This Business Is Not BBB Accredited

Buchmann Lending Group

Buchmann Lending Group

Buchmann Lending Group


Woonsocket, RI 02895-3244
BBB File Opened: 05/03/2013
Business Started: 01/01/1973
Type of Entity
Corporation
Business Management
  • Mr. Mohammad Arif, President
Business Category
  • Advance Fee Loan Brokers
  • NAICS: Consumer Lending

Additional Information
  • Consumers Beware of Advance Fee Loans   The scenario is all too common: a consumer receives a call or e-mail or sees an advertisement for a pre-approved loan and calls to receive an application. The business says yes, they can offer you a loan ...
  • Consumers Beware of Advance Fee Loans 
    The scenario is all too common: a consumer receives a call or e-mail or sees an advertisement for a pre-approved loan and calls to receive an application. The business says yes, they can offer you a loan regardless of your credit history, if you pay an up-front "insurance," "security," or "processing," fee in advance. 

    Too often, those with bad credit - who can least afford it - end up losing their up-front fee and never hear from the business again.        

    According to the Federal Telemarketing Sales Rule, if someone guarantees or suggests that there is a strong chance they can get or arrange a loan or other form of credit for you, it's against the law to ask you to pay - or accept payment - for their services until you get your loan or credit. Better Business Bureau, along with the Federal Trade Commission, offers the following points to keep in mind before you respond to ads that promise easy credit, regardless of your credit history:Legitimate lenders never "guarantee" or say that you are likely to get a loan or a credit card before you apply, especially if you have bad credit, no credit, or a bankruptcy.If you apply for a real estate loan, it is accepted and common practice for lenders to request payment for a credit report or appraisal. However, legitimate lenders never ask you to pay for processing your application. Never give your credit card account number, bank account information, or Social Security number over the telephone or Internet unless you are familiar with the company and know why the information is necessary.If you don't have the offer in hand - or confirmed in writing - and you are asked to pay, don't do it. It's fraud and it's against the law. If you think you've been a victim of an advance fee loan, contact your Better Business Bureau, your local consumer protection agency, or state Attorney General.
  • BBB has been unable to determine if the business is actually located at 25 John A Cummings Way Ste 401 Woonsocket, RI 02895. Mail has not been returned, however attempts to gather information from the business, via mail, have been unsuccessful. The website, buchmannlg.com, does not provide a phone number for the business. The business's website states that they have been in business since 2005. BBB has been unable to confirm that with the Rhode Island Secretary of State. 

Number of Employees: 
14

NR

Out of Business

According to information in BBB files, this business is no longer in business.

BBB Reason for Ratings

BBB rating is based on 13 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 it is out of business.

Licensing information is provided in the BBB Business Profiles to inform the public about industries that may require professional licensing, bonding, or registration. Better Business Bureau encourages you to check with the appropriate agency to be certain any requirements are currently being met.
BBB promotes truth in advertising by contacting advertisers whose claims conflict with the BBB Code of Advertising. These claims come to our attention from our internal review of advertising, consumer complaints and competitor challenges. BBB asks advertisers to substantiate their claims, change ads to make offers more clear to consumers, and remove misleading or deceptive statements.
BBB reports on known significant government actions involving the business's marketplace conduct.
BBB reports on a company that is out of business for three years from the date the company closes its doors or ceases to do business.
BBB reports on unauthorized use of the Better Business Bureau's name and/or logo for as long as the business continues to use it in any advertising, or for one year after the business ceases any repeated unauthorized uses.
BBB reports on a business’s bankruptcy as long as the business remains in bankruptcy.
BBB reports when mail sent to the business was returned by the Postal Service.

The following Government Agency(s) or Association(s) may be able to provide you additional information:

Rhode Island Attorney General
150 South Main Street
Providence RI 02903
Phone Number: 401-274-4400
Fax Number: 401-222-1331
http://www.riag.ri.gov/
contactus@riag.ri.gov

Buchmann Lending Group

THIS BUSINESS IS NOT BBB ACCREDITED

Buchmann Lending Group

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