Benchmark Financial Loans (benchmarkfinancialloans.com)
Is Benchmark Financial Loans Fake or Real?
Why is Benchmark Financial Loans Fake?
Benchmarkfinancialloans.com is supposedly the website of a company named Benchmark Financial Loans located in Canada. The website claims that the lender has a ‘high approval rate’ for loans exceeding CA$10,000 even to people with bad credit scores. This is too good to be true and lenders offering such loans are usually predatory or simply frauds.
A domain name lookup of the website shows that it was registered on 6th February 2022. The registrant’s details such as name, location and contact details have been hidden using a paid service. Therefore, it is a new website that is being operated anonymously.
The overall quality of the website is quite poor as it contains hard-to-read text and pixellated images. This shows that the website was created by amateurs on a low budget. The About Us page of the website contains the following text:
MORE THAN JUST A SERVICE PROVIDER. WE’RE YOUR PARTNER.
For individuals: When it comes to financing, we go beyond. We don’t just look at the numbers, we build long, sustainable relationships with our clients. Our customer first approach is the reason that keeps customers coming back.
For businesses: We see ourselves as your business partners. Whether you need a commercial mortgage for a new land purchase or a small cash advance to facilitate your cash-flow requirements, we’re Canada’s go-to financial service network.
WE KNOW WHAT IT TAKES.
Banks don’t see you for who you are, they work for profits and treat you like a trading commodity. We know what it takes to make our clients happy and that’s why we guarantee VIP service for all our applicants. Forget appointments and inflexible banking schedules; we’re always available and ready to assist you.
WE GET THE JOB DONE.
There’s a reason our clients keep coming back. We have the best customer service in the nation, the best reputation and fastest turn-over time. Why go anywhere else?
WE HAVE ALL THE ADVANTAGES.
Volume, expertise, customer service, a broad range of lending partners and unparalleled relationships: the 5 requirements for the highest application approval rates all leveraged just for you.
We operate in every province including British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and the maritime provinces including Nova Scotia, New Brunswick, Newfoundland and P.E.I. This includes major cities such as Toronto, Montreal, Vancouver, Calgary, Edmonton, Victoria and smaller cities as well.
I found that this text has been copied and another website Union State Funding (unionstatefund.com), which is likely to be a scam too, is using the same content. Additionally, I found threads on ScamWarners.com going as far back as 2017 regarding 90+ other websites (now defunct) which were also using the same content. I have a strong suspicion that there are numerous clone websites of Benchmark Financial Loans currently active that have deliberately been hidden from the public to avoid the scam from being exposed.
Benchmark Financial Loans’ website contains no real information about the company or the people running it. I did not find any social media presence. The Contact Us page of benchmarkfinancialloans.com contains the address of a random office space in Ontario, Canada. The only other contact method provided is the email ID ‘email@example.com’.
I could not find any reviews for Benchmark Financial Loans online. If you would like to share your review of this lender, you can do so in the comments section or on my social media pages.
*Update* One of the victims of these fraudsters who lost thousands of dollars to this scam reached out to me to share their harrowing experience:
Tried getting a loan online from benchmark financial loans
380 Wellington St,Tower B
Then he said I needed to buy a insurance policy of $2950 thst would secure my loan since I don’t have any collateral. Then he says because My credit isn’t all that good I needed to get the maximum insurance policy coverage wich was another $2950
Sent the payment by e transfer to an email he said was a worker in another department. To [redacted]@gmail.com
Turns out she’s another victim of fraud he made her withdraw my money from her account to go deposit in a bitcoin ATM machine with his code.
Then I called him he Said my loan was going to be deposited in my account not to worry so them I kept calling after that it went straight to the a voice-mail wich means he blocked me.
It is quite clear that Benchmark Financial Loans and the 58 similar websites including Union State Funding have an extremely high likelihood of being scams. There are several signs suggesting that Benchmark Financial Loans may be an Advance Fee Scam or a predatory lender offering loans at exploitatively high interest rates. The website is promising quick and easy loans upwards of CA$10,000 to Canadians with bad credit scores. In an Advance Fee Loan Scam, people in desperate need of funds are asked to pay fees for processing a loan which they never actually receive.
The website of Benchmark Financial Loans is relatively new. It was created in February 2022 and is being operated anonymously. There is absolutely no information about the company and its management team. All of the information on the website is copied as the same content can be found on 90+ other websites, all of which may be scams.
Benchmark Financial Loans has no social media presence and one of their victims has confirmed that it is a scam. The address given on the website is fake and the only way to contact them is by email.
It is advisable to avoid applying for a loan with Benchmark Financial Loans and Union State Funding as they have been proven to be fraudulent lenders.
Remember: If something seems too good to be true, it probably is.
To read about other Investment Scams, click here.
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If you have been a victim of an investment scam, you can take the following steps:
- File a complaint with the payment portal. However, investment scammers mostly use methods such as Bitcoin, Western Union, MoneyGram and other untraceable methods which make refunds impossible.
- File a formal police complaint with the Cybercrime department.
- Leave a negative review on review portals such as Scamadviser and TrustPilot.
- Report the website to Google using the Suspicious Site Reporter extension for Chrome
- Give a low rating to the website on Web of Trust. You can also install their extension for the same.
- If the company has a listing on Google My Business or Google Maps, file a complaint using the Business Redressal Complaint Form. Also, leave a negative review explaining what kind of experience you had.
- Report the scam site to web filtering companies.
Disclaimer: This review is intended for information only and should not be relied on when making financial or business decisions. If you are a website owner and would like to provide clarifications regarding your business and/or website, please get in touch using the Contact Form.