A reader sent me a mailer they received from Bruins Capital for a Debt Consolidation Loan.
The consumer said, “I fell for the one with Bruins Capital. They redirected me to another service, and then I filled an online form, and Strategic Consulting called with an offer to pay off all debt at a reduced amount and 0 interest.
My alarm bell went off, and I checked them out and see they have been sued for such a scam where they have you stop paying your creditors, deposit the money you send in an account, and then try to negotiate. But if they fail, they can draw out of the funds for their expenses, and you are still in a lurch with your creditors. Glad I stopped.”
Bruins Capital says they are located at PO Box 136, Rochester Hills, MI 48307. A search of registered businesses in Michigan could not locate any company named Bruins Capital with the Secretary of State.
But Here is the Best Part of the Bruins Capital Story
Go back and look at the mailer the consumer received. It sure looks like it comes from a lender, right?
However, if you look at the fine print on the Bruins Capital website, it actually says, “Bruins Capital is not a lender in any transaction and does not make loans, loan commitments, or lock rates.”
But here is the best part, “You may not be matched with the lender making a particular conditional loan offer, and Bruins Capital does not guarantee that any lender will make you a conditional loan offer.
Bruins Capital is not an agent of you or any lender. Bruins Capital services are only administrative. Bruins Capital is a paid marketing lead generator.” – Source
It’s No Wonder the Consumer Was Flipped
So it’s no surprise the mailer turned out to be for something else entirely and the consumer was flipped to Strategic Consulting that allegedly pitched debt settlement as a solution instead of the loan the mailer baited the hook with.
Over the past few years, there has been a rash of loan mailers used as the bait to get people to call and then flip them into some other debt relief solution.
I believe Strategic Consulting out of New York is the company the consumer mentions.
They are a debt settlement company. They say they are located at 115 Lawrence Bell Drive
Amherst International Park, Amherst, NY 14221. A search of that address comes up with a company Strategic Financial Solutions.
It seems very odd that a company named Strategic Consulting would be operating out of a building with a big sign on it that says Strategic Financial Solutions at that same address.
I would recommend that anyone considering using such a company should read the following free guides.