Loan Advance Fees Click here to return to Consumer Resource Center home. The OCC has a division that protects consumers from unlawful trade practices, and it has filed a complaint in court against Infinity Resources Group, on behalf of the District of Columbia.
Infinity offers to assist consumers who seek to obtain debt consolidation loans.
According to the District, many of Infinity's customers have been referred to it by AmeriDebt, Inc., a consumer credit counseling firm based in Germantown, Maryland. A few months ago this column discussed Credit Repair Rip Offs including many different ways that unscrupulous companies will try to take advantage of consumers' financial difficulties. These companies may charge hundreds of dollars promising a loan for you even if you have no credit, or bad credit. In the end you may not get a loan, or a loan may be offered to you at exorbitant interest rates. It's one thing to pay money as part of the loan approval process.