This Business is not BBB Accredited
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Atlas Financial Services, LLC 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 Atlas Financial Services, LLC's rating include:
- Advertising issue(s) found by BBB.
- Failure to respond to one complaint filed against business.
Customer Complaints Summary
|Complaint Type||Total Closed Complaints|
|Problems with Product / Service||5|
|Advertising / Sales Issues||0|
|Billing / Collection Issues||0|
|Guarantee / Warranty Issues||0|
|Total Closed Complaints||5|
Additional Complaint Information
The most recent complaints received by the BBB allege that Atlas Financial Services has stopped compensating investors that invested in trust deeds. The investments were described by the company as being "secured" with a 9.25% return. Complaints also allege difficulties in contacting the company.
In its communications to consumers, the company appears to alternate the use of two legal names, Atlas Financial Services and Atlas Financial Mortgage.
On May 28, 2013, a bankruptcy case was filed under Chapter 7 of the Federal Bankruptcy Act, case number 13-32683-bjih7
Those with monetary claims against the company are advised to obtain a Proof of Claim form by writing to Texas Northern District Court CM/ECF, 1100 Commerce St, Room 1254, Dallas, TX, 75242 for resubmission to that court.
The case number should be entered on the form.BBB file opened: 03/02/2002Business started: 01/01/1998
This company is in an industry that may require licensing, bonding or registration in order to lawfully do business. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
These agencies may include:Office of Consumer Credit Commissioner
2601 North Lamar Blvd.
Type of Entity
Limited Liability Corporation
Contact InformationPrincipal: Mr Jim Warner (Owner)Customer Contact: Mr Robert Thompson (Controller)
Consumer Finance & Loan Companies
Alternate Business NamesAtlas Quick Cash, Atlas Financial Mortgage, Inc.
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