BBB Business Review
This Business is not BBB accredited
Financial Associates Inc
Phone: (248) 357-1941 Fax: (917) 598-9868 View Additional Phone Numbers 23823 Village House Dr S, Southfield, MI 48034
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Consumers report that this firm offers loans for an advance fee. These loans are targeted towards individuals with insufficient or poor credit histories. Consumers report that the firm guarantees individuals a loan, regardless of their credit histories, for an upfront fee. Consumers are asked to send the fee, to an individual, by Western Union to various locations throughout Canada.
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 Financial Associates Inc include:
- BBB concerns with the industry in which this business operates
- BBB does not have sufficient background information on this business
Customer Complaints Summary
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Additional Complaint Information
no response to customer complaints brought to its attention by the BBB.
Customer Reviews Summary Read customer reviews
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Licensing, Bonding or Registration
This business is in an industry that may require professional licensing, bonding
or registration. BBB encourages you to check with the appropriate agency to be certain
any requirements are currently being met.
These agencies may include:
Office of Financial & Insurance Regulation
P.O. Box 30220, Lansing MI 48909-7720
Phone Number: 877-999-6442 Consumer Hotline
Fax Number: (517) 335-4978
Advance Fee Brokers Financial Services
Alternate Business NamesFinancial Associate Inc.
Prospective loan brokers should realize that successful
achievement and advancement depend on one's ability to obtain
loans for clients. Large earnings cannot be guaranteed, and
potential loan brokers should realistically evaluate their own
ability to do this type of work before making large investments
of time or money. Contact those already in this highly
competitive field to learn of their experience. Check with
local banks, savings and loan associations and other financial
institutions to determine if they will do business with a loan
broker. Check local and state requirements relating to the kind
of business to be conducted, including business regulation
departments and your state securities commission to determine if
there are any licensing requirements or restrictions. Some
states require licensing if you act as a mortgage broker or if
the loan is secured by real estate. Check with newspapers to
determine if they will accept loan broker ads.