On Thursday February 28,2013 i went online to obtain a pay day loan about 30 min into my search, I received a phone call from Impact cash loans (352)587-5563. I spoke to John Smith, who told me that I qualified for a loan for up to $5,000. I chose the greater amount and asked for the terms of that loan since I'd never submitted to this company nor visited their website prior to that call. He stated that payments per month would be $367.00 per month.
He then stated that in order to secure this loan that I would have to deposit $425.00 into the companies insurance account via western union and then the $5,000 would be sent back to me within 20 min. and I would have to stay on the phone with him throughout the entire transaction. Initially this transaction should have taken place on the 28th, however upon reaching the western union this site closed at 6pm. He was very persistent on me completing this transaction, by suggesting that I go to different western unions including the one I was already at. He further stated that if I did not do the transaction that day that there would be an additional charge of $50.00 for this transaction.
After research on this company that evening and looking for any fraud linked to the company, I was unable to find any. Against my better judgment I went to western union to complete the transaction. I was instructed to call him upon my arrival and again stay on the phone with him. I asked him when i would be receiving any paperwork. He said after the transaction was complete. After completed the transaction to one Oniel A. Nelson which was supposed to be initially to an Eric Miller both out of Florida MTCN xxx-xxx-6203. Once I confirmed to him the transaction was complete, he told me to grab a yellow transfer form and leave out of the store.
We remained on the phone for approximately 30 more min. He came back to phone and gave me MTCN xxx-xxx-1120 and I told him that the clerk said she did not have $5,000 to pay out and he said that it would have to be deposited into my account. This was an option that he initially said was not possible. So I gave him my bank information and he said that I would need to pay an additional $375.00 into western union in order to complete this transaction. He further stated that if I did not receive this money in the next 30 min that it would be kicked back to impact and I would need to pay another $425.00 to obtain another loan. I asked him could I go to another western union to which he said I would have to get payout from the same location.
I was infuriated and told him I was not giving another dime and I went inside immediately to speak to the mgr Mr. Rajesh whom assured me that he was able to do do the transaction. After Mr. Rajesh looking into the computer for the payoff , he could not find one. I called John Smith back and he stated that he had just called the store and was told that they could not perform the payoff so monies were bounced back to impact. I handed the phone to the store mgr who explained to him that he never called the store because he would have answered the phone and that he was prepared to complete the transaction.
I was then instructed to go to another site to pick up the money. After reaching that site calling him and waiting for about 30 min. i hung up and called John back just to be told that his mgr wanted to speak to me because my credit score was low and that he had gone to lunch and would not be back for another hour. I was instructed to go home and I would receive a call in about an hour to return to pick up the money. I was again furious and wanted to know why did they wait to reveal this after I sent them my $425.00. John stated that his website states that if your credit score is poor not to apply. This was never revealed to me by his company via phone nor internet.
One hour later after not receiving any phone calls back from his mgr, I called back and he then transferred me to one Harry Kalvin who was supposed to be the senior mgr. He explained to me that his MTCN was never sent due to my credit score. He then said that in order for me to receive the money that I would need to have a credit score of 650. In order to have this done I would need to pay to his company through western union an additional $275.00 in order to obtain a certificate. I refused and he said that he could not complete my transaction and that he would be refunding my $425.00 via mail within 6 days.