There may be legitimate, licensed companies with names that are the same or similar to Reliance Lending Group.
The Washington State Department of Financial Institutions is warning consumers to verify the license of any lending professional they are considering doing business with to avoid becoming victims of potential scams.
Reliance Lending Group may be conducting an advance fee loan scam. They have a listed address of:
212 Wells Ave S., Suite A
Renton, WA 98057
This address does not appear to be a valid for Reliance Lending Group.
Reliance Lending Group has listed a telephone number of (888) 284-3455.
Neither the Washington State Department of Revenue nor the Office of the Secretary of State shows that Reliance Lending Group is authorized to do business in Washington. The company is not licensed by the Department of Financial Institutions.
How the Potential Scam Works
- Reliance Lending Group advertises personal loans
- Consumers apply for a loan
- Consumers are advised that they have been approved for a loan and must send funds to Reliance Lending Group as a deposit for the loan and that after funds are received Reliance Lending Group will provide the loan
- Once a consumer sends the money, no loan is provided
If You Feel You're A Victim
If you feel you have been a victim of a potential advance fee loan scam, please contact the Federal Trade Commission at 1-877-FTC HELP, or online at www.ftc.gov. Also, victims should report their experiences to the Internet Crime Complaint Center at www.ic3.gov.