877-481-9878

The phone number 1-877-481-9878 is supposedly to a company called Richview Equity. Be careful though. They "approve" online applications for loans.

I applied for a $7,000 loan over the phone and two days later someone from Richview Equity Group called telling me that I was approved.  The terms of the loan was a 7% interest rate for three years and monthly payments would be $215 monthly.  The company wanted me to make the first five payments totaling $1,075.00 in advance and I would not have to make any payments until June of 2010.  I called the BBB and they have complaints about this company.  The website is www.richviewequity.com.  Its a scam.

its called an Advance Fee Loan Scam - THERE IS NO LOAN AT ALL.  They steal your money only - If you send them the first 6 months payment as requested - they will come back and tell you they need more money before they can release the funds.  When you tell them you want to cancel it and request a refund - they will tell you it takes 30 days- but you never see your money again

Federal Trade Commission Website has info on this scam


Advance-Fee Loan Scams: ‘Easy’ Cash Offers Teach Hard Lessons
http://www.ftc.gov/bcp/edu/pubs/consumer/telemarketing/tel16.shtm
Advance-Fee Loan Scams: ‘Easy’ Cash Offers Teach Hard Lessons
Looking for a loan or credit card but don’t think you’ll qualify? Turned down by a bank because of your poor credit history?

You may be tempted by ads and websites that guarantee loans or credit cards, regardless of your credit history. The catch comes when you apply for the loan or credit card and find out you have to pay a fee in advance. According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, that could be a tip-off to a rip-off. If you’re asked to pay a fee for the promise of a loan or credit card, you can count on the fact that you’re dealing with a scam artist. More than likely, you’ll get an application, or a stored value or debit card, instead of the loan or credit card.

The Signs of an Advance-Fee Loan Scam
The FTC says some red flags can tip you off to scam artists’ tricks. For example:

A lender who isn’t interested in your credit history. A lender may offer loans or credit cards for many purposes — for example, so a borrower can start a business or consolidate bill payments. But one who doesn’t care about your credit record should give you cause for concern. Ads that say “Bad credit? No problem” or “We don’t care about your past. You deserve a loan” or “Get money fast” or even “No hassle — guaranteed” often indicate a scam.
Banks and other legitimate lenders generally evaluate creditworthiness and confirm the information in an application before they guarantee firm offers of credit — even to creditworthy consumers.
Fees that are not disclosed clearly or prominently. Scam lenders may say you’ve been approved for a loan, then call or email demanding a fee before you can get the money. Any up-front fee that the lender wants to collect before granting the loan is a cue to walk away, especially if you’re told it’s for “insurance,” “processing,” or just “paperwork.”

Legitimate lenders often charge application, appraisal, or credit report fees. The differences? They disclose their fees clearly and prominently; they take their fees from the amount you borrow; and the fees usually are paid to the lender or broker after the loan is approved.

It’s also a warning sign if a lender says they won’t check your credit history, yet asks for your personal information, such as your Social Security number or bank account number. They may use your information to debit your bank account to pay a fee they’re hiding.
A loan that is offered by phone. It is illegal for companies doing business in the U.S. by phone to promise you a loan and ask you to pay for it before they deliver.
A lender who uses a copy-cat or wanna-be name. Crooks give their companies names that sound like well-known or respected organizations and create websites that look slick. Some scam artists have pretended to be the Better Business Bureau or another reputable organization, and some even produce forged paperwork or pay people to pretend to be references. Always get a company’s phone number from the phone book or directory assistance, and call to check they are who they say they are. Get a physical address, too: a company that advertises a PO Box as its address is one to check out with the appropriate authorities.
A lender who is not registered in your state. Lenders and loan brokers are required to register in the states where they do business. To check registration, call your state Attorney General’s office or your state’s Department of Banking or Financial Regulation. Checking registration does not guarantee that you will be happy with a lender, but it helps weed out the crooks.
A lender who asks you to wire money or pay an individual. Don’t make a payment for a loan or credit card directly to an individual; legitimate lenders don’t ask anyone to do that. In addition, don’t use a wire transfer service or send money orders for a loan. You have little recourse if there’s a problem with a wire transaction, and legitimate lenders don’t pressure their customers to wire funds.

Finally, just because you’ve received a slick promotion, seen an ad for a loan in a prominent place in your neighborhood or in your newspaper, on television or on the Internet, or heard one on the radio, don’t assume it’s a good deal — or even legitimate. Scam artists like to operate on the premise of legitimacy by association, so it’s really important to do your homework.
Finding Low-Cost Help for Credit Problems
If you have debt problems, try to solve them with your creditors as soon as you realize you won’t be able to make your payments. If you can’t resolve the problems yourself or need help to do it, you may want to contact a credit counseling service. Nonprofit organizations in every state counsel and educate people and families on debt problems, budgeting, and using credit wisely. Often, these services are low- or no-cost. Universities, military bases, credit unions, and housing authorities also may offer low- or no-cost credit counseling programs. To learn more about dealing with debt, including how to select a credit counseling service, visit ftc.gov/credit.


Where to Complain
If you think you’ve had an experience with an advance-fee loan scam, report it to the FTC.

The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint or to get free information on consumer issues, visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters consumer complaints into the Consumer Sentinel Network, a secure online database and investigative tool used by hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.

April 2008


Just When You Thought It Was Safe...Advance-Fee Loan "Sharks"
http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt028.shtm
Just When You Thought It Was Safe...Advance-Fee Loan "Sharks"
A different breed of "loan shark" is preying on unwary consumers by taking their money for the promise of a loan, credit card or other extension of credit.

Advertisements and promotions for advance-fee loans "guarantee" or suggest that there's a high likelihood of success that the loan will be awarded, regardless of the applicant's credit history. But, to take advantage of the offer, the consumer first has to pay a fee. And that's the catch: The consumer pays the fee, the scam artist takes off with the money, and the loan never materializes.

Legitimate guaranteed offers of credit do not require payments up front. Legitimate lenders may require consumers to pay application, appraisal or credit report fees, but these fees seldom are required before the lender is identified and the application completed. In addition, the fees generally are paid to the lender, not to the broker or arranger of the "guaranteed" loan.

Legitimate lenders may guarantee firm offers of credit to credit-worthy consumers, but they rarely do this before evaluating a consumer's creditworthiness.

Advertisements for advance-fee loans generally appear in the classified section of daily and weekly newspapers and magazines. Often, the ads feature "900" numbers, which result in charges on your phone bill. Advance-fee loans also are promoted through direct mail and radio and cable TV spots. The appearance of ads in media outlets that you recognize - like your local newspaper or radio station - is no guarantee of the legitimacy of the company behind the ad.

The Federal Trade Commission says you can avoid being bitten by advance-fee loan sharks: Here's how:

Don't pay for a promise. It's illegal for companies doing business by phone to promise you a loan and ask you to pay for it before they deliver.
Ignore any ad - or hang up on any caller - that guarantees a loan in exchange for an advance fee. Legitimate lenders never "guarantee" or say that you will receive a loan before you apply, especially if you have bad credit or no credit record.
Never give your credit card or bank account numbers, or Social Security Number, over the telephone unless you are familiar with the company and know why the information is necessary.
The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint or to get free information on consumer issues, visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters consumer complaints into the Consumer Sentinel Network, a secure online database and investigative tool used by hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.

May 2000

Glad that this dite popped up when I did a search on google, for rich view equity group, Brad Jennings called my house and left me a message saying he may be able to help me get my business loan approved for 60,000. I have called him 2 times and no return call.

This company called me and I fell for it and sent the money without calling the BBB and checking them out.You can call this numberand they will answer even after stealing your money.The Canadian Law Enforcemnet said their is really nothing they can do to catch these guys and I would never get my money back.When I confronted him on the phone he just laughed at me stay away fron Riverview Equity

Did you recieve your refund?

The same thing just happened to me as well.  I sent them the first 5 months of monthly payments to secure the loan.  I guess that is my bad for not researching.  I will give and update if i recieved my Check back for my refund on the 23rd supposely the are mailing it tommorrow the 18th.  Im praying they do if not life moves on.  But they will have their day trust me and it won't be pretty. :)

well i am so glad i typed in richview equity group before i sent them the 900.00. I got to thinking you shouldnt have to send money to get money how silly.Thanks for posting this...i asked them if they were a member of the better business bureau and they told me no...that was strange to me.The only thing is they do have my personal info.but i guess i need to keep a tight watch on my account. thanks for this tip

well hun i hope you get it back. they said they approved me for a $5,000 note but i had to send 900.00 and wouldnt have to make no pmt till april,i thought about this and thought why would i send someone money to borrow money? make no sence so i typed in richview equity and saw this, thank God i did...I pray that you get your money back...

I applied on line for a loan for 500.00 and i got a call from a Mr. Richardson telling me that they only do loans for 5,000 or more and i might be able to get the 5,000 and when i called him back he told me i needed to talk to another man which i cant remember his name...but i did talk to him and he said i had been approved for 5,000 but i needed to send them 900.00 and no pmt till april would be due, i asked if they were a member of the better business bureau and they said no,,i thought why would you send money to get money so i typed in richview equity and saw this is all a scam. OH my Gosh i am so glad i used my head and not my needs.But something needs to be done to STOP this.

Since this has happened to so many of us I am curious why cant they be caught.They Have a website and a working phone number.It seem's their would be some way to trace where they are and find them.They are their everyday answering the phone I mean I talked to the man after he stole my money it just doesnt make sense that they could not be caught by the authorities.

They told me that I was approved for a $35,000.00 loan. All I had to do was send in the first two months payments making it $820.00 via Western Union to a Carol Evans from Mississauqa Ontario Canada and they would send me the money. They told me they would call back with a username and password so that I could make payments. They are supposed to call Monday December 21 2009. I sent the money out on Friday December 18 2009. I sent the money out on the way to my grandmothers funeral.

I sent in $3060 for a loan of $15,000 that should be in my account on Monday.  I have the signed contract with an address in Sioux Falls, SD.  If this is, in fact a scam, can't we do something to have them taken down at their South Dakota office?

does anyone have the address to this place,,,all i can find is a phone number

Their is no SD office that  address is actually a federal building in Sioux Fall,s.You money is gone as is mine their has to be some way to trace these clowns that are stealing all of our money.

I have had the same scam happen to me.  I am out 800 bucks.  Sent them the money last week, said I would get a refund on the 24 of Dec.  My agents name was Kenith Greenshaw, The customer service rep was Glen Maple.  After I sent the money they said they had to reassess the file and I would have to pay 800 more.  Could not do that, then saw all of this on this website.  Anyone wanna take a trip to South Dakota.  Address I have for them is 230 s Phillips Ave, Sioux Fall, SD, 57104.  Merry Christmas I guess

They are not in SD and they are doing this based out of Canada.Go to the wesite Phonebusters which is part of the Canadian Police and report this to them.I did and I was told that only 5% of the people this happens to reports it.Their has to be someway to catch these guy's.

They almost got me until I looked at these reportings from ya'll. I was approved for 5,000 dollars. I was supposed to send 775.00 today which is 23rd of december. Something told me to look at reviews. Something needs to the done about this.

what name do you send the monet too.Cant they trace by western union account?

I just talked to David ext.246. I played like i wanted the loan still and that I was at western union. He told me to send the money to Heather Anderson Toronto,Ontario Canda. Then i hung up the phone and called right back. Can anyone track the people he's using to receive payments?