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Infolawyer, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 6823
Experience:  Licensed attorney helping individuals and businesses.
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Are you aware of any CFI client who paid the required

Customer Question

Are you aware of any CFI client who paid the required up-front processing fee and did not receive the funding they were seeking?
Has CFI ever been sued for non-performance and keeping a client's up-front money?
Kanjo M
Submitted: 1 year ago.
Category: Consumer Protection Law
Expert:  Law Educator, Esq. replied 1 year ago.
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only
What is the full name of this company, because there are many CFI out there and what you are describing actually sounds like what is called an "advance fee scam" as most credible lenders do not charge the process fees up front, they deduct them from the actual loan when they make the loan.

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