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Reason for Rating
BBB rating is based on 16 factors. Get the details about the factors considered.
Factors that lowered the rating for
Liberty Financial Advance Fee Loan
BBB concerns with the industry in which this business operates
BBB does not have sufficient background information on this business
Customer Complaints Summary
closed with BBB in last 3 years |
closed in last 12 months
Total Closed Complaints
Problems with Product/Service
Total Closed Complaints
Additional Complaint Information
In January and February of 2007, Domains by Proxy cancelled the privacy service for www.libertyfi.net, www.libertymf.com, www.rightvaluefinancial.com and www.prudentfinancialservicesinc.com because attempts to contact the registrants were unsuccessful and therefore in violation of Domains by Proxy's terms of service. ***Liberty Financial (www.libertyfi.net) is registered to Peter Snow at 100 Young Street, Toronto, Ontario M1A6B3, Canada and mail sent to this address was returned. ***Liberty Mutual Financial Service (www.libertymf.com) and Right Value Financial Service (www.rightvaluefinancial.com) are both registered to Business Innovations at Lawrence East Avenue, Scarbrough, Ontario M1C2A5, Canada and mail sent to this address was returned. ***Prudent Financial Services (www.prudentfinancialservicesinc.com) is registered to Arnold Rabin at 500 Lawrence Avenue, Toronto, Ontario M1R8B5, Canada. None of the above addresses are recognized by Canada Post, Canada’s postal service.
As of April 11, 2007, over 170 complaints have been filed with the BBB against this firm. Most of these complaints were closed "non-pursuable" because the BBB was unable to contact the firm. All known addresses for this firm are false. ***According to information received by the BBB, Liberty Financial and its affiliates promise guaranteed loans of up to $150,000 in exchange for fees totalling as much as $13,000. Consumers are instructed to send money to an individual located in Canada via Western Union; consumers note that subsequent to forwarding the required monies they do not receive the promised loan. ***Advance fee loans are illegal in the United States and Canada. In New York State a loan broker may charge a fee of no more than 1/2 of 1% of the value of the loan. Consumers are advised not to give personal information to random firms offering loans, grants, credit cards or unsolicited services over the phone.***
Complaint Process |
File a Complaint against Liberty Financial Advance Fee Loan
BBB file opened:
November 15, 2006
Tommy Beckford, prudentfinancialservices.com, libertymf.com
Arnold Rabin, Registrant - rightvaluefinancial.com
Peter Snow, Registrant - libertyfi.net
Principal: Tommy Beckford, prudentfinancialservices.com, libertymf.com
Principal: Arnold Rabin, Registrant - rightvaluefinancial.com
Principal: Peter Snow, Registrant - libertyfi.net
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