BBB Business Review
This Business is not BBB accredited
Phone: (888) 299-9003 ! Key Financial is Believed to Be Out of Business !
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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.
Based on BBB files, this business has a BBB Rating of No Rating. The reason is as follows:
- This business has no rating because BBB has information indicating it is out of business.
Customer Complaints Summary
|Complaint Type||Total Closed Complaints|
|Problems with Product/Service||0|
|Total Closed Complaints||0|
Additional Complaint Information
The BBB has received information from callers and complaints that the company is offering loans for an advance fee. Consumers allege that they have responded to advertisements in local papers and the internet for loans. After paying several hundred dollars, consumers allege that they never received the loan promised by the company. According to BBB files, the company has an unsatisfactory record for failure to respond to two or more complaints.
The BBB has verified that the listed address for Key Financial Services is that of a "Mail Secretary" service. Information in BBB files shows the company's mail has been forwarded to Cred-x, 700 Lawrence Ave West, Suite 200, Toronto, ON. and they are not currently licensed by the Pennsylvania Department of Banking.
The BBB has witnessed a national trend of advance fee loan scams. These scams target individuals who are having trouble obtaining cash or credit. Customers are lured by advertisements and direct mail pieces promising "guaranteed" loans - regardless of credit history - for advance fees running between $50 and several hundred dollars.
However, you must pay an advance fee before obtaining the "loan". These so-called loan brokers don't lend money directly; they claim to act as money finders and ask for an advance fee in order to prepare a loan application and present it to prospective lenders. But these firms cannot guarantee loans, despite their promises of unlimited funding sources. In many cases, brokers fraudulently pocket advance fees, make no effort to find the funds promised, and the customer loses money.
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:
Pennsylvania Department of Banking and Securities
17 N Second Street, Suite 1300, Harrisburg PA 17101
Phone Number: 800-722-2657
Fax Number: 717-787-8773
ADVANCE FEE BROKERS