Loans
Apex Lending ServicesInformation 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.
Alert Details
This business has 1 alert.
Alert
BBB has received complaints from consumers alleging Apex Lending Services called them in regard to being approved for a $5000.00 loan. The consumers further allege that they are asked to make a deposit via wire transfer to get the loan. After the deposit is made, Apex Lending Services asks them to send more money. According to the complaints, the consumers never received the $5000.00 loan or their deposit back.
BBB is unable to find licensing for Apex Lending Services with the Washington Secretary of State or the Washington Department of Financial Institutions. BBB has reason to believe that the business is not physically located in the state of Washington.
According to the Federal Trade Commission’s website, there are “Six Sure Signs of an Advance-Fee Loan Scam:
1. A lender who isn’t interested in your credit history
2. Fees that aren't disclosed clearly or prominently
3. A loan that is offered by phone
4. A lender who uses a copy-cat or wanna-be name
5. A lender who is not registered in your state
6. A lender who asks you to wire money or pay an individual.”
The FTC further warns that, “it is illegal for companies doing business by phone in the U.S. to promise you a loan or credit card and ask you to pay for it before they deliver.” For more information, please visit the FTC’s website at, https://www.consumer.ftc.gov/articles/0078-advance-fee-loans.
As of May 27, 2019, the company has not responded to BBB.
If you are a victim of this scheme, please file a complaint, Scam Tracker report or customer review with BBB to share your experience with other consumers. In addition, BBB recommends filing a complaint with FBI’s Internet Crime Complaint Center at www.ic3.org and Federal Trade Commission at www.ftc.gov.
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