Well I went online all day on January 12, 2009, to try to find some kind of loan due to some finance struggles I am having. 4 days later I get a phone call from a real nice man saying that Allied Capital Finace Corporation is willing to lend me $7000 dollars but there was a catch. I had to have a vehicle that was 2006 or newer and I don't have that. I had to have property which I don't have I am a single mom trying to survive.
I could use a co-signer but they had to have good credit and the co-signer I had in mind doesn't have credit. Or I could use monetary collateral. I chose the monetary collateral and had to give them a cash deposit like one gives a prospective landlord. So I did and reported the money gram reference number. I then was told that the money would show up in my bank account. I was excited and waited.
I then called asking where the money was and they said the over $800 I have already sent them was not enough. They wanted almost $500 more. So I sent it. (Dumb move for me) I then called in the money gram reference number yet again. I am very naive about things and didn't think twice about wiring the money to the supposed lender. So after this I waited and waited, and received a phone call from a supposed manager of the man I was dealing with to begin with.
She went on to tell me that the money cannot be released because they have done what they call a "hard" credit check and more money is needed. So dummy that I am wired more money this time it was a hair over $400. And this time again I called in the money gram reference number and was told that I would get the loan as well as the money spent to wire the money each time.
I waited some more. Almost a week and half had gone by at this point. I then did not receive the money (loan) and called to find out why. The reason why (I was told) was that the money did not get to the lender's insurance company in the alloted time and there fore a refund was being processed and it would take 3 weeks.
So I then asked if I could apply for yet another loan. I was told yes and to call back in 3 business days. I did call back. Now I live in CA and the time difference is 3 hours ahead of me. I called in the morning and was asked to call back in my afternoon. I did so to no avail. So the next day I kept calling as well. Then on the third day I called to hear a computer pick up and say,"Thank you, goodbye!"
I was getting worried as the sums of all the money sent and the money spent to send the money has added up to just about $1850 plus. I called and called to get the same message and so there fore sent a few faxes explaining what I was getting when I called and that I was trying to reach the lady I was now dealing with. I still got no money, no return call, nor no refund. I am now at this point (2 weeks) highly concerned and upset.
I then decide to send a certified return receipt letter to the lady I had been dealing with and it got sent back saying the address did not exist. So upon getting this back and still no money or refund I placed an ad on www.craigslist.com asking anyone who lived in the Trenton Jew Jersey area and had a few extra minutes in their day to email me and I would ask then to look for a specific address in a specific town. I got a reply saying that the building in question exists but appears empty.
So here I am in a huge huge hole. I am out quite a bit of money and no loan. They also have my bank account info which since has been changed and I am at a complete stand still on what to do next.
Anyone out there needing a loan be careful with who is willing to lend you money don't end up like me as now I am carless and might soon be homeless.
Be careful. Be thorogh. And do your research.