This Business Is Not BBB Accredited

Capital Source Financial

Capital Source Financial

(866) 699-3089

Capital Source Financial

1209 North Ashland Ave
Chicago, IL 60622
Additional Email Addresses
  • info@capitalsfinc.com
BBB File Opened: 02/11/2008
Business Management
  • Henry Clarke
Business Category
  • Advance Fee Loan Brokers
  • NAICS: Consumer Lending

Products & Services
The BBB would like to alert consumers that the Bureau has received complaints from consumers who allege to have been defrauded out of hundreds to of dollars in advance fees for loans. Currently pending complaints on file allege that Ridge Financial requests upfront "insurance" and "collateral" payments for loans, collects the money, but does not disburse any loan funds. Complainants allege to have contacted the entity repeatedly via phone and email but have not been able to reach the company or get their money back.

The Bureau would like consumers to be aware that per the Federal Trade Commission, it is illegal for a business to request up front fees in order to secure a loan. These fees may come in the guise of security, insurance, or other descriptions.

Additionally, consumers should be aware that the Chicago BBB has come across many incidents of interaction with so called Advance Fee Lenders. In each and every case where a consumer sent their requested fees, the Bureau knows of not a single example where the consumer received either 1) their loan funds, or 2) a refund of their advance fee.

If you are a consumer that has been victimized by this entity, please contact the Internet Crime Complaint Center -IC3- at www.ic3.gov as well as Phonebusters at www.phonebusters.com

F

BBB Reason for Ratings

BBB rating is based on 13 factors: Get the details about the factors considered.

Factors that affect the rating for Capital Source Financial include:

  • BBB concerns with the industry in which this business operates

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.

Capital Source Financial

THIS BUSINESS IS NOT BBB ACCREDITED

Capital Source Financial

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