Com-source Financial Ripoff, fraud, scam insurance Manchester New Hampshire

in sept 2004 my husband and I recently moved to California. Due to our credit history we had a very big security deposit required on our apt berfor we could move in.

We turned to and ad in the LA Weekly newspaper promising an instant loan.

I contacted the company, com-source financial/financial bros. inc, and left a message as all operators were busy.

A week later i was contacted back by reprasentative, stacey Graham, to whom i gave all my details and social security no. After being told that i had been approved for a $5000-00 ( that i would receive direct depostied into my bank account) i was over the moon !

But since i didn't own a car nor home i would have to put down $550-00 as collateral, which i was guarenteed to get back after 6 months.

I had to western union transfer this to my "lender" in Ontario, Canada. Mr Jessie Smit. i was not to contact him though as everything went through the company, they were the "middle man" dealing with private lenders who loan people money i was told.

This sum total cost me $600-00 US.

I did not receive the money after 24hrs as promised and rather got a call a day later from Stacey saying she had made a mistake an das their was a default on my credit report i had to put down (ie, wire) an extra $300-00.She also faxed me their "contract" late...after the fact that i had wired the money.

I was fuming! I was not only late with my security deposit, as i had been constantly putting my landlord off and promising every week i would pay him his money, but i also didn't have the extra $300-00 to give.

So i asked to speak to the manager who promised me a "fast-track" refund which would take only a week for the $600-00 to be direct deposyied into my account.

2 weeks later i still hadn't heard from the company. I called and called and was passed from one supervisor to the next manager and no one seemed to know where my money was.

I kept calling and no one would answer the phone so i left numerous messages on their voice system. No one called me back. I also faxed them twice, but still no reply.

Then one day i called the comapny and i was told everyone was ina meeting so i couldn't speak to anyone and Stacey who had originally spoke to me was not allowed to speak to me anymore and said the matter was "out of her hands and passed on ta a manager."

After that the company must have changed their telephone number, because when i tried calling and faxing again the number no longer existed.

I started getting suspicious. I searched the internet and yellow pages and this so-called company was not even listed!!!

As a result of this and during tis whole nightmare my husband and i had to get 2 jobs each just to pay off our security deposit and we were almost evicted on several occasions.

I tried to pursue the matter legally but as a result of our workload i havn't had much time until now ( i
quit one of my jobs) to file this complaint as well as with the Federal Trade commission.

I still have not received my $600-00 to this day.

I wonder how many others have been ripped of by this company?! i am extremely upset and would like to see this matter resolved and this fake company shut down.

i saw an ad for this website on 20/20 when they investigated another scam in Onbtario, coincidence that my "lender" was in Ontario...i hope NOT!

Jacqueline
Sherman Oaks, California
U.S.A.