Loans
Funding TurtleAbout
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 Funding Turtle offers advance fee loans. Advance fee loans are not permitted in Canada. 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:
- 30/5/2017
- Business Management:
- Mr. James M. Smith, Founder/CEO
Additional Contact Information
- Principal Contacts
- Mr. James M. Smith, Founder/CEO
- Customer Contacts
- Mr. James M. Smith, Founder/CEO
Licensing information
- On May 31, 2017 BBB confirmed that Funding Turtle 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.
Loan companies conducting business in the Province of Ontario must be licensed with the Financial Securities Commission of Ontario (FSCO). BBB confirmed that Funding Turtle is not licensed with the Financial Securities Commission of Ontario as of May 31, 2017.
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/
Industry Tip
More Resources
Featured Content
BBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period, except for customer reviews. Customer reviews posted prior to July 5, 2024, will no longer be published when they reach three years from their submission date. Customer reviews posted on/after July 5, 2024, will be published indefinitely unless otherwise voluntarily retracted by the user who submitted the content, or BBB no longer believes the review is authentic. BBB Business Profiles are subject to change at any time. If you choose to do business with this company, please let them know that you checked their record with BBB.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.