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Question DetailsAsked on 11/5/2017

Is a legitimate loan company?

I have been searching for a startup loan to get a new business up and credit is stretched a little so I searched for bad credit loans. was one of the results that popped up. I received a call from this company on my cell but missed it resulting in a voicemail being left. I called back maybe 4 hours later and the very same person that left the message answered. Middle eastern accent I believe. Just seemed odd that the same person answered when my store that I work at with only 4 employees never have the same person answer. Any help or info would be great.

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2 Answers


Could not find ANYTHING in reviews or complaints or scam alerts or anything like that about htis company - so must be pretty new in business (or one of those companies which changes its name monthly to stay ahead of the feds).
You could try doing a Dun and Bradstreet rating check on them - some banks will run them for regular customers, otherwise you have to set up an account and apy for it. Same person answering - if they have a block of numbers for the call center, maybe he gave his direct number - likely if they use a "case manager" setup like most companies like this would normally do. So that might not be a red flag - or could be Ishmael in Pakistan running a one-man scam - you don't know. Two thoughts I do have - could not get their website to open for me - my antivirus program flagged it as a questionable site - probably not a great recommendation because that is only about the third time that has happened to me. But some description on the google listing indicates they are a distressed lender of personal loand and auto loans - so not only will your interest rates be VERY high but they may not do business loans at all. Other thought - if you have to pay distressed lender rates (probably 15-20% or higher) it is a pretty rare business which can make money paying that sort of rate on their capital. Remember, business loans taken in your name (as opposed to company name) also become personal debts YOU have to pay off if the company cannnot (hence LLC's and Corpiorations and such) - do personal loans to support the company and if the company fails to make a go of it, not only it but your personal finances and credit history go up in flames too. - and might cause a mutual default clause on any other loans you have (student, car, mortgage, credit card, etc) causing THEM to immediately become due and payable too - can become a nighgtmare real quickly. Also, commercial banks give loans based on a good credit history for you yes, but stretched personal credit might or might not drive a regular lender away if you have a good business plan. (Though granted they will almost certainbly expect a substantial personal capital infusion from you before they lend).

Answered 2 years ago by LCD


Analysis Details:-
Although this website appears to be based in United States there are other countries involved and you should review this information carefully and decide if it is as you expect.Although being a new website, does not make it un-trustworthy, as with any new business you should be extra vigilant and do your own research before placing an order or making an investment.
This site is using an anonymous service - which prevents us from identifying the site owner. This can sometimes be just so that the owner does not receive spam, but be aware that many scam sites use this as a method to hide their identify. If this is an ecommerce site - we would suggest you confirm the business address with the website owners.

The website has been newly registered with a short life expectancy, which follows the pattern used by many fraudulent and fake selling websites. Please be vigilant and take extra care before providing any payment information.

If this information has been useful, please help to keep scamadviser a free service with a small donation


Answered 2 years ago by CDubs

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