Consumer Alert: Consumer Financial Loan Guarantee
by Credit.com
Credit.com has recently tracked an increased
number of consumer complaints related to Consumer Financial loan list products.
To the best of our knowledge, Consumer Financial publishes, distributes and
sells a “guaranteed approval” lender reference book. Primarily
advertised in the central and southern United States through Penny Saver mailings,
the loan list book retails for $59 to $79 dollars.
Consumer Financial claims to guarantee customer loan approval; stating that
the lender will refund the cost of the book if the application is denied.
Without our authorization or approval, Credit.com is listed in the book along
with other lender contacts.
Credit.com is not a direct lender. We do not guarantee loan approval and do
not charge fees for loan applications. Each application we receive is reviewed
and matched with a qualified lender. Only the final lender can make underwriting
decisions to approve or deny a loan request.
If you have purchased a Consumer Financial publication, please be advised
that Credit.com is in no way affiliated with this service. Credit.com did
not authorize any statements made by Consumer Financial. We have attempted
unsuccessfully several times to have our business name removed from the publication.
For more information about Consumer Financial, please read the Better Business
Bureau reliability
report for the Texas-based company. If you have questions about Consumer
Financial, please feel free to email our customer service department at cs@credit.com.
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