This Business is not BBB Accredited
Fairway Lending Group
(866) 681-1281 ext 529View Additional Phone Numbers1699 Wall Street, Mount Prospect, IL 60056-6213
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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
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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
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