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CONSUMER ALERT: Another Advanced Fee Loan Scam with western Michigan address


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News Release #20110610
Issued: 06-10-2011
Contact: Ken Vander Meeden
Email: bbbceo@iserv.net
616.774.8232 - 800.684.3222

with Western Michigan Address

Who doesn’t need a loan in these uncertain times, hence “advance” fee loan scams continually pop up. The Better Business Bureau of Western Michigan has been bombarded with phone calls, inquiries and complaints about a local address in Grand Rapids. The bad offer is from:

Ameristate United Financial
99 Monroe AVE NW
Grand Rapids MI 49503
(866) 981-7999

“Calls and complaints to the regional BBB will at least have the latest information and an“F” report on this never-ending loan scam” claimed BBB president Ken Vander Meeden. “We checked it out ASAP and found that:

· International phone number never answered; only leaved message

· Fax number is a Detroit area line

· Website originates from somewhere in Russia probably.

· 99 Monroe address does not have this company as a tenant per realty company agent

Advanced fee loan scams charge “up front” fees to scam desperate consumers, worse yet they require significant personal identity information which can also be destructive for unaware consumers” Vander Meeden stated.

This has been going on forever, with better technology making the offer look better each year. We have written numerous warnings, alerts, and BBB tips on this subject. Only the names and addresses change so we issue more “red flagged” names for those of you who check things out first.

BBB advises: “When in doubt; check it out” at www.bbb.org .

About BBB

The regional Better Business Bureau of western Michigan services 38 counties in western Michigan. Our office is located in the Trust Building, 40 Pearl ST NW STE 354, Grand Rapids MI 49503. 616.774.8236 (Voice) 616.774.2014 (Fax) 800.684.3222 (Toll Free west Michigan ONLY).

BBB is an unbiased non-profit organization that sets and upholds high standards for fair and honest business behavior. Businesses that earn BBB accreditation contractually agree and adhere to the organization’s high standards of ethical business behavior. BBB provides objective advice, free business BBB Business Reviews and charity BBB Wise Giving ReportsTM, and educational information on topics affecting marketplace trust. To further promote trust, BBB also offers complaint and dispute resolution support for consumers and businesses when there is difference in viewpoints. The first BBB was founded in 1912. Today, 122 BBBs serve communities across the U.S. and Canada, evaluating and monitoring more than three million local and national businesses and charities. Please visit www.bbb.org for more information about BBB.

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