BBB Business Review
This Business is not BBB accredited
15700 W. Ten Mile Road #209, Southfield, MI 48075
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Consumers report that this firm offers loans online for an advance fee. These loans are targeted towards individuals with insufficient or poor credit histories. Consumers are asked to send the fee, to an individual, by Western Union to various locations throughout Canada. The BBB conducted a shoppping at the firm's address, and found that the company was not located at the address of 15700 W. Ten Mile Road, Southfield, Michigan. The BBB has found that another company, Millennium Loans, LLC, previously operated at this firm. Millennium Loans, LLC Is NOT affiliated in any way with Millennium Loans. The BBB has found that this firm's website has been disabled.
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 Millennium Loans 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
Our file experience shows a pattern of complaints, alleging misrepresentation about the loan offer, and failure to provide refunds.
Customer Reviews Summary Read customer reviews
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Advance Fee Brokers
Alternate Business NamesMillenniumloans.com
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.