About
Important information
- Additional Info:Consumers indicate that Alterna Capital Lending offers advance fee loans. Advance fee loans are not permitted in Canada.
Consumers who apply online for a loan should make sure the application form is encrypted. If the form is not secure, any information transmitted on the form may be intercepted, which could result in identity theft. BBB could not find any evidence that Alterna Capital Lending's website is encrypted, or provides secure transmission of data.
BBB verified on 02/09/2018, that the website domain name for Alterna Capital Lending is registered to a privacy protection organization located in Panama.
If you believe that you have been the victim of fraud, BBB suggests that you contact the Canadian Anti-Fraud Centre. http://www.antifraudcentre.ca/
Tips:
- Beware of companies offering a guarantee on your loan especially if you have bad credit or no credit.
- Advertising through a recognized media outlet does not ensure that the ad was placed by a legitimate company.
- It is illegal for a company to request an upfront fee prior to obtaining a loan (insurance, administration fee, etc)
- If you are requested to wire funds through Western Union or MoneyGram, or to deposit funds in a bank account, it's most likely a scam.
Business Details
- Local BBB:
- Better Business Bureau of Greater Ottawa
- BBB File Opened:
- 9/2/2018
Licensing information
- On 02/09/2018, BBB confirmed that Alterna Capital Lending had not obtained a necessary license from the Ontario Ministry of Consumer Services. Such a license is required in Ontario for businesses offering Loans under the Payday Loans Act, 2008. BBB encourages you to contact the following agency to confirm this information: Ministry of Government and Consumer Services, Licensing, Inspections and Investigations Branch, telephone: 416-326-8800, toll free: 1-800-889-9768 or visit: https://www.consumerbeware.mgs.gov.on.ca/esearch/start.do.
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