Information and Alerts
Service Area
- OH
Alert Details
This business has 1 alert.
Alert
DO NOT Confuse Liberty Capital or Liberty Loans with Liberty Loans USA an advance fee loan scam offering loans for a fee, paid for with a Vanilla Reloadable cash card offered by an individual calling himself Daniel Black. See below for more information.
Important Information
This business is BBB Accredited.
BBB has determined that Liberty Capital Services LLC meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public.
BBB accreditation does not mean that the business's products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business's product quality or competency in performing services.
Additional Info
Consumers are advised to view the alert posted on Liberty Capital Services LLC's website at: http://www.golibertyloans.com/home.html
Consumers should be aware that Liberty Capital also doing business as Liberty Loans, located in Worthington, OH only services loans to consumers in Ohio, Florida and California with Home Mortgage - Residential Loans only.
Liberty Capital Services aka Liberty Loans is the victim of identity theft.
Numerous offers have gone out to consumers across the United States under the name Liberty Loans USA. Consumers are advised not to pay money upfront for a loan. In the vast majority of cases, the scammers demand that consumers take out insurance coverage on the loans by loading cash onto Vanilla Reload or Green Dot Money Pak cards and then forward the thieves the access codes. Usually, the thieves initially demand between $600 and $3,000 to secure the loan. After receiving the first payment, scammers typically demand additional payments until victims run out of money or caught onto the scam. Such Vanilla Reload and Green Dot transactions are extremely difficult to trace. Other phony loan companies have used Western Union or MoneyGram to obtain the payments. The scammers make use of authentic-looking loan documents and elaborate, temporary websites to convince consumers of their legitimacy. It is illegal for any company making loans by phone to take up-front fees. Historically, the phony loan businesses change the names of their businesses every two to three weeks in attempts to keep a step ahead of law enforcement officials, consumer groups like BBB and consumers. But if they can use the name of a real company, they are happy to use it longer as consumers are confused, thinking they are dealing with a real company, as in this case. At any given time, dozens of advance fee loan scams may be operating across the country.
If you are a victim of this scam, please file a report on BBB Scam Tracker at this link: https://www.bbb.org/scamtracker/centralohio/reportscam
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