WebClick Tracer

Copperstone Lending loses license for deceptive practices

Copperstone Lending Inc., which is behind platforms Quickla, Pesobuffet and Pococash, is out of business after the Securities and Exchange Commission revoked its license.

The company was caught using unfair collection tactics.

Copperstone failed to disclose complete loan details like interest rates and total repayment amounts. They advertised attractive terms that weren’t reflected in the actual contracts.

Borrowers were promised 180 days to repay, but the contracts often imposed shorter deadlines with hidden fees for early repayment.

Complaints revealed threats of legal action and harassment of contacts not listed as guarantors. This violates regulations against unfair collection practices.

Milyonaryo | Latest News