Prevathon Lending Group, Montana Lending Group, and World Financial Solutions all appear to be linked in providing a fraudulant Loan and Insurance business. Their applications for loans are easily accepted, they make you believe you'll get the loan at a great interest rate and payment plan, with excellent insurance coverage. Bad Credit is no problem. They also require you providing a 10% security deposit, and they'll tell you that's how they provide a collateral base, so they can get your loan approved.
If you want to cancel, they'll tell you that they'll take you to court.
When you accept and FAX back your information, they then tell you to get the cash for the security deposit and call them when your ready to send it via Western Union or MoneyGram at Walmart, and they'll verbally tell you to it to some individual located someplace in Canada.
It's all a scam, and if your eager to get a loan, you can easily be caught in this, and realize when it's too late, they took your money, they have your personal idenity information, and banking information. You'll never see the loan.
It's a painful, regretful period of time as you then have to do everything you can to report and put fraud alerts on everything financial you have.
I hope this report helps others avoid the mistake of a lifetime that will always have you wondering what are they going to do with your identity information.
Anonymous
New York, New York
U.S.A.