BBB Business Review
This Business is not BBB accredited
Medallion Financial Corp.
437 Madison Avenue, New York , NY 10022
BBB Business Reviews may not be reproduced for sales or promotional purposes.
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.
Based on BBB files, this business has a BBB Rating of No Rating. The reason is as follows:
- BBB does not have sufficient information to issue a rating on this business.
Customer Complaints Summary
|Complaint Type||Total Closed Complaints|
|Problems with Product/Service||0|
|Total Closed Complaints||0|
Additional Complaint Information
According to information received by the BBB, this firm promises large guaranteed loans in exchange for an upfront fee. Consumers are instructed to wire money to an individual via Western Union; consumers note that after forwarding the fee they do not receive the promised loan.
***Consumers should note that advance fee loans are illegal in the United States and Canada. Consumers are advised not to give personal information to random firms offering loans, grants, credit cards or unsolicited services over the phone or on the internet. Consumers should be aware that in New York State, a loan broker may charge a fee of no more than 0.5% of the value of the loan. ***