Brimley Financial Group PERSONAL LOAN SCAM. THEY WILL TAKE YOUR COLLATERAL AND NEVER GIVE YOU A REFUND OR LOAN. Minneapolis Minnesota

On July 21, 2009, I received a call from David Quinn at Brimley Financial Group. He stated that my husband were approved for a personal loan in the amount of $10,000. He stated that in order to move further with the loan we would need to fulfill the following requirements; (a) sign and date the loan agreement (b) provide a photocopy of state identification and (c) pay the pay the first six months of payments in the amount of $240 totaling the sum of $1440.

I said we could fulfill these requirements but would need until the 24th of July to come up with the collateral. He said this would be okay. On July 24, 2009, I contacted David Quinn at Brimley Financial, 1-866-802-7957 ext 205 and said that I had the money needed (I had on Tuesday evening, July 21, 2009, submitted the other requirements via fax to Brimley Financial Group). He said that I had to send a money gram at Walmart to Jennifer Wolf in Milton, Ontario Canada.

After I sent the money gram on July 24, 2009, I contacted David Quinn and gave him the reference number. David informed that my funds of $10,000 will be direct deposited into my account by Saturday or the latest Monday morning. On Monday, July 27, 2009, when the funds were not in my account, I phoned David Quinn and he informed me that he was going into a meeting and I needed to contact customer service by dialing 0 and they would be able to help me and let me know when the funds were to be deposited.

I contacted customer service and told them about the problem at hand and they transferred me to Marcus Riley ext. 702 who happened to be the Customer Service Manager. At this time Marcus said that the lender was unable to obtain the insurance policy to help protect them if we defaulted on the loan (this is the reason they stated the collateral is needed upfront). Marcus said not to worry as I am still approved for the loan and that I would need to submit an additional $1440 (another six months) in order for the lender to obtain the insurance policy.

We said we would do this if we received a letter of gaurantee. Marcus faxed my husband and I a letter of gaurantee that stated the following; July 27, 2009, Brimley Financial Group hereby irrevocably guarantees that upon receiving the additional security investment in the amount of $1440 equaling the sum of $2880, the requested loan in the amount fo $10,000 and all associated costs will be released to the borrower no later than 1 business day after confirmation of payment.

My husband and I felt reassured and sent via money gram to Jennifer Wolf in Milton, Ontario Canada another $1440. After sending the money gram I called Marcus Riley and gave him the reference number. He then informed me that I would have the money direct deposit the next morning. Again when I checked my account the next morning it was not there.

I called Marcus again and he said that the lender backed out of the loan. He told me not to worry that they found me another lender who now approved us for $12,000. I told him we were not interested and that we wanted a full refund of the $2880 plus the sending cost of $57.60, which totals $2937.60. He said that we would have to wait for a few weeks. I told him that due to breach of Brimleys Financial Group letter of guarantee that I needed my refund back asap. I told him that I would pursue legal recourse if this was not handled and he hung up on me. Now I am unable to get a hold of him.

Also, I have found several blogs about their groups that have been popping up over the last few days stating they have fallen victim to the same scam.

Jmt
Molalla, Oregon
U.S.A.