Late Dec 2009 I conducted an online search for a long term personal(auto) loan. I applied a at a web site (that I do not recall the website name) about refinancing my Hummer H2 SUT. All that was required was that I fill out an application consisting of personal information such as my social security number and address. On Feb 5th, 2009 I was contacted by Michelle Hudson stating that I had been approved for a $26,500 loan through Centre Point Financial Group based out of Delaware.
After searching for the company name online, I found nothing negative about this company. I also checked the BBB in Delaware, which didn't have any positive or negative information, and researched their website @ www.centrepointfinancialgroup.com.
I AGAIN talked to Michelle Hudson on Feb 6th, 2009. She explained that since this was a secured loan that I would need to provide collateral for insurance purposes as stated in the faxed agreement. The collateral required consisted of and was equal to 5 monthly payments totaling $2,500 and since I was making such a large payment upfront that I would not need to begin repaying the loan until June of 2009 for seven years at $399.00 per month. I reviewed the documents numerous times. Everything appeared to be completely legitimate.
I asked a lot of questions and I was asking for proof that they were with the BBB of Delaware. I never received any info from them. I also asked about the advance fee scams and the said that they report companies that are involved in that. I told them that would not send in the full amount and that they can take the rest out of the loan proceeds. Michelle Hudson then tried to convince me to send $2,500 to a George Nail, whom she said worked for a private lender in Canada. I refused to send any money to Canada and if this were a legitimate loan that I will send the payment to them and they could handle the rest. I know that at every Money Gram location, that it was more than likely to have a camera there just in case. I was then given directions to sent it to a person who works in their accounting Dept by the name of Shirley Albertson in Wilmington, DE.
I contacted Michelle and gave her the reference number and she informed me that my account would be funded w/in 24 hrs. On the morning of Feb 17, 2009 I checked my account and there was no wire transfer. I called Michelle and she stated that they would need an additional $750 for complete the loan requirement. I refused and asked for my money back and then said that the would start the refund process. I have not heard from them since that evening. I have called and faxed them numerous times to no avail. I had doubts from the beginning and I should have not sent any money, but I was stupid and I did - If I can't get my money back - then I at least, want the criminals caught and prosecuted.
La Crosse, Wisconsin