Loans
Funding TurtleAbout
This business has 1 alert
Important information
- Believed to be out of business:According to information in BBB files, it appears that this business is no longer in business.
- Additional Info:Consumers indicate that Funding Turtle offers advance fee loans. Advance fee loans are not permitted in Canada. Tips:
- Beware of companies offering a guarantee on your loan especially if you have bad credit or no credit.
- Advertising through a recognized media outlet does not ensure that the ad was placed by a legitimate company.
- It is illegal for a company to request an upfront fee prior to obtaining a loan (insurance, administration fee, etc)
- If you are requested to wire funds through Western Union or MoneyGram, or to deposit funds in a bank account, it's most likely a scam.
Business Details
- Local BBB:
- Better Business Bureau of Greater Ottawa
- BBB File Opened:
- 30/5/2017
- Business Management:
- Mr. James M. Smith, Founder/CEO
Additional Contact Information
- Principal Contacts
- Mr. James M. Smith, Founder/CEO
- Customer Contacts
- Mr. James M. Smith, Founder/CEO
Licensing information
- On May 31, 2017 BBB confirmed that Funding Turtle had not obtained a necessary license from the Ontario Ministry of Consumer Services. Such a license is required in Ontario for businesses offering Loans under the Payday Loans Act, 2008. BBB encourages you to contact the following agency to confirm this information: Ministry of Government and Consumer Services, Licensing, Inspections and Investigations Branch, telephone: 416-326-8800, toll free: 1-800-889-9768 or visit: https://www.consumerbeware.mgs.gov.on.ca/esearch/start.do.
Loan companies conducting business in the Province of Ontario must be licensed with the Financial Securities Commission of Ontario (FSCO). BBB confirmed that Funding Turtle is not licensed with the Financial Securities Commission of Ontario as of May 31, 2017.
If you believe that you have been the victim of fraud, BBB suggests that you contact the Canadian Anti-Fraud Centre. http://www.antifraudcentre.ca/
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