"express credit universal credit organization" is not a formally registered or legitimate business entity. The name is used by fraudulent operators to offer fake personal loans to the public. Their method involves advertising quick and easy loan approvals, and upon a consumer's application, they demand an upfront "release fee," "legal fee," or "insurance payment" before the loan can be disbursed. Once this fee is paid, the operators typically disappear, and the victim never receives the promised loan. These operations often impersonate or use names similar to legitimate financial institutions to gain credibility.

Founded in

Armenia