• Report: #243116

Complaint Review: Primerica Financial Institute

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  • Submitted: Mon, April 09, 2007
  • Updated: Thu, April 19, 2007

  • Reported By:Ashburn Virginia
Primerica Financial Institute
4601 Silver Star Rd Orlando, Florida U.S.A.
  • Phone: 866-322-3914
  • Web:
  • Category: Loans

Primerica Financial Institute Company takes money to secure loans, will even have Pres. Send letter of guaranteed but said they made mistake and wanted more!! Ripoff Orlando Florida **NOTICE: Rip-off Report CONSUMER FRAUD ALERT: this company is a loan fraud operation out of CANADA and is fraudulently using Primerica's name to mislead consumers into wiring money to a designated address. Ripoff Report Investigation: ADVANCED FEE LOANS -- FRAUD ALERT!

*Author of original report: They were another company before

*Author of original report: They were another company before

*Author of original report: They were another company before

*Author of original report: They were another company before

*Author of original report: THEY DO NOT EXIST

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Ripoff Report Investigation: ADVANCED FEE LOANS-- FRAUD ALERT!
A loan fraud operation is in effect across the country that poses a significant danger to your financial health. This operation is fraudulently using the Primerica name to mislead consumers into wiring money to a designated address. It is not affiliated in any way with Primerica Financial Services in Duluth, GA, or Citigroup.

Here's the activity to which you should be alert:
A series of advertisements printed in local newspapers falsely offer personal loans, debt consolidation loans and other loan related services by misrepresenting that Primerica IN Duluth, GA is offering the loans, which is totally false. Other ads may read LOANS or Previous Bad Credit? No Problem! and list only a 1-888 or 1-866 telephone number. When potential victims call the number, they are generally directed by a recorded message to leave their name and telephone number and advised that a representative will contact them shortly.

Typically, the loan application is taken over the phone and approved quickly. The victim is asked to wire a sum of money to supposedly purchase an insurance policy to repay the loan in the event of default. The money is wired via Western Union to an individual in Toronto, Canada. The telephone number is operational for only about 30 days. Once you send your money to these companies, you never get your promised loan and you cannot get your money back.

In most jurisdictions it is illegal for a company to request an upfront fee prior to obtaining a loan. The real Primerica never takes money for loan applications and all loan transactions require a face-to-face meeting with a Primerica representative. If you believe that you have been victimized by this false advance fee loan scam, that misuses the Primerica name please contact the Task Force investigating this matter by calling PhoneBusters at 1.888-495-8501, or sending email to info@phonebusters.com

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Please beware of the above company. My wife went to them to secure a $10,000 loan. She was working with a Mike Watson. He called her back on a wed and said that it had been arranged and that all she had to pay was an insurance fee to secure the loan of about $1300.00. Since this was a part of Citi group I did not worry too much about it so my wife sent her paycheck via western union and was told that the loan would be in her account within 12 - 24 hours. On Saturday morning when then money had not arrived she called only to be told that they needed the brokers fee first. They had never disclosed this but it did say that a broker's fee may be charged on the paperwork she signed. I spoke with them and still to this moment think that it is wrong to have her send money and then tell her later that she has to send more. (It appears the truth I leading dose not apply to them) Well the more was a $989.79 broker's fee.

Before she sent this I had them send her a letter signed by the president Ronald Tessmer that she would not have to pay another dime and that the $10,000 would be send after this fee was paid.

We received this letter and my wife released the funds to them via western union. They received the funds and per the letter were to deposit in my wife's account $10,000.00 within 6-12 hours. This was on the 5th of April 2007.

My wife received a call on the morning of the 6th from Mikes supervisor (Ms. McAlister) saying that they had made a mistake and that it was going to be for $15,000.00 and that my wife needed to send them another 700 plus dollars.

Now the letter we received did not have any wording for more fees the last paragraph on the letter from Mr. Tessmer is as follows:

"Upon receipt of payment for (MY WIFES NAME HERE) outstanding closing fee of $989.79, Primerica Financial Institute will transfer in the account of (MY WIFES NAME HERE), one fixed rate loan in the amount of $10,000.00. Funds will be made available within 6-12 hours. May this guarantee serve as verification that there will be no additional fees to be required of (MY WIFES NAME HERE) account beyond the outstanding closing fee of $989.79"

We have the Western Union numbers where they have received the above. Because of their mistake they will not honor this contract and we have been forced to contact the Attorney General of the State of Florida. We will not allow them to refund us any money (that takes 3 to 6 weeks) as we she needs the loan that was promised.

Please feel free to contact me before you do business with these people especially if they claim that this is false. I have all the paperwork and we are willing to show it to anybody at any time.

John
Ashburn, Virginia
U.S.A.

Click here to read other Rip Off Reports on Primerica

This report was posted on Ripoff Report on 04/09/2007 02:25 PM and is a permanent record located here: http://www.ripoffreport.com/r/Primerica-Financial-Institute/Orlando-Florida/Primerica-Financial-Institute-Company-takes-money-to-secure-loans-will-even-have-Pres-Se-243116. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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Updates & Rebuttals

#1 Author of original report

They were another company before

AUTHOR: John - (U.S.A.)

We have found that they were called Freedom Finaincal Inc.



If you are on their website and click the little e-mail envelope it comes up as freedomfinancialinc@gmail.com



There website is with Go Daddy and Go Daddy has taken over the freedom financial inc. web site and closed it down. Primerica Financial Institute is their new one.



Do Daddy has it as well. We have contacted Go Daddy with the information. It is strange with all the free e-mail accounts that you get from Go Daddy with a web site they have decided to use GMAIL for their business transactions



Please also be aware of the testimonial pages. This website has only been up since the first of the year but their are client claims that are much older.



This has gone well beyond just the money that we lost. I am concerned for people that will give thier last dime to these people and end up in the street. They are heartless.



As we get more I will continue to post and remember THEY ARE NOT

A PART OF OR RELATED TO CITI CORP, OR PRIMERICA FINANCIAL SERVICES. They are just playing on their name to make to think that they are one of those reputable companies.
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#2 Author of original report

They were another company before

AUTHOR: John - (U.S.A.)

We have found that they were called Freedom Finaincal Inc.



If you are on their website and click the little e-mail envelope it comes up as freedomfinancialinc@gmail.com



There website is with Go Daddy and Go Daddy has taken over the freedom financial inc. web site and closed it down. Primerica Financial Institute is their new one.



Do Daddy has it as well. We have contacted Go Daddy with the information. It is strange with all the free e-mail accounts that you get from Go Daddy with a web site they have decided to use GMAIL for their business transactions



Please also be aware of the testimonial pages. This website has only been up since the first of the year but their are client claims that are much older.



This has gone well beyond just the money that we lost. I am concerned for people that will give thier last dime to these people and end up in the street. They are heartless.



As we get more I will continue to post and remember THEY ARE NOT

A PART OF OR RELATED TO CITI CORP, OR PRIMERICA FINANCIAL SERVICES. They are just playing on their name to make to think that they are one of those reputable companies.
Respond to this report!
What's this?

#3 Author of original report

They were another company before

AUTHOR: John - (U.S.A.)

We have found that they were called Freedom Finaincal Inc.



If you are on their website and click the little e-mail envelope it comes up as freedomfinancialinc@gmail.com



There website is with Go Daddy and Go Daddy has taken over the freedom financial inc. web site and closed it down. Primerica Financial Institute is their new one.



Do Daddy has it as well. We have contacted Go Daddy with the information. It is strange with all the free e-mail accounts that you get from Go Daddy with a web site they have decided to use GMAIL for their business transactions



Please also be aware of the testimonial pages. This website has only been up since the first of the year but their are client claims that are much older.



This has gone well beyond just the money that we lost. I am concerned for people that will give thier last dime to these people and end up in the street. They are heartless.



As we get more I will continue to post and remember THEY ARE NOT

A PART OF OR RELATED TO CITI CORP, OR PRIMERICA FINANCIAL SERVICES. They are just playing on their name to make to think that they are one of those reputable companies.
Respond to this report!
What's this?

#4 Author of original report

They were another company before

AUTHOR: John - (U.S.A.)

We have found that they were called Freedom Finaincal Inc.



If you are on their website and click the little e-mail envelope it comes up as freedomfinancialinc@gmail.com



There website is with Go Daddy and Go Daddy has taken over the freedom financial inc. web site and closed it down. Primerica Financial Institute is their new one.



Do Daddy has it as well. We have contacted Go Daddy with the information. It is strange with all the free e-mail accounts that you get from Go Daddy with a web site they have decided to use GMAIL for their business transactions



Please also be aware of the testimonial pages. This website has only been up since the first of the year but their are client claims that are much older.



This has gone well beyond just the money that we lost. I am concerned for people that will give thier last dime to these people and end up in the street. They are heartless.



As we get more I will continue to post and remember THEY ARE NOT

A PART OF OR RELATED TO CITI CORP, OR PRIMERICA FINANCIAL SERVICES. They are just playing on their name to make to think that they are one of those reputable companies.
Respond to this report!
What's this?

#5 Author of original report

THEY DO NOT EXIST

AUTHOR: John - (U.S.A.)

We have found that they are not in Florida at all but a rip off out of Canada!!!! We have contacted GoDaddy.com to see if we can get the web site shut down and have inform the Canadian fraud unit. Here are the names to watch out for



Man who owns the web site: John Amre

Dose the cash pick ups in at Western Union Monica Crawford

Dose the cash Pick ups at Wetern Union Chris Taylor

Claims to be a supervisor Amanda McAlister

Claims to be a loan Consultant Mile Watson



All they only have an 866 number that we found to be an answeing serice.



They are not the same a Primerica Financial services and are not affiliated with HUB, FDIC, or anyone else. BEWARE!! Report them if they have already gotton you and if not STAY AWAY
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