ED Magedson – Founder
4netgocash4835 forest drive Ashford, West Virginia USA
4netgocash d/b/a "united cash loans" is a fraud company They promise you a loan and keep collecting fees that will be refunded to you when the loan proceeds are transferred to your bank account Ashford West Virginia
This company kept calling me and telling me I was pre-approved for a $10,000 loan at 10% with monthly repayments of $305 for 36 months.
Each person I talked to told me they needed to collect a fee that I should go get a greendotmoney card for a specific amount. First it was for $305 so they knew I had the funds to make the monthly payments. Then Stanley from the accounting deparment called and said I needed to get two more green dot cards one for $200 and one for $500 for some type of tax. He assured me as soon as I gave him the green dot money pack numbers he would stay on the phone with me and the bank transfer would be done withing 30 minutes.
Of course I was suspicious checked out the company online there were a bunch of complaints but they were all regarding the company continuing to charge interest on loans after they were paid off. I figured if that happened to me I could stop the ACH debits from the company. What I didnt realize then is that I was reading reports on "United Cash Loans" which is a legitimate payday loan company and the company I was dealing with was not that company I dont even know the real name of the company except for finding it off another rip off report on this site.
I went and got the $700 of money paks and called Stanley back with the numbers. He said he would process the loan and call me back in 40 minutes. I called him in 45 and he said there was a problem with the system but rest assured they funds would go into my bank account that Friday night 11/29/13. They didnt go through and when I called today I talked to someone called "Sean Stiffler" and he requested another $250 for some other fee. I said no cancel the loan and return me the money I paid. He said my options were to pay the $250 and the loan would absolutely definitely go through when they got that or pay a $197 cancellation fee to get the $1,005 I paid back. By now I knew either way I wasn't getting anything from them so I got the $250 with little hope but it wasn't much more than the refund fee and I knew I wasn't getting the refund. I called Sean with the $250 money pak code, he put me on hold said he was going to do the loan transfer. After 30 minutes on hold another man took the call said he was the head of the accouting department and the only person who would be able to transfer the funds and that was if I got another money pak for $500. I said I was done with all of this and wanted a refund. He said I would have to wait 20 to 25 days for my refund. I had told Sean before I got the $250 earlier that taking that money out of my account would cause my mortgage check to bounce if the money wasnt put back in my account today and I would loose my home to a sheriff sale. When I told this to the last person who said it would take at least 20 days to get my money back hes said "that was not his problem". I told him I would file complaints and get a lawyer if I didnt get the money back today. He told me if he reieved any calls or written complaints on my behalf I would never see a dime of my money ever again and hung up on me. I have filed complaints with the FTC, BBB and Attorney General. I have been advised to call my local police department and I will do that now.
This report was posted on Ripoff Report on 12/02/2013 02:58 PM and is a permanent record located here: http://www.ripoffreport.com/reports/4netgocash/ashford-west-virginia-23005/4netgocash-dba-united-cash-loans-is-a-fraud-company-they-promise-you-a-loan-and-keep-1103709. 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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