It has been a year today since Omega One Loans scamed me out of 950.00, I was in dire need of a loan, I beleived them when and thought this was the answers to my prayers and I was going to get the help I needed, I sent them the 950.00 as they asked waiting on my loan, well shame on me, there was no loan and all my phone calls got ignored, this all went down right at xmas time and I was devistated and felt ashamed and stupid that I would fall for this but I did, it was the worst xmas ever, anyway I filed all the complaints with all agencies and with the internet fraud agency what I can't beleive is this company is still operating and the govermentcan't seem to stop it, Merry Xmas Omega One Loans, I will never forget you
[email protected]
12/08/2009

This is an online lending company that promises loans to individuals with bad credit. I stupidly applied for a loan to this company and they called to tell me that my application had been accepted. However, I would have to send 5 months worth of payments up front before I would receive any money. They even sent me a loan agreement over the internet.

This did not set well with me so I started investigating. The first thing I did was google their address at 400 Federal Street and the only company listed at this address is Vicor Corporation. I contacted Vicor and was told that they were the ONLY company at this address and they had never heard of Omega One Loans.

When I recontacted Omega One Loans they assured me they were legitimate and that this was their address. She even said that there may be 2 Federal Streets in Andover and that I just got the wrong one. When asked if they were a registered business in the state of Massachusetts, she replied with 'of course' adding that they were in the second stage of getting accredited through the Better Business Bureau. When I checked with the state there is not any company listed with this name and the Better Business Bureau had never heard of them either. The person I spoke with at the Better Business Bureau insisted that I also report this company to the FTC, which has been done.

After speaking with the FTC and BBB I have found out that it is illegal for any company to ask for money up front like Omega One Loans did. I was never able to find any negative information about the company when I was looking for a loan so hopefully this will stop others from applying to the company as well.