BBB Business Review

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This business is not BBB accredited.

Prudential Lending

Phone: (877) 367-0128 Fax: (647) 222-0518 View Additional Phone Numbers 3423 W. 26th  Suite 207, Chicago, IL 60623 ! There is an alert on Prudential Lending !


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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.

Based on BBB files, this business has a BBB Rating of No Rating. The reason is as follows:

  • This business has no rating because it is out of business.


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

Customer Reviews Summary Read customer reviews

0 Customer Reviews on Prudential Lending
Customer Experience Total Customer Reviews
Positive Experience 0
Neutral Experience 0
Negative Experience 0
Total Customer Reviews 0

Additional Information

BBB file opened: June 27, 2008
Business Category

Advance Fee Loan Brokers Consumer Lending (NAICS: 522291)

Alternate Business Names
Prudential Lending Group
Products & Services

This entity operates as an advance fee lender- requesting upfront money on loans that do not actually exist.

The BBB would like to alert consumers that Prudential Lending is fraudulently charging consumers advance "insurance" payments of hundreds of dollars, and requesting that the funds be wired to a location in Canada.

Per the Federal Trade Commission and the Illinois Attorney General, it is against the law for any lender to ask consumers for advance payments on loans.

Common signs of advance fee fraud:

- lender asks for premium, insurance, or collateral payments, frequently saying that this is due to consumer having low credit score
- lender asks for the payment to be wired via Western Union or Money Gram to locations in Canada
- lender asks for additional payments, saying that loan is risky because of consumer's financial history or private borrower's request

If you have fallen victim to this entity or to another advance fee lender, please contact the IC3 -the Internet Crime Complaint Center- at www.ic3.gov, as well as Phonebusters -the Canadian Anti-Fraud Center- at www.phonebusters.com, and file complaints with these two organizations.

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.