Silvercrest Loans, Approved $5000 loan but never rec'd loan after down pymt collateral ripoff Philadelphia Pennsylvania

On Thursday, August 25, 2005, I was contacted by a Terry White from Silvercrest loans to tell me that I had been approved for a $ 5000 loan. All I needed to do was give 25% down for collateral which came out to $ 1250. I told him of course I did not have $ 1250 hence the fact that I was applying for a loan. He did everything in his power to get me to pay something so finally he told me that all the needed to pay was at least $ 770 and that he could work out the rest of the collateral after I received the loan. He also ensured me that after 6 months that I would have the 25% collateral applied back to my balance owed.

So I talked it over with my husband and we agreed that since I got paid the next week and we were already at the end of the week that I make the money order and send it to them right away. Terry told me that it would take approx. 24 hours to receive the loan in my bank account which I was okay with since that meant to would have it by Friday, at the latest Saturday since my bank is open on Saturdays.

Terry then proceeded to give me the information of who I needed to send the wire transfer to. He told me to wire the money to a Darren Craig in Vancouver, BC, Canada. When Terry told me this information I red flag went up and I instantly went onto ripoffreport.com and looked up the name, since I had been scammed once before, but when I did this no one had filed a report under the "silvercrest loan" name so I at that time was confident that this was a legitament company.

I went to the bank and withdrew $ 850.00 since I was to wire $ 770 but the fee for the transaction was $ 67, which I was also informed that I was going to be reimbursed the fee. I was even faxed a "loan document" from Terry that I carefully read over and it seemed okay. I filled in the required information, Bank name, address, phone, routing and account numbers, since I was having it directly deposited into my account and I sign the last paged and faxed it to Terry on Friday, the 26th. I also faxed him copies of my paycheck stub, social security card and driver's license which I now deeply regret.

I have for the past two days been trying to get a hold of Terry, at the 888-223-6195 ext. 169, but now instead of beening connected to him directly when I press his extension and the number one I automatically get transfered to his voicemail. And today, for some reason, I decided to type in silvercrest loans into the Google search and up came the scam reports and it's former names.

I then searched ripoffreport.com and confirmed my worst fear of this whole ordeal. I got scammed AGAIN. My husband and I are now scraping by with every paycheck to pay bills, childcare, and rent without going into a nervous breakdown.

Beware. Don't let them get anyone else. Contact whom ever will listen and let's try to get our money back.

Marcella
San Antonio, Texas
U.S.A.