Results 26 to 50 of 57
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01-27-2016, 03:55 PM #26
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- May 2015
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- 14
You are referring to an FCRA Adverse Action, which only must be provided to a consumer applicant. They are not required for business credit because the commercial entity is the applicant, the consumer is a guarantor and does not meet the definition of an applicant.
An ECOA or Reg B adverse action notice is required for business credit and the notice must contain "either a statement of the specific reasons for the action taken or a disclosure of the applicant’s right to a statement of specific reasons and the name, address, and telephone number of the person or office from which this information can be obtained"Last edited by jfranz17; 02-02-2016 at 02:25 PM. Reason: correction
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01-27-2016, 04:14 PM #27
- Join Date
- Nov 2014
- Posts
- 438
Privacy is of the utmost concern for LoanMe on both consumer and business information. I'm not sure you understand how our lead referral and application process (initial pre-qual, initial declines, UW declines, etc.) works, and how we are able to abide by the laws for consumer and business loans. If you would like to give us a call directly we would be more than happy to discuss them with you. We can be reached at any of the numbers listed in our signature below.
LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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01-27-2016, 09:39 PM #28
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- May 2015
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- 14
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01-27-2016, 10:18 PM #29
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- Jul 2014
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01-27-2016, 11:08 PM #30
Is LoanMe going to disrupt our space?
LoanMe has a highly experienced management team and has dominated consumer lending in the past. I'm pretty sure they know how to not break the law.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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01-27-2016, 11:14 PM #31
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- Jul 2014
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- 1,746
Is LoanMe going to disrupt our space?
This meatball obviously got declined and can't handle rejection.
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01-28-2016, 06:27 AM #32
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- May 2015
- Posts
- 14
Yes
Last edited by jfranz17; 02-02-2016 at 02:27 PM. Reason: edit
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01-28-2016, 06:28 AM #33
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- May 2015
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- 14
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01-28-2016, 08:31 AM #34
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- Feb 2015
- Posts
- 14
http://www.consumerfinancialserviceswatch.com/2015/11/some-california-lenders-may-now
LoanMe: Thank you for making yourselves available to the forum for response to inquiry. To that regard, and as to the above statement No. 2: Is LoanMe's policy to refuse unlicensed broker referrals on California funded erroneously based upon a mistaken impression that such unlicensed referrals remain in violation of California law?
Is LoanMe aware that California Governor Jerry Brown signed legislation authorizing lenders such as LoanMe to accept these very referrals from and to specifically compensate brokers for such referrals, effective January 1st, 2016?
LoanMe: as I think and dictate this reply, a thought comes to mind. That is, may this inquiry constitute bizzcash.com's official request to LoanMe, on presumptious behalf of brokers wishing to offer LoanMe business cash advance product in California, that LoanMe re-examine this issue and reconsider its prohibition on compensating brokers for referrals of California funded; just as the state of California re-examined and reconsidered this self same issue, with California government ultimately coming to the conclusion that brokers were a vital and vibrant contributor to the local financial industry and deserve to be properly compensated. No licensing is required.
Please review the following: http://www.consumerfinancialservices...erral-sources/bizzcash.Com
BUSINESS CASH ADVANCE
(Our Business Is Funding Business™)
855.894.6688: Direct
855.817.1231: Facsimile
www.bizzcash.com
info@bizzcash.com
Are You In The Market For Money?!™[/B]
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01-28-2016, 08:56 AM #35
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- May 2015
- Location
- NC
- Posts
- 208
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01-28-2016, 10:30 AM #36
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- Jul 2014
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01-28-2016, 10:56 AM #37
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- May 2015
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Busting their chops? I'm a bank compliance guy, I saw a comment related to compliance, I asked a question about their process and then gave my interpretation of a law. Never accused anyone of wrongdoing and never even addressed you. Then you want to come at me? If you think that's busting chops you've got some thin skin.
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01-28-2016, 11:18 AM #38
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01-28-2016, 11:37 AM #39
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- May 2015
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I'm interested in this industry in general and specifically how lenders manage due diligence legal and compliance issues with brokers. That's why I read this board. When I see a topic that is around those subjects, I may ask a question or provide my personal opinion based on my experience and knowledge. You have over 800 posts in a little over a year and you still haven't figured out how discussion forums work?
Am I free to go, Mr. Forum Officer?
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01-28-2016, 12:02 PM #40
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- Jul 2014
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- 1,746
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01-28-2016, 02:44 PM #41
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01-28-2016, 05:30 PM #42
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03-11-2016, 11:43 AM #43
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
Fun anecdote about LoanMe. My girlfriend told me that she has a loan with them and wanted me to take a look at it. I called and got some information.
Original principal: $3,100
Total Payments made: approximately $2,150
Outstanding principal: $3,076
Ouch...
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03-11-2016, 11:49 AM #44
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03-11-2016, 11:52 AM #45
- Join Date
- Jan 2016
- Posts
- 435
Christian, is that one of loanme's personal loans or business loans?
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03-11-2016, 11:54 AM #46
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- Jul 2014
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03-11-2016, 12:04 PM #47
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- May 2015
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- NC
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- 208
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03-11-2016, 08:15 PM #48
The reviews on this site are brutal
https://www.supermoney.com/reviews/p...l-loans/loanme
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03-11-2016, 08:31 PM #49
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- Jul 2014
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03-13-2016, 07:25 PM #50
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
That was a personal loan. It was a fun anecdote because I say it was, dumb-ass. Cheers
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