American Reliance Financial: Loan Scam

We received a report about this fake lender this morning:

I am dealing with a company American Reliance Financial for a loan, they do ask for 4 payments first. Their address is 232E 27th st. NY, NY.  Are these people scammers?

Yes, they are scammers. The three main clues are: 1) asking four payments first (probably to be wired to Canada) 2) A generic sounding name ending with "Financial 3) a very recently created website. I looked up their website registry information and found that the site for the fake lender had only been created yesterday.

Here are the details on this latest scam:

Fake lender name: American Reliance Financial
Fake lender website: http://amrelfinonline.com/
Fake lender address: 232 E 27th St, New York, NY or 340 Hamilton Ave, Trenton, NJ
Fake phone number: 1-888-715-6667
Fake fax number: 1-888-697-5822
Fake loan details: Minimum "loan" amount of $20,000. Request the wire transfer of four months payment

If you're working with a lender and think it might be a scam, email us before you send any money. We'll be happy to point out the bad guys and save you from losing a $1,000 or more to these fraudsters.

Emily Peters – Credit.com's personal finance expert and former TransUnion credit bureau insider. Emily writes about credit reports, credit cards, loans and personal finance as the CreditBloggers.com editor.

Comments

[bill]

We began a loan process, but became suspicious when the 4 payment deposit was requested. The number we were given was 888-632-9070, and we spoke to a Diane Ruthy. Thanks for helping us keep tabs on these frauds.

[Trista Morris]

How about Silverspring Lending Services. Address 633 Third Avenue New York NY. Number 1-877-754-2406. www.silverspringlending.com They approved me for a 5,000 dollar loan and i have to pay the first seven moths up front and then i wouldnt have to start paying util june.