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  • Report: #1141296

Complaint Review: loans of america

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  • Submitted: Thu, April 24, 2014
  • Updated: Thu, April 24, 2014

  • Reported By: LeAnne — Goodwater Alabama
loans of america
Internet USA
  • Phone: 7273843308291
  • Web:
  • Category: Loans

loans of america David Walter,Eric Matthews, John Hutchinsonadditional Phone 727-242-7047 They were supposedly helping restore good credit but took $623 instead Davie Florida

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I was trying to get a loan to improve credit score. I was contacted by this company and they said "you will not pay a penny upfront" but we will loan you $5000 and your payment will be $229 a mont for 24 months. This was more than what I was looking for but could consolidate several smaller payments and improve my credit score at the same time. They told me to go to Walgreens and purchas a $229 vanilla reload card to verify that I would be able to make my 1st payment then I would recieve the loan in my checking account,

they then said I needed to purchase FDIC insurance since it was for $5000 and it was $50/$1000 for a total of $250(card 2) the next day they said the FDIC was charging me a penalty for not paying the insurance on the same day as the 1st card and that penalty fee was $130(card 3) then they said the bank declined the deposit and they could send it Western Union but I would need to purchase a 4th card in the amount of $180.  

I told them I was not getting any more cards and I would like to just cancel the loan and get the money off the cards. They said there was a freeze on the cards and to cancel the loan it would be another card in the amount of $250. I proceeded to tell them that I had reported them to the BBB and that I had reported them as phishing and to the customer service department of the card company where I also found out that the cards were not frozen they had been redeemed.  more cards and I would like to just cancel the loan and get the money off the carda.

They said there was a freeze on the cards and to cancel the loan it would be another card in the amount of $250. I proceeded to tell them that I had reported them to the BBB and that I had reported them as phishing and to the customer service department of the card company where I also found out that the cards were not frozen they had been redeemed. I am filling out dispute paperwork sent to me by the card company although I know this will not get me my money back but in hopes that the more actions I  take it may not happen to anyone else.


This report was posted on Ripoff Report on 04/24/2014 06:37 AM and is a permanent record located here: http://www.ripoffreport.com/r/loans-of-america/internet/loans-of-america-David-WalterEric-Matthews-John-Hutchinsonadditional-Phone-727-242-704-1141296. 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.

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