Heard of Josh Allen

[Lennie Holland]

I received a e-mail from josh,allen@fundingforflipping.com promising unsecured credit lines of up to 250K with 0% interest.

His company is Kalbro group, llc, 509 w. old northwest highway, Barrington, il 60010

I'm naturally skeptical of this email and was wondering if anyone had heard of this company/man and what his scam is? if indeed it is a scam.

[Matt Motil]

Funding for Flipping is a legit company. 

That being said the service they offer is to open multiple lines of credit (read: credit cards) in your personal name at zero percent interest at multiple banks all at the same time. They will do it in a very strategic way so that it doesn't trash your credit. They need to keep your credit in good standing because they tout that they can double your initial credit line within the first 12 months. 

They charge a pretty hefty fee for this service (between 5-8k) that they will charge against the credit lines once they get them open for you, so there is nothing out of pocket. 

If you have excellent credit and a little time, you can do this all yourself, but to me it's a little like playing Russian roulette when you play with credit cards at zero percent.