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csemsey · Posted: Tue Aug 23, 2005 12:24 pm

I have done an internet search that led me to Allied Mutual Brokers. I have not been contacted by these people other than an email stating that they had received my application. Due to the Prime Time Lending scam - I am WAY skeptic of anything. But I have done some checking, i.e., their ip address and whatnot. But I was wondering if before I continue if anyone else has heard and/or done business with them before? Thanks.

Posted: Tue Aug 23, 2005 1:52 pm

Hi csemsey

You can do an online research about the said company. Before finalizing the company, you should check its rating in the BBB and see if it has good standing in the market.

csemsey · Posted: Tue Aug 23, 2005 1:56 pm

I couldn't find anything on BBC? I'm going to wait and see. Thank you for your response.

Posted: Tue Aug 23, 2005 2:04 pm

Did you check in BBC? If yes, please check in Better Business Bureau.

steelmagnolia · Posted: Wed Aug 31, 2005 10:37 am

I have been contacted by Allied Mutual Brokers. They are a firm that does secured loans. Secured by collateral,i.e co-signers with AAA credit and/or $50k/yr income or more; homeownership or an insurance policy. I have not done businesss with them, I am doing my "due diligence" on their validity.

luckye · Posted: Wed Aug 31, 2005 10:04 pm

hey i myself got a all from them as well and she told me that i was approved, but i needed a co-signer or pay money for insurance. Because i was an high risk because of my credit history. So are they legit or what??

mtmltg · Posted: Thu Sep 01, 2005 5:57 am

I did an internet search and found this company they were very helpful. I applied for a $20,000.00 loan to start my business but due to my credit history I was only approved for $10,000.00 I found them to be quite understanding and would recommend them.

jpm · Posted: Thu Sep 01, 2005 11:30 am

Is this company legit or what?

luckye · Posted: Thu Sep 01, 2005 2:56 pm

So mtmltg did you receive your loan from them yet?? i have to pay 998 insurance fee before i got mines. Just because they said i was high risk, but i need the money and i would pay that much than what i'm getting. I just want to know if they are legit!!

Posted: Thu Sep 01, 2005 3:23 pm

I found that Allied mutual is not a member of BBB, but they don't have any consumer complaints against them in a span of 3 years.

lanmeg · Posted: Fri Sep 02, 2005 4:07 am

Has anyone officialy done business with them? If you pay the insurance, do you really get the loan?

1998 · Posted: Fri Sep 02, 2005 11:35 am

I just wanted to say to anyone out their trying to get a loan from this company that when a company ask for money for an insurance policy they are not legit!!! The reason I know is because me and my husband were scammed out of 2100 dollars to pay for insurance to get a 20000 loan they took our money and disappeared it was just a loan scam. Please dont make the mistake I did. They prey on desparate people I know because I was one. I have also talked to bank representatives who say a legitimate loan company will not ask for any advance fees! There is no insurance it is a scam! God Bless and give you wisdom

2000 · Posted: Fri Sep 02, 2005 4:52 pm

I emailed the BBB and gave them the info I had on the company. They emailed me back and said that they went to the building the claimed to be at and found out there was no allied mutual broker company any where in the building. They also said the have tried to reach them by phone and email and they won't return either of them. They told me that they firmly believe that the are a scam!!!!!!!

Posted: Fri Sep 02, 2005 5:00 pm

Thanks for this update. A lot of us will save ourselves from falling in the wrong hands.

csrush · Posted: Sat Sep 03, 2005 8:46 am

I checked the BBB and now there is a report, but does not state anything about them except that they have been in good standing in the past three years. I have also found another address for them. I am in the process of checking it out.

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