BBB Business Review
This Business is not BBB accredited
Royal Alliance Investment Center
Phone: (855) 207-7131 Fax: (814) 217-1521 1001 State Street, Erie , PA 16501 ! There is an alert on Royal Alliance Investment Center !
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This business is not BBB accredited.
Reason for Rating
BBB rating is based on 16 factors. Get the details about the factors considered.
Factors that lowered the rating for Royal Alliance Investment Center 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
- BBB does not have sufficient background information on this 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 consumers that the company is offering loans for an advance fee. On June 29, 2011 the BBB verified that the company is not currently licensed by the Pennsylvania Department of Banking.
These schemes 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 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.
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