866-403-6662

Avenue Financial Group

I recieved a call from Matthew Price stating that he has approved me for a loan for $5000, which I did request through Lending Tree. He then gave me the loan details that the loan was for 36 months paying back at 151.94 a month. And of course, this is where it got fishy. He then told me that this is a secure loan, but instead of the usual collateral like a car or house, he would simply take the first 6 months of payments ($911.64)as collateral, and that once I sent this "flat payment" in, that I would recieve my loan in full within 24 hours. I told him to go ahead and fax me the papers and i would review them.

It was then that I decided to look up their name on the web. He told me that he represented Avenue Financial Group. I looked everywhere on the web and could not find anything on them. I then did a search on "collateral loans" and found out that this type of loan is a scam. The BBB states that no loan company can ask or recieve money until their service (giving you the loan) is rendered.

I just wanted to get the name out of this scam company since i was unable to find them on the internet.

Avenue Financial Group
Matt Price
Tel: 1-866-403-6662
xt. 274

Fax: 516-977-1030

595 Stewart Ave.
Garden City, NY
11530

Everyone on here should fax them some fun pictures!

I hope this helps someone out....

Also, here is their website address that was on the fax they sent me.

www.avenuefinancial.net

I really hope this saves people thousands of dollars that could have been potentially lost!

I was also contacted my this company (Avenue Financial Group). Was told I was approved for a $5000 loan, but would have to make the first 6 months payments up front in order to receive it. When I offered to use my property in California to secure the loan, I was told I would not want to use that to secure such a small loan. I figured it was a scam ... THANKS for comfirming it!

Loan fraud warning signs:

Be especially wary of unsolicited calls, e-mails or letters offering you a loan.
Requests for money to be sent in advance to cover "processing", "application", "insurance", or the "first month's payment" are a red flag of loan scams. Legitimate lenders ask for these things to be paid before a loan is disbursed.
Once you fall for a loan scam, the greedy thieves may ask for even more money by telling that the original amount was erroneous, insufficient upon a second look at your credit, or that you will need to send payment for a second company to complete the loan process.
Requests that you "wire" or "send" money, as soon as possible to a large U.S. city or to another country, such as Canada, England, or Nigeria, by Western Union, Moneygram, or similar means.
Read the loan scam stories sent in from our visitors.


Phone Numbers: Contrary to popular belief, the lack of a listed phone number on a website is NOT a warning sign of fraud. In fact, scammers use toll-free numbers all the time. Many legitimate websites operate without published phone numbers for a variety of reasons, including limited human resources. Further, scammers will often create a temporary website AND use a valid (often toll-free) phone number (see our loan stories). Therefore, do not use the existence of a published phone number as an indicator of authenticity.***

Some examples of Toll-Free Numbers associated with loan scams reported to us:

866-904-4719
866-909-1527
866-850-8031
866-323-3778
866-437-4927
866-236-7309
866-503-4942
888-233-4610
And many, many, many more. With these scams, you never know who you are really talking to or where you are really calling. Report others. Again, as we stated above and restate here: do not use the existence of a published phone number as an indicator of authenticity, and do not use the lack of a published number as an indication of fraud. Use your common sense, and simply do not send anyone money up front for a loan.


If you have been scammed? Report It to:

The FTC
The FBI
PhoneBusters (to report the toll-free numbers being used in Canada)
Your local police (but don't automatically assume the company name and address on your documents are legitimate. Remember, the scammers use fake addresses, those of REAL companies, or random residential addresses far away, in order to hide their operation)
Political representatives

thanks you saved ud 1000s.

Thank you for the "heads up" on this company.  I was contacted with the company using a local number, which I was never able to reach them at. I then called the 8664036662 number that was left on my voice-mail and, not to my complete surprise, a Mr. Alan Reeves gave me the exact financial numbers that are listed in your message ($911.64/down, 5000 for 36 months at 6%, %151.94/month payback).  I was very skeptical when they said that the company would only accept a cashiers check or money order for the payment.

I became very cautious when they told me that they do not accept any collateral other than cash.  I also was surprised to find out that I had been approved for a loan WITHOUT giving them my social security number or having them run a credit check.

I only hope that someone finds these people and shuts them down before they scam someone else.

I also received a call from a lady name Helen Richardson stating that I had been approved for a 10,000 loan and needed to send the first 9 months payment upfront.  I didn't send her the money I just didn't call her back but she gave me the money gram information for a lady name Sandra Brown in Canada (my so called private lender) which she could not disclose due to confidentiality agreement.  

Avenue Financial Services
Helen Richardson
1-866-403-6662 ext. 682

I am in texas and i am glad i fornd this because i had the same call from a one matt price with all the info from above and i have even got the fax from them for the loan and was going to do this to help with a great christmas for my kids and even got my wife to get with him and do a laon as well so this just saved our christmas trust me this will be reported to the FBI for sure thanks out there

Thank you for letting everyone know about this place I just got a call also, my brother was just ripped off from a place like this, so please be aware, and don't give money to any group, it is an illegal act to ask for money upfront like that until services are rendered

i was told the same thing about approval for 5000.00 but needed to send 911.00 as collateral. got papers faxed but no lender listed. so they're not gettin a dime from me. also no truth in lending agreement.

iwas scammed for 1734 from avenue financial. i was desperate to secure a small loan because my credit is in the toilet and no one would lend me any money.  i thought they were legit but i guess not.  i wish i found this site before i sent money.

idon't know how they live with themselves doing this to people.  my husband is disabled and i am the only support.  i also have my 2 grandsons ages 5 and 12.  how are you supposed to tell them there will be nothing under the tree this year because of your grandmother's stupidity to try and get a little ahead.

also there is another 2

johnson and baker financial services
866-798-0024
oneta lending group
866-463-6662

these places also ask for money in advance.  at least they did not get me

i didn't know they were a scam and i got it good.  hope no one else does.  is there any way to stop them or get your money back

To anyone who was a stupid as I was to fall for this and actually sent money I advice you to contact www.ftc.gov and file a complaint.  I was told that if they get several calls pertaining to Avenue Financial Group that they will conduct an investigation.  I don't know that we will ever get our money  back but we can at least stop this one company from hurting anyone else.

contact www.ftc.gov and file a complaint

I just got scammed by this company too. Wish I would have found this site before sending the money. I was scammed $964 and they called me today and told me that they couldn't secure the loan because of a re-assesment and needed another 8 months of payment. It appeared legit up front. I am a single mom needing to pay off some medical bills...now I am in worse shape.

Received this call today and because of previously being scammed in the past googled the phone number and found that also it is a scam.. I was told I was approved for 5000 @ 6% and 221.44 for 24 months.. I would have to put 4 month collateral down...Knew it was too good to be TRUE..

I receivded a call from the 866-403-6662 number from a Mark Davis who claimed I qualified for a 15000 loan at 6% intrest rate.  It was suspcious bec at one point my other phone rang and he got nervouse like he was being recorded.  Also when he called me back he called from a cell phone bec we got disconnect I am very happ for sites like this or I may have fell victim to this scam as well

I was told by Ethan Hunt of Avenue Financial Group that I could have a personal loan of $10,000.00 if I sent in $1000 first.  He didn't even ask me any questions, just that I was approved.  Total scam glad I didn't do it.