This Business Is Not BBB Accredited

Grace Period, Inc.

Grace Period, Inc.

(412) 322-3151

Grace Period, Inc.

632 East Ohio Street
Pittsburgh, PA 15212
Additional Email Addresses
  • help@graceperiod.org
Additional Website Addresses
BBB File Opened: 01/11/2011
Business Started: 10/01/2007
Business Started Locally: 10/01/2007
Business Incorporated: 05/11/2007 in PA
Type of Entity
Non-profit Organization
Business Management
  • Mr. Daniel Krebs, CEO
  • Mr. Anthony Wiles, President
Business Category
  • Payday Loans
Alternate Business Names
  • Borrow4free.org
  • Grace Lending LLC
  • Dime-A-Day Solutions
  • Ventures in Grace, Inc.

Out of Business

Advertising Review

On 12/19/2014 BBB wrote to Grace Period and asked the business to substantiate the following advertising claims:

Company website, http://www.graceperiod.org, states:

"Grace Period can help you gain access to funds you need with payday loans  . ."  

BBB found that these claims were in violation of the BBB Code of Advertising.  As of January 5, 2015, the business has failed to modify or substantiate these claims.

Government Action

PA Department of Banking & Securities Consent Agreement & Order
On March 4, 2015 Pennsylvania Department of Banking & Securities ordered Grace Period, Inc.; Dime-a-Day Solutions; Graced Lending, LLC; and Ventures in Grace, Inc. to cease and desist from engaging in the consumer discount business and provide refunds to consumers for violations of the Consumer Discount Company Act and the Loan Interest Protection Law.

The consent agreement alleges t... Read More

Pattern of Complaint

BBB files indicate that this business has a pattern of complaints with consumers alleging they received a short term loan from Grace Period and the company has not provided them with a statement of fees, charges, dues, and interest applied to their loan balance and account. They requested an itemized statement of activity on their account to understand where and how payments/dues were applied, and Grace Period did not respond to their request.

BBB Reason for Ratings

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

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.

Grace Period, Inc.

This Business Is Not BBB Accredited

Grace Period, Inc.

Out of Business

Customer Review Rating:

100%