Global Institute of Finance I was contacted in reference to a loan application I filled out on line. I was told that I was approved for a 5,000 dollor loan, but I had to place a 977.60 security payment on the money. I paid my pa New York, New York

I was contacted by Global Institute of Finance and they proclaimed to be a loan processing agency. The agent introduced her self as Kim McGuire and she proceeded to inform me that I was approved for a 5,000 dollor loan, but in order to recieve the loan I had to make a security deposit on the loan of 977.60. The security deposit on the money would be utilized only if I couldn't make a payment and the money would be reimbursed to me upon my completion of repaying the money. I agreed, a contract was sent to my e-mail I faxed back all proper documentation and send in they money we agreed upon. Shortly after I sent the money Mrs. McGuire phoned me to inform me that the loan couldn't be processed because of brokeage fees attached to my account and she instructed me to send another 720. After I informed her I sent her every penny I had to my name already she continued to insist that I send in the money. Once she finally came to terms with the fact that she had taken me for all I had, she informed me that since the loan couldn't be fully processed my money would be reimbursed to me. I asked her to e-mail me documentation confirming what she was relaying to me and I haven't heard nothing from her since nor can I make contact with a company representative.