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This Business is not BBB accredited

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BBB Accreditation

This business is not BBB accredited.

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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 Merrick Capital Lending include:

  • BBB concerns with the industry in which this business operates
  • BBB does not have sufficient information to determine how long this business has been operating
  • Failure to have a required competency license.
  • Failure to respond to 1 complaint filed against business
  • BBB does not have sufficient background information on this business


Customer Complaints Summary Read complaint details

1 complaint closed with BBB in last 3 years | 0 closed in last 12 months
Complaint Type Total Closed Complaints
Advertising/Sales Issues 0
Billing/Collection Issues 0
Delivery Issues 0
Guarantee/Warranty Issues 0
Problems with Product/Service 1
Total Closed Complaints 1

Additional Complaint Information

The BBB has received information from complaints that the company is offering loans for an advance fee. Consumers allege that they have responded to advertisements from the internet for loans. After paying several hundred dollars, consumers allege that they never received the loan promised by the company.

These scams target individuals who are having trouble obtaining cash or credit. Customers are lured by advertisements 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 may 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.  We suggest that if you have a problem, please file a complaint online at www.bbb.org and www.ic3.gov

Additional Information

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BBB file opened: March 21, 2013
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
http://www.banking.state.pa.us
Phone Number: 800-722-2657
Fax Number: 717-787-8773
On 4/25/2013 BBB confirmed that Merrick Capital Lending had not obtained a necessary license from Pennsylvania Department of Banking and Securities.

Contact Information
Customer Contact: Mr. James Regal
Business Category

ADVANCE FEE BROKERS

Additional Information

As of February 14, 2013 the company is not registered with the Pennsylvania Department of State nor registered with the Pennsylvania Department of Banking as required by Pennsylvania law.

Industry Tips
Loans (Advanced Fee)
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BBB Complaint Process

Your complaint will be forwarded to the business within two business days. The business will be asked to respond within 14 days, and if a response is not received, a second request will be made. You will be notified of the business's response when we receive it (or notified that we received no response). Complaints are usually closed within 30 business days.

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As of February 14, 2013 the company is not registered with the Pennsylvnia Department of State nor registered with the Pennsylvania Department of Banking as required by Pennsylvania Law.