FOR IMMEDIATE RELEASE
Vancouver, BC – Fresh off BBB’s National Top 10 Scams is a warning about a local company offering loans but only if you pay an advance fee to secure it. Advance fee loans are illegal in Canada, and in fact, they are one of our Top 10 Scams this year.
Cash Advance, or Cash Advance Canada is raising a lot of alarm bells for BBB and we advise the general public to steer clear of this organization. http://www.cashadvance.ca/
“This company has many complaints against it from many parts of Canada, and they go unanswered,” says Evan Kelly, Senior Communications Advisor for BBB serving Mainland BC. “They have given us a lot of erroneous information about themselves. For instance they claim to be based in the Bentall Centre in downtown Vancouver, yet the addresses they give either belong to the National Bank Financial, or they don’t exist. The complaints we receive have people losing a lot of money, which is made worse as many victims are in need of financial help.”
Here are some tips on how to spot a loan scam:
What you can do to protect yourself:
Evan Kelly, Senior Communications Advisor BBB Serving Mainland BC 604-488-8702 firstname.lastname@example.org 404-788 Beatty Street Vancouver, BC V6B 2M1
For more than 100 years, Better Business Bureau has been helping people find businesses and brands they can trust. In 2014, people turned to BBB more than 165 million times for BBB Business Reviews, all available for free at bbb.org. BBB Serving Mainland B.C., founded in 1939 and serving the Lower Mainland, Thompson-Okanagan, Northern, Central and Southern Interior BC, and the Yukon, is one of 112 local, independent BBBs across North America. In 2014, consumers turned to BBB Serving Mainland B.C. more than 1.8 million times for Business Reviews and processed 7,500 complaints.