Loans
Premium Lending GroupAbout
This business has 1 alert
Important information
- Believed to be out of business:According to information in BBB files, it appears that this business is no longer in business.
- Additional Info:Consumers indicate that Premium Lending Group 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 Premium Lending Group's website is encrypted, or provides secure transmission of data.
BBB verified on 05/08/2017, that the website domain name for Premium Lending Group is registered to a privacy protection organization located in Panama.
Correspondence sent to Premium Lending Group at 2068 Robertson Road, Nepean, ON K2H 5Y8 was returned as undeliverable. BBB has not been able to confirm the company's postal address.
BBB contacted Premium lending group, via email, on 05/08/2017, to request information and clarification of the company's business practices. BBB did not receive a reply from the business.
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:
- 5/4/2017
Licensing information
- On April 5, 2017 BBB confirmed that Premium Lending Group 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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