BBB Logo

Better Business Bureau ®
Start With Trust®
Chicago and Northern Illinois

BBB Business Review

Is this your Business?

This Business is not BBB Accredited

Fairway Lending Group

(866) 681-1281 ext 529View Additional Phone Numbers1699 Wall Street, Mount ProspectIL 60056-6213

BBB Business Reviews may not be reproduced for sales or promotional purposes.

BBB Accreditation

Fairway Lending Group 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 16 factors. Get the details about the factors considered.

Factors that lowered Fairway Lending Group's rating include:

  • BBB concerns with the industry in which this business operates.
  • BBB does not have sufficient information to determine how long this business has been operating.
  • BBB does not have sufficient background information on this business.

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 Complaints Summary

Customer Reviews Summary Read customer reviews

0 Customer Reviews Customer Reviews on Fairway Lending Group

Customer Experience Total Customer Reviews
Positive Experience
Neutral Experience
Negative Experience
Total Customer Reviews 0 Customer Reviews

Additional Information

top

The BBB has requested basic information from this company. The company has declined to provide this information.

Without this information, the BBB may not have current information concerning such things as the company's management or its nature of business.

BBB file opened: 01/21/2008
Business Category

Advance Fee Loan

Industry Tips
Advance Fee Loans
BBB Issues International Alert: Advance Fee Loan Scams Blanketing U.S.
BBBTips on Business Credit
BBB Warns that Advance Fee Loan Scams are Proliferating
High Cost Payday Lenders Advertise Everywhere
Schemes Against Business

As a matter of policy, BBB does not endorse any product, service or business.

BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.

X

What is a BBB Business Review?

We offer free reviews on businesses that include background, licensing, consumer experience and other information such as governmental actions that is known to BBB. These reviews are provided for businesses that are BBB accredited and also for businesses that are not BBB accredited.

X

BBB Reporting Policy

As a matter of policy, BBB does not endorse any product, service or business.

BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.