Washington State Department of Financial Institutions

Consumer Alert

The Second Chance Lending Group – Not Located in Washington

September 7, 2007

The company advertises on the Internet, stating that it can provides home mortgage, refinance, debt consolidation, and home equity loans. The consumer is asked to wire an upfront or insurance fee to the company via Western Union prior to obtaining a loan. The company may also ask for copies of identification, such as a Driver’s License, Birth Certificate, or proof of address, such as a utility bill. This appears to be another advance fee loan scam.

The website lists Second Chance Lending Group’s address at 230 Dean Drive Tenafly, NJ. However, the United States Postal Service has returned all mail delivered to that address as being either insufficient address, no such number/street or not deliverable as addressed-unable to forward. As far as we can tell, Second Chance Lending Group has no office in the State of Washington. The company is not licensed by the Department of Financial Institutions and is not listed with the Washington Secretary of State or the Departments of Licensing, Revenue or Labor and Industries to do business in Washington.

Victims should report their experiences to the Internet Fraud Complaint Center at www.ic3.gov.

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