BBB Cautions Consumers Contacted by Best Rate Lending Firm/Lending Made 4 Uby Nick LaFleur on Oct. 06, 2011, under alert, Life, scam, Tips
Better Business Bureau of Southern Arizona is alerting consumers Best Rate Lending Firm, also known as Lending Made 4 U, an advanced fee lender that alleges to be located in Albuquerque, NM.
BBB has received numerous calls from consumers inquiring about Best Rate Lending Firm. Consumers allege that after applying online for a personal loan on various Internet websites, they are contacted by a representative from Best Rate Lending Firm with an offer of a loan. Consumers report the company requires an up front fee for this loan. Consumers state the company has indicated various reasons for this fee, such as insurance or collateral. Consumers allege the company has instructed them to wire funds for associated fees to Kingston, Jamaica.
Best Rate Lending Firm uses the address 6565 Americas Parkway NE, Ste 200 in Albuquerque. This location is a virtual office and the actual physical location of the company is currently unknown. Further, the company is not licensed through New Mexico Financial Institutions Division as required by New Mexico regulations on loan companies. Best Rate Lending Firm uses the web addresses www.lendingmade4u.com and www.helpishere4u.net. Both websites have private registrations out of Canada.
Consumers should use caution when sending money via wire transfer for a business transaction. If you have been offered a loan by or sent money to Best Rate Lending Firm, contact BBB at (520)888-6161.