What is Going On With Vantage Acceptance?

Question:

Dear Steve,

Does anyone know why Vantage Acceptance is not accepting new clients? Maybe there is some law enforcement action that isn’t public yet? https://vantageacceptance.com/

Ella

Answer:

Dear Ella,

As you stated, the Vantage Acceptance website does say, “We are not accepting new applications.” They continue to list their business address as 5950 Canoga Avenue, Suite 300, Woodland Hills, CA 91367.

What is interesting though is a search of California business records for Vantage Acceptance located an October 16, 2019 filing by a Gerlad Pitts that said there were no changes to their business details. – Source

According to their previous filing, the company is actually located at 1712 Pioneer Ave, Cheyenne, WY 82001. – Source

They describe the business activity of the company as “Business Administration.” A more recent filing with the State of Wyoming says the company is actually located at 2710 Thomes Avenue, Cheyenne, WY 82001. – Source

According to archived copies of the Vantage Acceptance website they were promoting loans.

However, the disclaimer on the bottom of their archived site painted a different picture, “Disclaimer regarding terms used on this website: debt free: (i) relates solely to enrolled, unsecured debts, (ii) upon successful program completion, (iii) not all creditors will negotiate, not available in all states bankruptcy: anyone considering bankruptcy should contact a bankruptcy attorney. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history. We are not a law firm or a substitute for an attorney or law firm. We cannot provide any kind of advice, explanation, opinion, or recommendation about possible legal rights, remedies, defenses, options, selection of forms or strategies. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Please contact a tax professional or attorney to discuss tax consequences of settlement.” – Source

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So I don’t know specifically why the company is not accepting new applications but if someone has some information on it, hopefully, they will post an update in the comments section.

Sincerly,


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Steve Rhode

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