First Investors Financial Services is reminding consumers to be
aware of advance fee loan scams. In these scams, the consumer is often
told that the loan is “guaranteed” or “no credit check” is required but an
advance fee is required. Many of the individuals and companies operating
this scam do business over the internet or telephone. Sometimes the individual
or company may claim to be calling from or on behalf of a legitimate company and
may even disguise their caller identification or e-mail to appear to be from the
legitimate company. Unfortunately, it appears that some callers may
be using our name.
We want to assure you that these calls are not being
made by us or anyone affiliated with us. First Investors Financial Services does not guarantee loan approval and will never ask for or require an
up-front fee. Any fees charged by us will be disclosed to you and only
paid at the time of funding after
the loan application is approved.
If someone contacts you claiming to be from First Investors Financial Services or calling on behalf of First Investors Financial Services and
requests an upfront fee, please call us or notify us via e-mail at
Remember, you should never pay for the promise of a loan. While legitimate
lenders may charge you a loan fee, the loan fee is generally included in the
amount borrowed. Legitimate loan or credit offers do not require an up-front
payment and do not guarantee loan approval. For more information, please
click on the following link:
Also, please be aware of loan modification companies who claim that they
can modify your account with us. First Investors does not maintain
relationships with loan modification companies. These companies often falsely
promise financially distressed consumers that that they are able to reduce their
loan payments or interest rate. These companies also often charge up-front fees
for their services.
If you are experiencing financial difficulties, please
contact First Investors directly to discuss your specific situation to see what
options may exist.
Never pay a loan modification company for the purpose of
modifying your account with First Investors and never believe them if they tell
you that they have a relationship with us or guarantee results.