Lending firm a scam
July 23, 2009
By MoneyAisle
According to the Lincoln Star Journal, the Nebraska Department of Banking and Finance has issued a warning that a lending company called Hillsboro Financial Group, which claims to be based in Omaha, is a hoax.
“The company offers personal loans to consumers and requires up-front fees for ‘lender’s insurance’ in advance of funding a loan, according to financial institutions.”
After a borrower was asked to send an $800 deposit to an address in Canada before receiving a loan, he notified the Department.