Warwick
  • Report: #545402

Complaint Review: Precision Lending Group

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  • Submitted: Saturday, December 26, 2009
  • Last Posting: Saturday, January 02, 2010
  • Reported By: Randell — Pearsall Texas United States of America
Precision Lending Group
515 North East 15th st miami Florida 33132 United States of America

Precision Lending Group RIP OFF!! miami, Florida

*Consumer Comment: Not likely


1Author 2Consumer 0Employee/Owner

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I was contacted by this company,Precision Lending Group. A man named Noah Finley told me i was approved for a $5000.00 loan. He faxed me an application which i filled out and faxed back. Noah called me back immediatly explaining i had to western union $600.00 to an international lender it cost me $46.00 to send it. He then instructed me that i was to recieve my 5000.00 loan direct deposit the next day.The next day i was contacted by a man named John Fleming telling me i had to western union an addittional $700.00 to get the loan and it would all be applied to the loan as payments.He said it was to insure the loan.John also got hateful with me on the phone when i started asking questions about getting my money back. When i explained i couldn't come up with anymore $ and to just give me my money back,he said i wouldn't get it back till Jan.18th 2010. He also said i was stupid for not reading my contract in detail.His exact words were"this is not Lets Make a Deal!" I probably will not see my money again? and this Ripp Off Scam made me broke for Christmas.I thought i would have $5000.00 for Christmas?

This report was posted on Ripoff Report on 12/26/2009 10:08:37 AM and is a permanent record located here: http://www.ripoffreport.com/loans/precision-lending-gr/precision-lending-group-rip-o-f3a24.htm. 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.

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1Author 2Consumer 0Employee/Owner
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#1 Consumer Comment

Also Victimized

AUTHOR: SaraThompson888 - Stewartville (United States of America)

SUBMITTED: Wednesday, December 30, 2009

My name is Sara I was also victimized by this company, and my suggestion is to contact your local police, the attorney general, the better business bureau, the federal trade commission, and the IC3(FBI for internet), I contacted all of these places already and I was the first and only complaint on here, now there are 8 if everyone calls these places, maybe we can catch them. If you would like to contact me for more information my e-mail is (((REDACTED)))


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#2 Consumer Comment

Not likely

AUTHOR: Flynrider - Phoeix (U.S.A.)

SUBMITTED: Thursday, December 31, 2009

  "I probably will not see my money again?"

  That's true.   While it won't hurt to report this, as the previous post suggested, it probably won't do any good either.

   This is not a real loan company.  Just a couple of scammers with throwaway cell phones and public Internet access.  Two key ways that they avoid getting caught are 1) having you send the money via untraceable Moneygrams or Western Union, and 2) making sure that you send it to another country.  The latter ensures that no U.S. law enforcement agency will have jurisdiction where the money was received. 

  Here's what the FTC has to say on the subject :

http://www.ftc.gov/bcp/edu/pubs/consumer/telemarketing/tel16.shtm


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