Valley Financial Loan Co - Advance Fee Scam

Date Posted: 
Tuesday, October 20, 2009

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.

Valley Financial Loan Co may be conducting an advance fee loan scam. Valley Financial Loan Co has listed addresses of:

24 Great Eastern Highway
Kapowsin, WA 98344


143 Garside Street
Clovis. NM. 88101

These addresses do not appear to be valid.

Valley Financial Loan Co has listed telephone and fax numbers of:

Phone: (206) 202-3183
Phone: (206) 984-4666
Fax: (206) 666-6194
Fax: (206) 666-6194

Neither the Washington State Department of Revenue nor the Office of the Secretary of State shows that Valley Financial Loan Co is authorized to do business in Washington. The company is not licensed by the Department of Financial Institutions.

How The Potential Scam Works

  • Valley Financial Loan Co advertises by sending unsolicited email to consumers. The emails appear to be from a “Dr. Michael Blair.” The emails offer secured and unsecured loans to individuals and businesses at 3% interest rates
  • In a typical advance fee scam, consumers apply for a loan
  • In a typical advance fee scam, consumers are advised that they have been approved for a loan and must send a payment to Valley Financial Loan Co as “collateral” for the loan and that after funds are received Valley Financial Loan Co will provide the loan funds
  • Once consumers send the money no loan is ever made

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 (382-4357), or online at Also, victims should report their experiences to the Internet Crime Complaint Center at