Business ProfileforI-Direct Finance

BBB of MD Investigated this business after receiving a spike in consumer inquiries beginning in April of 2019.

Consumers inform that the business had called on the phone offering consumer loans with interest rates as low as 2%-4%. The business also allegedly claimed to offer debt consolidation and mortgages etc. Consumers reported that the business requested advance fees to cover closing costs and transfer fees for consumer loans, which is illegal in the state of Maryland.

Over the course of the investigation, BBB confirmed that the business is not properly licensed to offer consumer loans and mortgages.

BBB reviewed the business' website and determined that while the business claims to have 8 years of experience, the website was recently created as of 12/17/2018.

BBB also researched the testimonial photos displayed on the website and determined that the testimonials are not genuine.BBB also determined that one of the testimonials appears on multiple loan websites, verbatim.

BBB determined that I-Direct Finance is not registered as a business entity with the Maryland State Department of Assessment and Taxation.

The business claims to operate from the address 200 E Lexington St STE 100 Baltimore MD 21202-3510, however BBB confirmed that this address is VACANT.

Consumers who have had a recent encounter with this business may be at risk of identity theft and are encouraged to report the experience to BBB as well as the Federal Trade Commission:

To report a Scam call 1-877-382-4357, or go to ftc.gov/complaint

To file a complaint: https://www.ftccomplaintassistant.gov/#&panel1-1

FTC Identity Theft Information:
The FTC has extensive information, available on their webpage, which details steps to be taken when your identity may have been compromised. Read more at https://www.consumer.ftc.gov/topics/identity-theft

https://www.consumer.ftc.gov/articles/0005-identity-theft

-To report identity Theft visit :
https://www.identitytheft.gov/

-Steps to take when compromised:
https://www.identitytheft.gov/info-lost-or-stolen.html In February of 2021 complainant informed that they were recently contacted by an someone claiming to represent "Wealth Yards". The rep claimed that they had acquired all I-Direct Finance's clients and claimed to be offering a loan for an advanced fee.

Complaints filed against "Wealth Yard" allege that the business charges advance fee for loans that are never paid out to consumers.

To access the business profile for Wealth Yard, access the link below:
https://www.bbb.org/us/nh/manchester/profile/advance-fee-brokers/wealth-yards-0051-92051905