BBB Business Review
This Business is not BBB accredited
Phone: (317) 578-5409 135 N. Pennsylvania Street, 21st Fl, Indianapolis, IN 46204
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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 Bordon Elliot 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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Customer Reviews Summary Read customer reviews
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Advance Fee Brokers Mortgage and Nonmortgage Loan Brokers (NAICS: 522310)
Alternate Business NamesBordon Elliot Credit Services
The BBB has requested basic information from this company. The BBB has not received a response. Without this information, the BBB may not have current information concerning such things as the company's management or its nature of business.
Advance fee loan brokers usually advertise their services in the newspaper's "Money to Loan" columns, or broadcast over the TV or radio. These ads usually target those individuals with poor or no credit records who are seeking to borrow money. A fee that can range anywhere from $25 to $3,000 is paid in advance to the broker to find a loan. Please realize that the broker is not a lender. Loan brokers cannot make real estate loans and do not lend money directly to borrowers. The broker acts as a go-between for the client and the lender. Under some advance fee contracts, the original fee charged may not be refunded if the lender denies your loan.
Other contracts do allow refunds if the lender denies your loan and you obtain the same or larger amount from another lender. If the company offers a money-back guarantee, make sure you know what the guarantee covers, what the specific requirements are, and how long it is in effect. Secure this information in writing several days in advance to signing or agreeing to paying fees. The BBB strongly advises would-be borrowers to exercise caution before paying advance fees to any unknown firms or brokers who say they can find loans.