I applied online for a personal loan in the amount of $25000.00. Several days later, I was contacted, via telephone, by a man named James Franklin working for Green Tree Capital Group. I was told I was 100% approved for this loan and all I needed to do was send the first six payments up front totalling 1659.78. I sent this money to a Joyce Harding in Jasper, Alberta Canada.
The next day, I received a phone call from Arthur Miles stating that there were discrepencies in my application and my credit file, so another six payments would be required in order for my loan to arrive. I sent this amount as well.
Three hours later, Mr. Miles called saying that the lender had backed out of the agreement, and that Green Tree was filing a lawsuit on them. He found another lender willing to transfer the loan, only this time the loan was for $50000.00. The "CEO" of Green Tree agreed to allot me $2000.00 toward my payments to make up for the trouble I had gone through.
This made me need to send $1200.00 to secure the loan. This money was sent to Kim Strauss in Winnipeg, Manitoba Canada. I sent this amount as well because I really needed this loan to come through.
Mr. Miles later called saying that the lender's insurance group was requiring insurance to be carried on a loan of this size. The insurance amount was $2000.00. They even faxed me a letter of guarantee for this money.
I sent the last $2000.00. I was told that my funds would be released at 5 p.m., 10/9/06. This is the 12th and I still have not received them. I also cannot contact anyone from this company. I have left several messages on their website and telephone.
I now have over $6000.00 of borrowed money to try and pay back, not to mention the issue the money was being borrowed for in the first place. I want some kind of closure to this situation, and I do not want others making the same mistakes I made.