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- Additional Info:Consumer complaints received by BBB claim the company leads the consumer to believe they have been approved for a loan. The company representative instructs the consumer to wire money to a specified location to secure the loan. Once the money has been sent consumers do not receive a loan and are unable to get the money back that was wired to the company to "secure" the loan. This business first came to the attention of BBB on April 20, 2011 after consumers contacted BBB seeking more information about the business. BBB found that the business website was created on April 10, 2011. The website claims to offer personal/business loans, but when contacting the company inquiring about applying for a loan they say they just process the applications for several lenders.
BBB has received information from several consumers that claim they were contacted by Oklahoma Financing Co. (OKFCO) after applying to several online loan companies. Other consumers have claimed they responded to a loan advertisement in a free newspaper publication. The loan advertisement claimed that "Everyone Was Approved" and "Bad Credit" was "No Problem". After consumers left their contact information they were later contacted by Oklahoma Financing Co.
Consumers claim they were immediately approved for a large sum of money and asked to wire transfer around $1,600 to Kingston, Jamaica to "secure the loan". None of the consumers contacting BBB that wired money obtained a loan.
OKFCO was unable to answer applicable questions such as: Why their phone number is not listed in the phone book and, What is the name of the lender who gave OKFCO the consumer's application. BBB investigators contacted the leasing agent for the address that is listed on the business website. The leasing agent informed BBB that OKFCO/Oklahoma Financing Co., is not located in the building.
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