Beware of Fraudulent Lenders Impersonating Loans Canada

Beware of Fraudulent Lenders Impersonating Loans Canada

Written by Caitlin Wood
Last Updated April 21, 2022

“Legal Notices” & “Arrest Warrants”

If you have recently received a “legal notice” or “arrest warrant” sent on behalf of “Loans Canada”, it is a scam. LoansCanada.ca will never send out any type of “legal notice”. Furthermore, an arrest warrant must come from an official law enforcement entity. No lender, financial service provider, company, debt collection company, debt collection officer, etc, will ever send an “arrest warrant”.  

How To Tell If It’s A Scam

  • You received an email sent from an @gmail, @hotmail, or @yahoo address
  • The document or email contains images or clipart
  • There are a lot of spelling or grammar mistakes and aggressive over-dramatic statements (for example, “All of your bank accounts will be seized thru major credit bureaus”)

Example Of A Scammer Email 

Scam Letter

What To Do If You Recieve A “Legal Notice” Or “Arrest Warrant” From “Loans Canada”

If you receive an email from these scammers that says you’re being sued by “Loans Canada” or that there is an arrest out for your arrest because you failed to pay off a loan from “Loan Canada”, do not engage with these people. Do not provide them with any personal information or any financial information, and do not give them any money or access to your online banking. 

Other Steps To Take When You Get An Email From A Scammer

  1. Don’t click on any links – Some links can be dangerous and comprise the security of your Personally Identifiable Information (PII). 
  2. Do not download any documents – If there are any documents attached to the email, do not download them, some can contain malware and virus that can compromise your computer’s security. 
  3. Delete and block – Delete and block the user to prevent any further interaction. 
  4. Report the scammer – Be sure to also report the scammer to the Canadian Anti-Fraud Centre. 

Email Addresses And Names Associated With This Scam

  • canadafrauddepartment@gmail.com
  • Coralia Bulhoes 
  • Jason Oliva
  • Donald R Summer
  • Ron Clark
  • Dean Queensland

Fake Companies Posing As Loans Canada

It has come to our attention that certain companies, operating under several names, have been posing as a loan referral service. After a consumer has submitted an application with one of these companies, the applicant will have a specific amount of money debited directly from their bank account. The transaction description may contain the term “Loans Canada” or similar. This has caused a lot of confusion as we operate our business using the URL loanscananda.ca. We want to make it abundantly clear that we are not associated with any of these companies at all, directly or by extension.

Also, if you have received any message or offer from an email account ending with @gmail.com, @yahoo.com or @hotmail.com or any domain other than loanscanada.ca please note that it is a scam. Furthermore, Loans Canada is not a lender and as such will never send you a loan offer or approval.

Please be advised that the following companies have no affiliation with loanscanada.ca and are known scammers:

  • Kimberly Rogers
  • Isaac Freeman
  • Mark Anderson
  • James Anderson
  • loanscanadafinance [at] gmail.com
  • johnwinchester [at] loanscanada.com
  • loanscanada.services [at] gmail.com
  • infoloanscanadaca30 [at] gmail.com
  • loanscanada.09 [at] gmail.com
  • Jacob Stafford (using multiple @gmail.com addresses)
  • loanscanada.09 [at] gmail.com
  • Jacob Stafford (using multiple @gmail.com addresses)
  • Kevin White
  • Atlas Financial
  • George Maxwell
  • Big Time Maple Leaf Financial
  • Nobull Financial
  • Meridian Regional Lending
  • 10X Financials
  • EFT Servers [dot] com
  • Kevin White
  • Atlas Financial
  • George Maxwell
  • Henry Parks
  • Mr. Ramon Plesis
  • Ross Knight
  • Mark Robinson
  • Andrew Smith
  • Kenneth O’Brien
  • Eric Williams
  • Raymond Credit
  • Upper Canada Loans
  • Private Lenders
  • Private Lenders Canada
  • Private Lender Loans
  • Cash Lender/ Cash Lender Canada
  • Henry Parks
  • Mr. Ramon Plesis
  • Ross Knight
  • Mark Robinson
  • Andrew Smith
  • Kenneth O’Brien
  • Eric Williams
  • Raymond Credit
  • Loan Fast Canada
  • 7940696 Canada Inc.
  • Big Time Maple Leaf Financial
  • Nobull Financial
  • Meridian Regional Lending
  • Loan Fast Canada
  • 10X Financials
  • EFT Servers [dot] com
  • Kimberly Rogers
  • Isaac Freeman
  • Mark Anderson
  • James Anderson
  • loanscanadafinance [at] gmail.com
  • johnwinchester [at] loanscanada.com
  • loanscanada.services [at] gmail.com
  • infoloanscanadaca30 [at] gmail.com
  • Upper Canada Loans
  • Private Lenders
  • Private Lenders Canada
  • Private Lender Loans
  • Cash Lender/ Cash Lender Canada
  • 7940696 Canada Inc.
Note: To learn about how loan scams target vulnerable Canadians, check out this article we wrote for the Better Business Bureau.

A Note On Upfront Fees

We want to make it very clear that we, loanscanada.ca, do not ask our clients for any type of upfront fee, security fee, or insurance fee (read more about loan insurance scams here). This is not only an unethical business practice that greatly affects hard-working Canadians, but it is also a scam and it is illegal. If any loan company asks you to provide them with a specific amount of money before you are able to gain access to your loan, do not give them the money.  If you have already provided them with access to your bank account:

  • Get in contact with your bank right away.
  • Authorize a complete stop payment on all future withdrawals from the company in question.
  • Finally, get in contact with the Canadian Anti-Fraud Centre (CAFC) to report your experience with a fraudulent lender.

Please also be advised that loanscanada.ca or any of our partners will never ask you to directly transfer any amount of money to any account under the guise of loan insurance. We have recently been provided with updated information about scammers who request that consumers directly deposit money into numerous bank accounts at the request of these so-called loan insurance providers. This is a scam. 

Red Flags To Watch Out For

Unfortunately, loan scams are extremely common. For every reputable lender, there is a fraudulent one looking to scam unsuspecting consumers out of their money. One of the best ways to help prevent these scammers from succeeding is to be as informed as possible. Here are some of the most common red flags to look out for:

  • The promise of a guaranteed approval
  • 0% interest rates
  • Lenders with no contact information
  • Being pressured into making a decision before you’re ready.
  • The feeling that it’s too good to be true
  • Being asked to transfer money to the lender, before you get your loan, via a prepaid credit card (learn more about prepaid credit card scams) or Western Union transfer.

For more information on how to avoid loan scams, read this article

Bottom Line

The only way we can stop these deceptive companies is through vigilance. No matter what type of company you’re working with, big or small, well established or new, if you have to sign a contract, please always make sure you understand what you are signing.

Again, if you or anyone you know has dealt with this type of fraud, please get in contact with the CAFC right away.


Rating of 5/5 based on 32 votes.

Caitlin is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over eight years. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security. One of the main ways she’s built good financial habits is by budgeting and tracking her spending through the YNAB budgeting app. She also automates her savings so she never forgets to put aside a portion of her income into her TFSA. She believes investing and passive income is key to earning financial freedom. She also uses her Aeroplan TD credit card to collect Aeroplan points so that she can save money when she travels.

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