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Old 05-30-2008, 12:18 PM
 
1 posts, read 3,284 times
Reputation: 10

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Hey, Chicago-ans. I need your help! please.
I am trying to verify the legitamcy of a company called:
Middle Class Financial. The website is Middleclassfinancial.net
They do loans and mortgage things of that nature. Supposedly in business for 28 years, but I can not find any hard data on them...Can anyone help? Or point me in the right direction?


Thank you!
Concerned Cosumer
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Old 05-30-2008, 01:02 PM
 
28,455 posts, read 85,332,804 times
Reputation: 18728
Ask for their license number then look 'em up:

Department of Financial and Professional Regulation - Licensee Search
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Old 06-07-2008, 03:43 PM
 
2 posts, read 6,350 times
Reputation: 10
Exclamation Got a call from them

Quote:
Originally Posted by bugbee23 View Post
Hey, Chicago-ans. I need your help! please.
I am trying to verify the legitamcy of a company called:
Middle Class Financial. The website is Middleclassfinancial.net
They do loans and mortgage things of that nature. Supposedly in business for 28 years, but I can not find any hard data on them...Can anyone help? Or point me in the right direction?


Thank you!
Concerned Cosumer

Just wondering if you ever found out if this company is really legitimate. The reason I'm asking is because I have been trying to get a loan for $5000 & low and behold a guy by the name of Moderator cut: lets leave out names called and told me that I was approved. He was somewhat pushy when I called him back. Like I had rich friends and could get the so called Collateral deposit for my personal loan. The deposit was $825 which I do have now, took me awhile but I got it. Now I'm wondering the same way you were. If I should send this money to this company. Here is what he told me to do.
He said to send the money to this place. Name: Moderator cut: lets leave out names
He said that their HQ was there, but when my friend called back and said he wanted to be a new customer but could he have their HQ phone number. He said you won't get anyone because there was noone there to answer his questions because they didn't have my file with them. Mind u this was on Saturday 7th 08
He also said that this company is a private lender therefore they aren't going to be listed with the BBB.org
I have dealt with finance companies in person before and I do understand why they need the deposit up front so they know that your serious about this loan. Just like people request deposit + 1st months rent upfront.
The problem I'm having is I am disabled and only draw a fixed income per month. Also I had to switch banks cause my previous bank did not do payday loans or deal with checks at all. They were completely online banking. So anyway I had to do like 3 payday loans and what I'm afraid of if I can't find out any information is if this company is fake then I'm screwed cause I have my check gone plus the 3 payday loans that I would have to pay back somehow If you have any any information at all that you found out about this company then please by all means send it to me Moderator cut: send via DM

Thanks,
MicnRic

Last edited by jessiegirl_98; 06-07-2008 at 03:49 PM.. Reason: edited
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Old 06-07-2008, 03:50 PM
 
Location: Chicago
2,467 posts, read 12,244,035 times
Reputation: 897
Basically, if you are suspicious, then I would try to go to a more reputable company (not to say this one isn't- I have no idea), but one where you can go in and physically talk to people and get the loan.

I just don't want you to get screwed.
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Old 06-07-2008, 05:19 PM
 
28,455 posts, read 85,332,804 times
Reputation: 18728
ARE YOU CRAZY????

A "deposit" of $825 to get a $5000 loan. SCAM SCAM SCAM SCAM!!!

Call the State's Attorney or the Attorney General. Your are disabled, this scum should be hung by their sexual organs and whipped with rusty motorcycle chains!

BTW If you are doing payday loans and such you need some SERIOUS help. START with these:

CCCS - LSS Financial Counseling Service ? Consumer Credit Counseling Service

OperationHope.org - Home Buyers Program (http://www.operationhope.org/smdev/lf2.php?id=229 - broken link)

Losing the Ghost of Credit Past | My Cash Counts

America Saves

Mymoney.gov
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Old 06-07-2008, 09:57 PM
 
Location: Chicago
15,586 posts, read 27,597,919 times
Reputation: 1761
I agree with Chet. It screams scam.
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Old 06-09-2008, 03:43 AM
 
2 posts, read 6,350 times
Reputation: 10
Wink Hi


I was wondering if you guys could tell me some legit places to go to for people with bad credit. I know places close to me won't help me because my credit score is around 520 or so.
I also appreciate your input.
BTW this company has been in business since 1993
Middle Class Financial (broken link)
Also do you guys know of any any way to check out a company for fraud?

PS... If this company is fraud then the payday loans will be going back to where I got them.
Thanx,
MicnRic
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Old 06-09-2008, 10:39 AM
 
11,975 posts, read 31,776,941 times
Reputation: 4644
I think Payday loans are basically a scam as well--even though they are a tolerated scam. We need to re-institute usury laws to limit interest rates that can be charged. Payday loan companies are predatory by nature, and should be outlawed. They take advantage of poor people who are in a pinch.
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Old 07-07-2008, 11:26 AM
 
1 posts, read 3,016 times
Reputation: 10
i was just wondering if you ever got your money back that you sent to middle class ????? please let me know thanks
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