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This Business is not BBB Accredited

Special Loans

(866) 956-1987View Additional Phone Numbers30 N Michigan Ave Ste 980, ChicagoIL 60602-3402

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BBB Accreditation

Special Loans 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 Special Loans' rating include:

  • BBB concerns with the industry in which this business operates.

The BBB would like to alert consumers that this entity is allegedly operating as an advance fee lender and is requesting advance fees for loans- an activity that is illegal as well as fraudulent in nature. This is done with the intent of stealing money from a consumer in the form of advance payments for a non-existent loan. Consumers allege that they have been asked to send upfront fees for loans to "Special Loans" / New Heritage Financial Solutions.

The BBB would like to alert consumers that 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 been victimized by this entity, please contact the IC3 -the Internet Crime Complaint Center- at http://www.ic3.gov , as well as Phonebusters -the Canadian Anti-Fraud Center- at http://www.phonebusters.com

Customer Complaints Summary

Customer Reviews Summary Read customer reviews

0 Customer Reviews Customer Reviews on Special Loans

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Total Customer Reviews 0 Customer Reviews

Additional Information

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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: 02/10/2009
Business Category

Advance Fee Loan

Alternate Business Names
Special Loans Credit Union, New Heritage Financial Solutions
Industry Tips
Advance Fee Loans

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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.