My story is exactly the same as the rest of these stories!!! I applied for a personal loan for debt consolidation online and was contacted by David Taylor of Atlantic Capital Resource Center the next day. Mr. Taylor told me that I had been "fully" approved for a $5,000.00 loan provided by a private lender. He then sent me the loan package and agreement which stated that I either had to make an "insurance payment" of $900.00 or pre-pay the first 7 months of payments totalling $708.00. I did not have the money to send him (thus, why I needed the loan) so I asked him if the lender would accept a partial payment and he said yes. I then sent a money gram in the amount of $450.00 (plus $35 money gram fee) and confirmed receipt with Mr. Taylor who told me I would receive my funds in 24 hours. When this did not happen I call Mr. Taylor who informed me that the lender approved the partial payment but that the insurance company would not, so if I wanted to receive my funds I would have to send another $300 (plus $25 money gram fee) and then the funds would be released within 6 hours; I foolishly promtly sent the money. By the next afternoon the money still had not arrived and I was unable to reach Mr. David Taylor at all so I called customer service and was told that my account had been transfered to there department and Tracy Emerson was now in charge of my file. Mrs. Emerson informed me that the reason my loan had not funded was because I still needed to pay the $400 processing and administrative fees to them (not the lender). I told her that I was never told about these fees and wanted my money back. Mrs. Emerson then informed me that I would be charged these fees for their time regardless of if I actually got the loan through them but once I paid it, my loan would be funded within 4 hours because everything was all set up to fund in the system. I again foolishly sent them another $400 (plus $35 money gram fee)via money gram and of course the money never showed up in my account and I was unable to reach anyone in the entire company until the following monday when I was informed that money gram system had gone down and they were unable to confirm may payment... by the time they were able to confirm and receive my payment, my loan had "timed out" and the funds were no longer available. I was then told by Mrs. Emerson that I would be fully refunded the entire amount I had sent, plus money gram fees, plus $200 severance (over $1,300). It has been over 4 weeks and I have received nothing and now their phone number does not work, it just says "goodbye".
I just want my money back!!! These people are all crooks who steal from those that don't have anything to spare!!!! I have filed a complaint with WA State Attorney Generals Office and I have been asigned an account number... Does anyone know of any other avenues to get my money back?
I have saved every money gram receipt, loan documents, fax confirmation, and email correspondence!