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Is A+Financial Solutions at 30 North La Salle St. , Chicago

 

Customer Question

Is A+Financial Solutions at 30 North La Salle St. , Chicago IL a fraud?

 



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Submitted: 284 days and 19 hours ago.
Category: Fraud Examiner
Value: $38
Status: CLOSED

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Expert:  LegalPro54 replied 284 days and 19 hours ago.

Hello and thank you for entrusting me to answer your question. My goal is to answer your question completely and thoroughly and to provide excellent service.

I have conducted a substantial revie of this business and found signfiicant cause for concern.

Foremost, the address you have provided for A+ Financial Solutions is a massive office building in Chicago, and yet A+ has not specified a floor or suite number. Accordingly, the address as presented would appear invalid and any mail sent to it would certainly be returned to sender.

Their website IP address traces to Laguna Nigel, California. This is interesting because although the Better Business Bureau has no record of a company in Chicago by the name of A+ Financial, the BBB does have record of a company in California by that name. The A+ Financial in California, which is quite likely the same business, has an "F" rating from the BBB. See here: http://www.la.bbb.org/business-reviews/Real-Estate-Brokers/A--Financial-Solutions-in-El-Monte-CA-13215183

My other concerns are really in regard to the nature of the timeshare reselling industry itself. This is an industry that is absolutely overrun with scam artists who require "advance fees" promising timeshare sales and then never come through--many never even with the INTENTION of coming through. I suggest that you read the following warning that the FTC has issued regarding this type of business before signing any contract or retaining any sort of timeshare reselling company: http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea15.shtm

You should also read this guide from the FTC regarding how to pick a timeshare reseller and how to spot the scammers: http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt185.shtm

The biggest thing is to not commit to any sort of advance fee or advance "taxes," or processing costs. Nobody should receive any money until you do. As soon as this cardinal rule is broken, it would be very wise to back away from the deal.

Given the red flags about A+ I was able to uncover and the fact that the industry within which they operate is riddled with scams, I think anyone would be wise to avoid them.

I sincerely XXXXX XXXXX this information helps you and I wish you the best.

If you do not have any further concerns, I would be very grateful if you would give my answer a positive rating and click submit, as this is the only way I will receive credit for assisting you. If you have any additional concerns that you would like me to address, please feel free to let me know by hitting the REPLY or CONTINUE CONVERSATION button and I will be more than happy to continue assisting you.

Finally, please bear in mind that none of the above constitutes legal advice nor is any attorney client relationship created between us.

Thank you and very kindest regards.
The biggest thing is to not commit to any sort of advance fee or advance "taxes," or processing costs. Nobody should receive any money until you do. As soon as this cardinal rule is broken, it would be very wise to back away from the deal.


Expert TypeAttorney
Category: Fraud Examiner
Pos. Feedback: 98.7 %
Accepts: 1773
Answered: 6/29/2012

Experience: Attorney with significant fraud prevention experience.

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