Heard of King and Son Equity Group?

Answers:1   |   LastUpdateAt:2012-09-07 14:29:02  

Asked at 2012-09-05 21:39:04
This is what I found! Stay away from them! MedlinePlus BBB rating for King & Son Equity Group MedlinePlus Based on BBB files, King & Son Equity Group has a BBB rating of F on a scale from A + to F. MedlinePlus The reasons for this classification are: MedlinePlus BBB concerns with the industry in which this business operates.
BBB does not have sufficient information to determine how long this business has been operating. MedlinePlus BBB does not have sufficient background information on this business. MedlinePlus Click here for an explanation of BBB Ratings MedlinePlus The BBB has received an increased number of inquiries and Kings Group shares are intended to be located in Arkansas. After investigation, the BBB has confirmed that there is no such company in that direction. Consumers should be aware that the names of the lender also may be false, and no such persons may exist. MedlinePlus MedlinePlus This business has been asking customers who have been researching online loan options. Consumers are told they do not qualify for a traditional loan, but this business can help. Then it goes to complete a loan application requesting personal information such as social security number, date of birth, employment information and monthly income. The BBB has reviewed a copy of a loan agreement contract. It states that a total of several monthly loan payments must be prepaid. Consumers are instructed to wire payment to a person that is normally found in Canada. The loan agreement also states that the funds will be delivered to consumers within one business day from the time the contract is executed and payment of loan collateral has been connected to Canada. However, according to customers, have not received the promised funds. When calling to inquire about the status, requests for additional money business to be connected to Canada. Some consumers were promised a refund, but never received it. The BBB is not aware of any person who has received a loan. MedlinePlus MedlinePlus MedlinePlus MedlinePlus Back to top MedlinePlus Business Contact and Profile of King & Son Equity Group MedlinePlus Name: King & Son Equity Group MedlinePlus Phone: (877) 318-3413 MedlinePlus Address: 219 W Capitol MedlinePlus MedlinePlus Little Rock, AR 72201 MedlinePlus Website: MedlinePlus www.ksequitygroup.com Director: Mr. Christopher King, CEO MedlinePlus Customer Contact: Mr. Christopher King, CEO - (877) 318-3413 MedlinePlus Open File Date: March 2010
Activity Type: Advance Fee Brokers MedlinePlus BBB Accreditation: King & Son Equity Group is not a BBB Accredited business. MedlinePlus MedlinePlus MedlinePlus The BBB develops a report on a firm based on inquiry or complaint activity. The BBB has not received a sufficient volume of requests for information, nor has BBB received any complaints on this firm to warrant the development of a report. The information provided, however limited, is presented to assist you in your purchasing decisions or for any other purpose you deem relevant. The BBB suggests you read and understand company promotional materials and contracts and check company references and licensing, where applicable. MedlinePlus MedlinePlus The BBB urges caution when requested by a company that promises a loan in exchange for an upfront fee. According to the Federal Trade Commission, it is illegal for companies doing business by phone in the U.S. to promise a loan and demand payment before delivery. Consumers are typically instructed to send the fee to transfer to a place outside the United States, and have little recourse if there is a problem with the transaction. MedlinePlus MedlinePlus The Office of the Arkansas Attorney General recommends that the report of his experience with companies payday loan advanced to the Federal Trade Commission (FTC) and PhoneBusters. PhoneBusters is the Canadian Anti-Fraud Call Centre. The call center plays a vital role in the collection and dissemination of victim data, statistics and documentation that are made available to outside law enforcement. MedlinePlus MedlinePlus FTC MedlinePlus MedlinePlus http://www.ftc.org 877-FTC-HELP (877-382-4357) MedlinePlus TTY: 866-653-4261 MedlinePlus MedlinePlus PhoneBusters MedlinePlus MedlinePlus http://www.phonebusters.com MedlinePlus 888-495-8501 MedlinePlus If you have provided personal information, BBB recommends that you file a fraud alert with the three major credit reporting agencies. You only need to contact one of the three companies to place an alert, the company you call is required to contact the other two. MedlinePlus MedlinePlus TransUnion: 1-800-680-7289; www.transunion.com; Division Fraud Victim Assistance, PO Box 6790, Fullerton, CA 92834-6790 MedlinePlus MedlinePlus Equifax: 1-800-525-6285; www.equifax.com; P.O. Box 740241, Atlanta, GA 30374-0241 MedlinePlus MedlinePlus Experian: 1-888-EXPERIAN (397-3742); www.experian.com, PO Box 9532, Allen, TX 75013
Answer1PepyAnswered at 2012-09-07 14:29:02
I agree with you and thank you for providing this information. Not for myself because I'm a little more reserved than my friend, who is going to go through with this " loan " with them ...
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