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Report: #611374

Complaint Review: National Gateway Financial Services - new york ny 10003 Internet

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  • Reported By: Helen — san francisco California United States of America
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  • National Gateway Financial Services 55 fifth avenue Internet United States of America

National Gateway Financial Services fraudulant loan company stole $5000 for a supposed 'secured loan', Internet

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I needed a loan for a divorce settlement (I have to pay my lazy ex-husband a one time lump sum of $30000 in 60 days...still better than 7 years of alimony, but....). Having been in court for 3 years my credit is not good & I was completely turned away by major banks, etc. So I searched online for 'alternate' loan options, well aware of scam companies & less than above board loan companies. I was not happy with what I saw, when a Michael Anderson of national gateway financial services contacted me offering me a secured loan of $30000. I had to apply a deposit of 4 months payments of $2371 (the monthly payments would be $592 at a 7% interest rate). He faxed the documents & I read them thoroughly, after looking up the company (they are listed on the BBB but with no rating). In order to expedite the loan process I was instructed to western union the deposit to a Vasile Grama in Barcelona, Spain. (red flags started to wave at me) But, I researched the fairly new practice of international money lending and against better judgement proceeded.

I soon received a call from a Mr Roger Jenkins (now of the customer service dept) who informed me that the lender needed more collateral (quote "insurance") from me totalling another 4 months of payments = $2370). I was informed that I would have to wait until 6/5 for my initial deposit back if I wanted to cancel the loan. Once again, against better judgement I rallied up the money & sent western union to V. Grama in Spain. On the morning the loan was to deposit in my bank, Jenkins called me & said the lender needed another 10% for the funds to be released from oversees. I cancelled immediately, very upset, threatening legal action but was reassured my depositis would be sent via fed ex on 6/5. I called a couple of times to check on company & Jenkins always promptly called me back & reassured me I would receive my monies. Of course, I have never received them & now the website has vanished & the phone lines disconnected. These guys are slick & heartless...I stupidly handed over two full pay checks to god-only-knows-who but am following up on the contact name with western union.  

This report was posted on Ripoff Report on 06/07/2010 09:06 PM and is a permanent record located here: https://www.ripoffreport.com/reports/national-gateway-financial-services/internet/national-gateway-financial-services-fraudulant-loan-company-stole-5000-for-a-supposed-s-611374. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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