BBB Business Review

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This business is not BBB accredited.

New Life Financial

Phone: (888) 405-4069 5910 Landerbrook Drive, Ste. 220, Cleveland, OH 44124 ! New Life Financial is Believed to Be Out of Business !


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Description

(See the Educational / General Comments portion of this report for more information about this industry.)


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 BBB has information indicating 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

Additional Complaint Information

This company first came to the attention of the Cleveland BBB in May of 2008. At that time a Florida consumer indicated they had been instructed to pay an advance fee security deposit of $3200 prior to receiving a $125,000 loan. The security deposit is allegedly refundable after a six-month holding period.

Based on information provided on their website, www.newlifef.com, the company is allegedly located at 5910 Landerbrook Drive, Suite 220 in Cleveland, Ohio. The Cleveland BBB has confirmed with United States postal authorities that the company is not located at that address. Its exact location is unknown.

Neither the Ohio Secretary of State nor the Ohio Division of Financial Institutions has any filings for this company.

This report will be updated when more information is available.

Customer Reviews Summary Read customer reviews

0 Customer Reviews on New Life Financial
Customer Experience Total Customer Reviews
Positive Experience 0
Neutral Experience 0
Negative Experience 0
Total Customer Reviews 0

Additional Information

BBB file opened: May 15, 2008
Business Management
Mr. Carmen Brooks, C.E.O. Mr. James Brunet, Vice President Mr. Barry Columb, Account Representative Mr. Mark Diller, Account Executive Mr. Paul Harper, Accounts Manager Mr. Albert Heart, Accounts Receivable Manager Mr. Bryan M. Sills, Account Executive
Contact Information
Principal: Mr. Carmen Brooks, C.E.O.
Business Category

Advance Fee Loan Brokers

Industry Tips
Advance Fee Loans
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.