BBB Warns Against Freechoice Financial
Acadiana's Better Business Bureau is out with a warning for businesses concerning loan companies that don't exist.
The BBB says Freechoice Financial claims to be a private lending firm claiming to provided unsecured lines of credit with a "no credit check" policy that makes it possible to acquired same day financing to anyone with a 500 credit score. Freechoice Financial's website is a professional looking site claiming to have helped many clients to maintain successful businesses with sound financial practices.
Once a company contacts Freechoice Financial they get a notice that they have been approved but due to their less stellar credit score they are required to pay the first several loan payments in advance as collateral. Companies are promised once payment is made Freechoice will deliver the loan by courier. The courier never arrives and money sent to Freechoice Financial is never recovered.