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This Business is not BBB accredited

Dream Financial

Phone: (855) 801-6663 2550 Legion Ave., New Haven, CT 06519 http://www.dream-financial.com ! There is an alert on Dream Financial !

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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 16 factors. Get the details about the factors considered.

Factors that lowered the rating for Dream Financial include:

  • BBB concerns with the industry in which this business operates
  • Length of time business has been operating


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 Information

top
BBB file opened: June 14, 2013 Business started: 05/07/2013 Business started locally: 05/07/2013
Business Management
Mr. Stephen Vernon, Financial Director Mr. Vimson Singh, Financial Operations Manager
Contact Information
Principal: Mr. Stephen Vernon, Financial Director
Business Category

Advance Fee Brokers

Additional Information

According to information obtained by BBB from various sources, this company purportedly offers personal loans that require consumers to pay substantial up-front fees via wire transfers. Reportedly, after the consumers pay the fees the promised loans are not received.

BBB reverse-searched the company's supposed local address of 2550 Legion Avenue, New Haven, CT on www.whitepages.com and found there was no such address.  A further check with the New Haven, Connecticut Tax Assessor's office verified that 2550 Legion Avenue, New Haven is not a valid address.

According to the company's web site domain registration, Dream Financial is located at 51 Osler St., Toronto, Ontario M6P 4 Canada. Although the domain registration lists the company name as Dream Financial Inc., the Connecticut Secretary of State's office has no listing for the company.

BBB has also confirmed with the Connecticut Banking Department that Dream Financial is not licensed as a loan broker, as required by Connecticut law.

Further, BBB attempted to learn the point of origin of the firm's telephone number, (855) 801-6663, but found that the toll-free area code is not traceable to a specific locale.

If you have been a victim of this advance fee loan broker's practices, below are agencies you may contact for assistance or to file a complaint:Connecticut Department of Banking at 260 Constitution Plaza Hartford, CT 06103-1800; or by phone at 860-240-8299, and Federal Trade Commission (FTC) at www.ftc.gov, or by phone at 877-382-4357.

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Dream Financial, which advertises online with a New Haven, Connecticut address, is not located in Connecticut.

See the "Additional Information" section of this Business Review for further information about this Toronto, Canada-based loan broker.