BBB Business Review

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This business is not BBB accredited.

Fairway Lending Group

Phone: 8666811281529 View Additional Phone Numbers 1699 Wall Street, Mount Prospect, IL 60056

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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 affect the rating for Fairway Lending Group include:

  • BBB concerns with the industry in which this business operates

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 Fairway Lending Group, claiming to be located at 1699 Wall Stree in Mount Prospect, Illinois, has been identified as an advance fee lender. Advance fee lenders are entities that illegally charge upfront fees for loans, generally insisting that the fees are for insurance, collateral, or premiums. Per the Federal Trade Commission and the Illinois Attorney General, charging any advance fees for loans is against the law.

The BBB of Chicgo currently has twenty (22) complaints against Fairway Lending Group, filed as of January 23, 2008.

Consumers allege that Fairway Lending requested amounts of $900.00 and higher to be wired via Western Union or MoneyGram to locations in Canada. Upon consumers not receiving their money as promised, the entity has allegedly requested more money to be sent in advance, stating that financing could not be obtained due to consumers' bad credit. Consumers have requested the return of their money and have not received it.

The BBB wants to alert the public that this is not a legitimate entity and consumers should cease and desist any contact with Fairway Lending Group immediately. The Bureau has confirmed with the Mount Prospect Illinois Police Department that 1699 Wall Street is an office building, however there is no such entity located and/or present at this address.

Customer Reviews Summary Read customer reviews

0 Customer Reviews on Fairway Lending Group
Customer Experience Total Customer Reviews
Positive Experience 0
Neutral Experience 0
Negative Experience 0
Total Customer Reviews 0

Additional Information

BBB file opened: January 21, 2008
Business Category

Advance Fee Loan Brokers Consumer Lending (NAICS: 522291)


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.

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.