This Business Is Not BBB Accredited

Majestic Lending Group

Majestic Lending Group

(888) 791-4336

Majestic Lending Group

443 W Fullerton Pkwy
Chicago, IL 60614

BBB File Opened: 07/18/2008
Business Category
  • Advance Fee Loan Brokers
  • NAICS: Consumer Lending

Additional Information
  • The BBB would like to alert consumers that this entity appears to be an advance fee lender and allegedly is requesting advance fees for loans- an activity that is both illegal as well as fraudulent in nature. This is done with the intent to steal money from a consumer in the form of advance payments for non-existent loans. Consumers allege that they have been asked to wire upfront fees for loans to Majestic Lending Group, with the company promising to wire their loan money into their accounts within 48 hours.

    The BBB would like to alert consumers that per the Federal Trade Commission and the Illinois Attorney General, it is against the law for any lender to ask consumers for advance payments on loans.

    Common signs of advance fee fraud:

    - lender asks for premium, insurance, or collateral payments, frequently saying that this is due to consumer having low credit score
    - lender asks for the payment to be wired via Western Union or Money Gram to locations in Canada
    - lender asks for additional payments, saying that loan is risky because of consumer's financial history or private borrower's request

    If you have been victimized by this entity, please contact the IC3 -the Internet Crime Complaint Center- at www.ic3.gov, as well as Phonebusters -the Canadian Anti-Fraud Center- 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 Majestic Lending Group 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.

Majestic Lending Group

THIS BUSINESS IS NOT BBB ACCREDITED

Majestic Lending Group

Customer Review Rating:

Positive
0%
Neutral
0%
Negative
0%

Composite Score:

0 3