Camilo Concha and his band of crooks is at it again, under the new name LOAN CLUB USA. First, this is a complete rip off from the very successful Lending Club. They lie on their site stating the company has been around for 6 years and have successfully orginated loans that provide returns.
Other companies you may be familiar of are the folllowing:
mymedicalloan.com
medicalfinancing.com
petloans.com
consumeracceptancecorp.com
This business owner has fraduently held money from MERCHANTS, overcharged BORROWERS (so much they have had to pay many fines) and have extremely messy and unprofessional business practices.
The new business is geared towards copying the peer to peer lending space and is trying to solicit INVESTORS to put money towards the loans the company originates.
DO NOT PUT YOUR MONEY INTO THIS FUND. They are not credible, do not follow regulations and have NO PROOF of providing returns. Look at the website, www.loanclubusa.com this has ponzi scheme written all over it. Please, turn away now before you make any mistakes.
Here are some other complaints about Camilo's companies:
The man behind this company is a COMPLETE FRAUD! I have worked with Camilo Concha in the past and his companies fraudulently stole 100's of thousands of dollars from individuals, merchants, and banks. He started this company due to the fact that his other consumer finance companies have terrible reviews online, and people have figured him out! In fact, even the state of New York kicked Camilo out!
Don't you think he would place himself on this website if he was a legitimate character? You can't find any REAL details about this company online, and it has PONZI SCHEME written all over it. I feel really, really bad for the people who elect to put there hard earned money into Loan Club USA. This is a fraudulent company and people should instead go to lendingclub.com to receive the same opportunity but from a proven company.
LoanClubUSA, Inc. Reviews
Camilo Concha and his band of crooks is at it again, under the new name LOAN CLUB USA. First, this is a complete rip off from the very successful Lending Club. They lie on their site stating the company has been around for 6 years and have successfully orginated loans that provide returns.
Other companies you may be familiar of are the folllowing:
mymedicalloan.com
medicalfinancing.com
petloans.com
consumeracceptancecorp.com
This business owner has fraduently held money from MERCHANTS, overcharged BORROWERS (so much they have had to pay many fines) and have extremely messy and unprofessional business practices.
The new business is geared towards copying the peer to peer lending space and is trying to solicit INVESTORS to put money towards the loans the company originates.
DO NOT PUT YOUR MONEY INTO THIS FUND. They are not credible, do not follow regulations and have NO PROOF of providing returns. Look at the website, www.loanclubusa.com this has ponzi scheme written all over it. Please, turn away now before you make any mistakes.
Here are some other complaints about Camilo's companies:
The man behind this company is a COMPLETE FRAUD! I have worked with Camilo Concha in the past and his companies fraudulently stole 100's of thousands of dollars from individuals, merchants, and banks. He started this company due to the fact that his other consumer finance companies have terrible reviews online, and people have figured him out! In fact, even the state of New York kicked Camilo out!
Don't you think he would place himself on this website if he was a legitimate character? You can't find any REAL details about this company online, and it has PONZI SCHEME written all over it. I feel really, really bad for the people who elect to put there hard earned money into Loan Club USA. This is a fraudulent company and people should instead go to lendingclub.com to receive the same opportunity but from a proven company.