This business is not BBB accredited.

Atlantic Lending American Corp

Additional Locations

Phone: (866) 775-6874 227 W Monroe St., Chicago, IL 60606 http://www.atlanticlacorp.com View Additional Web Addresses


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BBB Accreditation

This business is not BBB accredited.

Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.

To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.


Reason for Rating

BBB rating is based on 13 factors. Get the details about the factors considered.

Factors that lowered the rating for Atlantic Lending American Corp include:

  • BBB concerns with the industry in which this business operates

Factors that raised the rating for Atlantic Lending American Corp include:

  • Length of time business has been operating
  • No complaints filed with BBB


Customer Complaints Summary

0 complaints closed with BBB in last 3 years | 0 closed in last 12 months
Complaint Type Total Closed Complaints
Advertising/Sales Issues 0
Billing/Collection Issues 0
Delivery Issues 0
Guarantee/Warranty Issues 0
Problems with Product/Service 0
Total Closed Complaints 0

Additional Complaint Information

The BBB would like to alert consumers that Atlantic Lending American Corp is an advance fee lender. Advance fee lenders are entities that fraudulently collect advance fees on loans which they do not deliver. Consumers are asked to send money upfront, allegedly for collateral, insurance, or due to bad credit, on the premise that Atlantic will subsequently wire the loan funds into the consumer's account.

As of November 30, 2007, the BBB has received 18 complaints from consumers who have paid hundreds to thousands of dollars in advance fees to Atlantic Lending American Corp and who have not received their loans nor their money back, as requested. Common signs of an advance fee loan scam include asking for advance fees on loans, requesting that the consumer wire the money to locations in Canada or to a different state- in this case New York- and subsequently asking for more money. Consumers who were victimized by this entity are encouraged to contact the Federal Trade Commission, the IC3 -Internet Crime Complaint Center- at www.ic3.gov, and Phonebusters -the Canadian Anti-Fraud Call Center-at www.phonebusters.com. Consumers are also encouraged to file police reports.

The BBB would like to advise consumers that mail which was forwarded to Atlanding Lending American Corp at 227 W Monroe has been returned by the Post Office as undeliverable.

November 13, 2007 update - The BBB would like to alert consumers that Atlantic Lending American Group starting going by a new name- Plan Group Investment, at www.plangroupinvestment.net
This is the same advance fee lender and consumers are urged to exercise caution. Plan Group Investment is currently using a Milwaukee, WI address on its website, which is identical to the Atlantic Lending American Corp website.

Customer Reviews Summary Read customer reviews

0 Customer Reviews on Atlantic Lending American Corp
Customer Experience Total Customer Reviews
Positive Experience 0
Neutral Experience 0
Negative Experience 0
Total Customer Reviews 0

Additional Information

BBB file opened: November 01, 2007
Business Category

Advance Fee Loan Brokers Consumer Lending (NAICS: 522291)

Alternate Business Names
Plan Group Investment

Additional Locations

  • THIS LOCATION IS NOT BBB ACCREDITED

    204 E Capitol Dr
    Suite 106

    Milwaukee, WI 53212

  • THIS LOCATION IS NOT BBB ACCREDITED

    227 W Monroe St.

    Chicago, IL 60606 (866) 775-6874

X

BBB Customer Review Rating plus BBB Rating Overview


BBB Customer Reviews Rating represents the customers opinions of the business. The Customer Review Rating is based on the number of positive, neutral and negative customer reviews posted that are calculated to produce a score.

Customer Review Experience Value
Positive Review 5 points per review
Neutral Review 3 points per review
Negative Review 1 point per review

BBB letter grades represent the BBB's opinion of the business. The BBB grade is based on BBB file information about the business. In some cases, a business' grade may be lowered if the BBB does not have sufficient information about the business despite BBB requests for that information from the business.
Details

BBB Letter Grade Scale

BBB Rating Value
A+ 5
A 4.66
A- 4.33
B+ 4
B 3.66
B- 3.33
C+ 3
C 2.66
C- 2.33
D+ 2
D 1.66
D- 1.33
F 1
NR -----
Star Rating scale

  Average Score
5 stars 5.00
4.5 stars 4.50-4.99
4 stars 4.00-4.49
3.5 stars 3.50-3.99
3 stars 3.00-3.49
2.5 stars 2.50-2.99
2 stars 2.00-2.49
1.5 stars 1.50-1.99
1 star 0-1.49

BBB Customer Review Rating plus BBB Rating is not a guarantee of a business' reliability or performance, and BBB recommends that consumers consider a business' BBB Rating and Customer Review Rating in addition to all other available information about the business. If the BBB Rating is NR then only Customer Reviews are used for the Star Rating.