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Business Profile

Loan Broker

Sanford and Shaw Lending Services

This business is NOT BBB Accredited.

Find BBB Accredited Businesses in Loan Broker.

Information and Alerts

Accreditation Status

This business is not BBB accredited.

Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.

To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.

BBB Rating

F

Reasons for Rating

  • BBB concerns with the industry in which this business operates

How does the Better Business Bureau rating system work?

Ratings range from A+ to F, based on factors like customer complaints, transparency, and responsiveness. Customer reviews do not impact the BBB rating. BBB also seeks and uses information directly from businesses and public data sources. Please find more information about our rating system.

BBB ratings reflect how a business is likely to interact with customers. Ratings update automatically as new information is received. In some cases, a business's grade may be lowered if the BBB does not have sufficient information about the business despite requests for the information.

Alert Details

This business has 1 alert.

Alert

BBB is issuing a warning about Sanford and Shaw Lending Services which appears to be operating an advance fee loan scam.

We created this BBB Business Review on 2.22.16 when consumers began calling BBB. They had searched for loans online using the tag "loans with bad credit".

The website was created on 2.9.16, and the server appears to be in Canada. As of 2.22.16 the phone number and website was active.  

Advance fee loans prey on people who may not otherwise be able to get a loan. Advance fee loan brokers often advertise in the newspaper, or use the internet to scan for loan applicants. Operators require a cash advance, usually a couple hundred dollars, to secure a loan.

BBB strongly advises would-be borrowers to exercise caution before paying advance fees to unknown persons who say they can find loans. Never give your credit card, checking account, or social security numbers over the phone. If you are having financial problems, you may wish to seek help from your local non-profit counseling service.

According to the FTC, legitimate lenders never "guarantee" or say you are likely to get a loan or a credit card before you apply, especially if you have bad credit, no credit, or a bankruptcy. Legitimate lenders never ask you to pay for processing your application. 

If you have been contacted by this company:

- please file a complaint or customer review with BBB,

-report the incident to the Internet Crime Complaint Center at www.ic3.gov, and

- review the FTC tips on how to protect yourself at www.ftc.gov.

Important Information

Additional Info

Sanford and Shaw does not have an office at 1225 Dublin Rd, Columbus, OH. BBB urges consumers to be very careful when choosing whether to do business with a company whose physical location is unknown.   

BBB Business Profiles may not be reproduced for sales or promotional purposes.

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When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

BBB Business Profiles generally cover a three-year reporting period, except for customer reviews. Customer reviews posted prior to July 5, 2024, will no longer be published when they reach three years from their submission date. Customer reviews posted on/after July 5, 2024, will be published indefinitely unless otherwise voluntarily retracted by the user who submitted the content, or BBB no longer believes the review is authentic. BBB Business Profiles are subject to change at any time. If you choose to do business with this company, please let them know that you checked their record with BBB.

As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.