BBB Business Review

Text Sizesmall medium large

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 !


BBB Business Reviews may not be reproduced for sales or promotional purposes.


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 Dream Financial include:

  • BBB concerns with the industry in which this business operates

Factors that raised the rating for Dream Financial 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

Customer Reviews Summary Read customer reviews

0 Customer Reviews on Dream Financial
Customer Experience Total Customer Reviews
Positive Experience 0
Neutral Experience 0
Negative Experience 0
Total Customer Reviews 0

Additional Information

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 Loan 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.

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.