This Business Is Not BBB Accredited

Colton Financial

Colton Financial

(877) 836-7521

Colton Financial

Farmington , MI 48331
BBB File Opened: 06/28/2010
Business Category
  • Advance Fee Loan Brokers


BBB Reason for Ratings

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

Factors that affect the rating for Colton Financial include:

  • BBB concerns with the industry in which this business operates

BBB has received numerous complaints against this business regarding advance fee loans, requiring prepayment via Western Union. 

Complaints should be directed the Michigan Attorney General's office, online at:  

Consumer Protection Division
P.O. Box 30213-7713
Lansing, MI 48909
Facsimile: 517-241-3771

BBB urges consumers to read the following article published by BBB in cooperation with the Federal Trade Commision: 

As a general rule:

  • Don’t pay for the promise of a loan. It’s illegal for companies doing business by phone in the U.S. to promise you a loan and ask you to pay for it before they deliver.
  • Requiring advance fees for loans also is illegal in Canada.
  • Ignore any ad — or hang up on any caller — that guarantees a loan in exchange for a fee in advance.
  • Remember that legitimate lenders never guarantee or say that you will receive a loan before you apply, or before they have checked out your credit status or contacted your references, especially if you have bad credit or no credit record.
  • Don’t give your credit card, bank account, or Social Security number on the telephone, by fax, or via the Internet unless you are familiar with the company and know why the information is necessary.
  • Don’t make a payment to an individual for a loan; no legitimate lending organization would make such a request.
  • Don’t wire money or send money orders for a loan through Western Union or similar companies. You have little recourse if there’s a problem with a wire transaction. Legitimate lenders don’t pressure you to wire funds.

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.

Colton Financial

This Business Is Not BBB Accredited

Colton Financial

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