Kenneth Anderson, a consumer from Illinois, told BBB that U.S. Trust Financial called him on a daily basis for weeks with new details about a supposed deal to sell his timeshare, but once he paid the fees with a credit card he never heard from the company again.
A Tennessee consumer paid US Trust Financial over $5,000 in fees for the supposed sale of five condominium timeshares he owns in Mexico. The consumer told BBB that he faxed a check to US Trust Financial, but now when he calls US Trust Financial they tell him the person responsible for his account doesn't work with the company anymore.
Before US Financial Trust started reporting a Tucson address, the company went by the name Financial Associates of America (FAA), and claimed to be based out of Illinois. On June 8, the Illinois Department of Financial and Professional Regulation issued cease and desist order to the company for operating without a license. The agency also said that they had reasonable cause to believe that FAA was engaged in "unsafe, unsound, or unlawful" business practices.
