BBB Business Review

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This business is not BBB accredited.

Step One Financial Services

Phone: (888) 456-0772 Fax: (866) 645-7202 View Additional Phone Numbers 4421 Renaissance Parkway, Cleveland, OH 44128 http://steponefinancial.com ! There is an alert on Step One Financial Services !


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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 lowered the rating for Step One Financial Services include:

  • BBB concerns with the industry in which this business operates

Factors that raised the rating for Step One Financial Services include:

  • Length of time business has been operating
  • No complaints filed with BBB


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

This company first came to the attention of the Cleveland BBB in July of 2011.

At that time, consumers in Texas and Arizona reported being approached by phone from this company with offers to provide loans in exchange for an advance payment of insurance fees. The fees ranged from $750 to $1345 for loans ranging from $5,000 to $18,000.

Although the company website, www.steponefinancial.com, is registered to a Canadian address, it references an office address of 4421 Renaissance Parkway, Cleveland, Ohio, 44128.  BBB files indicate a company with the name, Step One Financial Services, Inc., had been located at that address.  However, that company was known to provide home improvement loans in the Northern Ohio area – not advance fee loans.  In addition, both local phones to that company have been disconnected and mail has been returned "Attempted - Not Known / Unable To Forward", suggesting that company may be out of business.

The Cleveland BBB has found no additional corporate registrations with the Ohio Secretary of State other than that of the suspected out of business company. In addition, the Cleveland BBB has been unable to verify any licensing with the Ohio Division of Financial Institutions for this provider of advance fee loans.

This report will be updated when more information is available.


Consumers with less than perfect credit should use the following guidelines when seeking loans:

1. Know who you are doing business with. Obtain the name of the loan representative and the name, address, and telephone number of the company.

2. Don't accept the promoter's claims of guaranteed loan services at face value.

3. Insist on being told the name of the lending institution which supposedly will fund your loan.

4. Verify with the supposed lender all oral and written representations made by the promoter regarding support from that lender.

5. Ask for names, addresses, and phone numbers of other customers of the promoter, and contact them to see if they got their loans. Consider consulting an attorney or accountant for advice.

6. Ask yourself why the promoter can obtain a loan for you from a legitimate lender when you yourself have been turned down for a loan, perhaps many times. Take care of your precious assets by exercising caution when asked to pay a loan fee in advance.

If you have been victimized in an advance fee scheme in which the U.S. Mail was used, report your experience to your local postmaster or the nearest Postal Inspector.

Customer Reviews Summary Read customer reviews

0 Customer Reviews on Step One Financial Services
Customer Experience Total Customer Reviews
Positive Experience 0
Neutral Experience 0
Negative Experience 0
Total Customer Reviews 0

Additional Information

BBB file opened: July 22, 2011
Business Category

Advance Fee Brokers

Referral Assistance

The following Government Agency(s) or Association(s) may be able to provide you additional information:

Ohio Attorney General - Main Office - Columbus State Office Tower, 30 E. Broad Street, 17th Floor, Columbus OH 43215-3428 Phone Number: 800-282-0515 http://www.ohioattorneygeneral.gov

Federal Trade Commission (FTC) / Consumer Response Center 600 Pennsylvania Avenue, NW, Washington DC 20580 Phone Number: (877) 382-4357 http://www.ftc.gov

Industry Tips
Advance Fee Loans
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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.