• Report: #286685

Complaint Review: The Loans Consultants, International Loan Consultants Inc.

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  • Submitted: Sunday, November 25, 2007
  • Last Posting: Friday, November 27, 2009
  • Reported By: — vancouver British Columbia
The Loans Consultants, International Loan Consultants Inc.
4201 Wilshire Boulevard, Los Angeles Califonia 90010 Los Angeles, Toronto, Vancouver California, Canada 90010' U.S.A.

The Loans Consultants - The Loan Consultants, AKA International Loan Consultants Inc. Big Ripoff, Scam. Told me that it was my fault for trusting them and not duing my due deligence for getting ripped off. Los Angeles, California, Toronto, Vancouver Canada

*General Comment: kirby burnett


1Author 16Consumer 1Employee/Owner

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Advertised as "The Fastest Growing Business in Canada" . I called the 800 # to talk to a Dvid Staley in Toronto who assured me that This is one of the best business opportunities out there and that I would have to qualify to be in it. He sends me brochures, CDs etc.. which all sounded great. I was then contacted by a Kirby Burnett who told me that I qualify and what a great job that I would be doing. Everytime I ask him a question, he would say that they couldn't reveal all the secrets of the coarse but once I paid the $13250 and take the 2 days coarse, I would get very satisfactory answers to all my questions. To my surprize and disappointment, the coarse was a total deception , lies and a waste of time. Out of 8 potential ways to earn huge commissions from the lenders, only two of them that I would get very small commissions from the lenders and the rest I would have to negotiate the fee with the borrower.

After expressing my disappointment To Staley and Brunett, I was told that I should have done my due deligence before I signed up with them. I told Burnett that one of the questions I asked him bluntly was if I could be involved in arranging financing for real estate deals and he told me that those type of deals fall under the "Asset Based Loans" and that it is part of what I will be doing . Only to find out that I would have to become a liscenced broker before I can get involved in such a deal.

This company is all about lies, deception, they have offices that don't exist. Their president Stehen Weeks doesn't even answer letters or e-mails.

They are professional scammers. I would very much love to take this company to court collectively.

Salem
vancouver, British Columbia
Canada

This report was posted on Ripoff Report on 11/25/2007 10:35:03 PM and is a permanent record located here: http://www.ripoffreport.com/business-consulting/the-loans-consultant/the-loans-consultants-the-lo-4p96c.htm.

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REBUTTALS & REPLIES:
1Author 16Consumer 1Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

I am a customer of International Loan Consultants and everything has worked out okay.

AUTHOR: David In Moncton, Nb - Moncton (Canada)

SUBMITTED: Wednesday, December 12, 2007

I took the ILC course in Toronto in March of 2006. Upon returning home to Moncton, NB, I established my business, Advantage Liquidity Partners Ltd.

For the first 8 months I worked as a loan consultant part-time. In Dec 2006 I sold my other company and started full time as a loan consultant.

In June of 2007 I moved into a rented office. My business is growing all the time.

I was told that my fee would cover the following:
1. Operations manual
2. A 2-day training seminar
3. Unlimited telephone support.

I have received all of this, as promised, and do not have to pay any residual fees like a franchise.

This business is not for everyone. You have to be outgoing, disciplined and willing to talk intelligently with clients. I have helped out over 60 customers since I started. Most of these people would not have gotten any financing without my help. My first big commission cheque was for $9,600. I was so impressed, I mailed in a copy to my trainer from the 2 day seminar. I continue to receive residual payments from some of the factoring deals that I have set up. My affiliation with ILC got me a bigger than normal commission split with a lease clearing house that I use for my equipment leases.

This program is for real. You have to want to work independently and you have to not be afraid of talking to clients. Almost all of my clients pay me fees for my service, just like any consultant. One other post mentioned that he needed a license to do commercial mortgages. I was told about this requirement even though it does not affect me here in New Brunswick.

Over the past year, I have been contacted by dozens of people looking into this business opportunity. Many have found me via my website, one of them mentioned the posts here and I wanted to reply. Most of these people have proceeded with the training and NONE have contacted me to say that my comments were in error. Lots of people take this training and the fact that only one person has posted a complaint should tell you something.

David Barnett
Advantage Liquidity Partners Ltd.
Moncton, NB
www.alpatlantic.com
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#2 Consumer Suggestion

WARNING---go to your local bank and expose this offer to someone at your branch-------

AUTHOR: Art - Windsor (Canada)

SUBMITTED: Thursday, December 20, 2007

Why trust anyone at this web site ?? Go to your local bank and show them the ad. Ask to talk to a commercial lender. Dont give your money to this Co. You need to ask people in the trade. Find a commercial agent in your area and offer him $100.00 for a half hour of his time. You wont believe the world you are about to get involved in. This is a SCAM........WARNING SCAM...SCAM....SCAM.
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#3 Consumer Comment

Get Real

AUTHOR: Jack - Miami (U.S.A.)

SUBMITTED: Tuesday, July 08, 2008

This is a complete rip-off, they are asking almost 15,000 dollars, for something you can do yourself......They R a scam......Don't spend your money......They used to have a company in Great Britain which got closed down, their Canadain office is about to close, and I think this whole company is on its last leg!
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#4 Consumer Suggestion

The major ripoff

AUTHOR: Bbb - San Mateo (U.S.A.)

SUBMITTED: Tuesday, January 06, 2009

The Loan Consultants are a major ripoff. A lot of promises and misrepresentations and after they got your money, they have nothing to offer you. They relay the name of a couple of lenders they got off a search engine and as far as getting clients and marketing support, forget it. A couple of letters a 16 year old put together. Folks you will need budget for advertising and office. You will need around $100,000 to get started. And good luck, with no experience and the Loan Consultants quiet as can be along with no lenders with favorable terms. you are done. Like me
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#5 Consumer Comment

Stay away from these people

AUTHOR: eelino74 - Knoxville (USA)

SUBMITTED: Friday, October 23, 2009

These people stop at nothing to get your money. I paid out $364.50 over a 7 day period (without my knowledge or consent) to them, when they were just supposed to AUTHORIZE my credit card for $9.99. I didn't realize until later that they had actually been charging me and completely overdrafted my bank account. After contacting them, I was told that they did not have any information on file with me and that I must "be thinking of a different company"... I have PROOF that I had correspondence with them, this is SO frustrating....<META NAME='ROBOTS' CONTENT='NOINDEX,NOARCHIVE'/>
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#6 Consumer Comment

They charge you for something you can do yourself

AUTHOR: Bridgette - (Canada)

SUBMITTED: Saturday, October 24, 2009

If you know how to use the internet (and being that you're reading this, you probably do) then there is NO reason to pay these scammers anything. They merely search google and popular loan related sites and provide you with that information, the major difference being that it costs you about $2000 per hour for their "hard work" - total rip off, they also won't refund your money under ANY circumstance, that says something about the company in itself. I am still fighting this, as they owe me $4509.99 and refuse to answer any of my telephone calls or emails. Ridiculous and unprofessional, consider yourself warned.
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#7 Consumer Comment

On The Loan Consultants company of Los Angeles, USA

AUTHOR: schaaff - Miami (United States of America)

SUBMITTED: Tuesday, November 03, 2009

To whom this may be of interest,


I just read a lot of crap here, by some "knowledgeable" people, on a company called The Loan Consultans (TLC), located in Los Angeles, California, USA.


To begin with, let me just say that a very close buddy of mine happens to be an affiliate with TLC, since more than 10 years ago.


Just to set the record straight: "affiliate" means that he has some sort of free-to-operate franchise for this particular business. He is not an employee of TLC.


He acquired this franchise by paying his way to it to TLC, training and no-time-limited support included.


This friend of mine is a european, and he conducts business transactions for his clients, thru the TLC financig system.


He operates out in the New England area, in the U.S. This area has very large towns, like New York city, and Boston.


I witnessed how some of his clients congratulated my buddy for the good job he did in securing hard-to-get business financing for their companies.


Also, less than a month ago (in October 2009) I did some extensive, track-record checking on TLC, thru the FBI Los Angeles office, the Los Angeles Better Business Bureau district office, and the Greater Los Angeles Chamber of Commerce. In all cases, TLC turned out completely clean, also its bosses.


In short, TLC is not a scamming outfit, nor are its executives; at least, as of November 3, 2009.


To end, I guess (as it always happens in life) people bitching here about TLC are either bitter about it (for a number of personal reasons) or have no idea of what they are saying, because they have not done, previously, their field work, as far as checking is concerned.


It is always easier (and unethical) to grossly exaggerate your views about what you don´t like, or don´t feel comfortable with, or unknow.


Likewise, it is very easy (and cost no money) destroying the hard-earned, time-honored reputation of anybody, out of writing, or saying, lotta crap.


Thanks for having read this view.


Schaaff,


Miami, Florida, USA 



 


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#8 Consumer Comment

not so bad

AUTHOR: johndub - (USA)

SUBMITTED: Wednesday, November 04, 2009

these guys are actually legit. worked great for me.



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#9 Consumer Comment

Gentlemen

AUTHOR: paintra1n - (USA)

SUBMITTED: Wednesday, November 04, 2009

let's just talk this out.

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#10 Consumer Comment

defamation

AUTHOR: LuseeLu - (USA)

SUBMITTED: Wednesday, November 11, 2009

THIS REPORT IS MISLEADING!!!


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#11 Consumer Comment

Kirby Burnett

AUTHOR: CheechyChong - (United States of America)

SUBMITTED: Thursday, November 12, 2009

Worked with him many times and he is not a scammer!
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#12 Consumer Comment

happened to me!

AUTHOR: Juggs 23 - (Canada)

SUBMITTED: Sunday, November 15, 2009

Ripped off the same way as these other people!! deceit and lies!



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#13 Consumer Comment

try this

AUTHOR: LuseeLu - (USA)

SUBMITTED: Tuesday, November 17, 2009

im just testing this.

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#14 Employee

From canada

AUTHOR: PWNthis - (USA)

SUBMITTED: Wednesday, November 18, 2009

This exact same has happened to me. I am very suspicious of this company and am skeptical of using them in the future.



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#15 Consumer Comment

listen, these guys are legit!!! these guys treat you right and give you the training that you need in this line of work! valuable and worth it!!!!!!

AUTHOR: HateDemAggies - (USA)

SUBMITTED: Monday, November 23, 2009

The Loan Consultants gave me the training and social base that I needed to succeed in this line of work. They seem pricey only because this line of work is high-income and the training is very valuable. Worth the chance to make a lot of money!

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#16 Consumer Comment

great use of my money

AUTHOR: PimpinAintEZ - (USA)

SUBMITTED: Monday, November 23, 2009

The Loan Consultants were a great investment for my money. This company is not all about lies and deceit; maybe some people had a bad experience with them, but that happens with every company out there. you cant please every customer. these guys are good so im sure that they made it right.

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#17 Consumer Comment

Kirby Burnett

AUTHOR: Jack - Miami (U.S.A.)

SUBMITTED: Friday, November 27, 2009

I dont know if he still works there, but if you google his name he def. has been accused of unethical practices....He worked for a vending company that oversold and under delivered on its promises....this comes from channel two Pitt, PA/.....where they did an investigative report on his company....now, if they hire him to work there.....and he is that type of salesperson....what should one think of the company as a whole?  I also read that someone in FL, did some research and gave them a clean bill of health,,,,thats cool but remember it took a long time for Gary Madoff to be caught and he was a much bigger fish.....
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