report never receiving the loan.
The BBB warns that most addresses used by advance fee loan brokers are non-deliverable by the U.S. Post Office, or belong to legitimate businesses that have no knowledge of or connection with the loan brokers.
If you have wired money and been scammed, the BBB advises you to contact local law enforcement, the FTC
or 1-877-382-4357 and the Canadian Anti-Fraud Centre at 1-888-495-8501 and provide the details of your experience.
Consumers wishing to explore legitimate loan companies can contact the Better Business Bureau.