Suffield Lending is a scam involving the issuing of personal loans to individuals with bad credit, charging them a "downpayment" that must be wired to secure the loan.
Afriendof minehad applied for a personal loan through this company, and was told that he would be granted a $48,000 personal loan at 5% interest over 4 years.
In order to have the $48,000 wired to his account, my friend was instructed to send a $2500 downpayment toSuffield Lending via Western Union.
Being that this did not sound correct at all, I called Sean at Suffield Lending to find out more about their products and company.
Talking with Sean, I was told that Suffield Lending was a private brokerage was backed bya group of wealthy investors, and that they are able to offer low interest personal loans to individuals with bad credit.
Obviously this is a scam. Do not send Suffield Lending any money to secure your personal loan. Wealthy investors do not invest in low return loans to individuals with bad credit. This does not happen.
Suffield Lending is a fraud, portraying themselves as a private brokerage firm. I did some research with the State of New Jersey, and on Dun and Blackstreet. Suffield Lendingin not licensed. Suffield lending is not a registered company. Suffield Lending does not have a registered tax ID number.
If you google the address on their web page, it is of a private residence in Wykoff, NJ. I spoke with the police department in Wykoff, and was told that the residents of this house have nothing to do with Suffield Lending. Appareantly, victims who send information to this address are told that it was lost in the mail, and then instructed to fax the information to a Mass. Phone number.
This is not a ligitimate business. Do not send tham any money.
Never wire any money to a business... Legitimate businesses do not operate in this manner.
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