ED Magedson – Founder
SilverThorne Group1757 Veterns Memorial Hwy, Islandia, New York USA
SilverThorne Group Bill NickelsonEricka Palacios They said i was approved for the loan and that i would have to send them $297.00 for the insurance to cover the loan incase i defaulted on it. Islandia New York
I had applied for a bad credit loan on this website www.silver-thorne.com. They had called me the next day to let me know that they has a lender who approved me for a $3000.00 loan. The only thing i would need for them to process my loan was to have a co-signer,or collateral or i would have to send $297.00 for an insurance which would cover 90% of the loan if i ever defaulted on the loan.
He had told me that i would need to send the payment to the lender either by western union or moneygram. I had to send it in the name of Ericka Palacios which was located in Georgetown, Ontario, Canada. Then i would receive my loan into my bank account within a few hours. When i didnt receive my loan i called him back and he told me that the lender decided not to give me the loan because the lender did not want to pay the taxes on the loan.
He asked me if i was willing to pay the $200.00 for the taxes and then i would receive the loan but i refused and i asked him to return me my money back. He said i would receive it the next day but never received anything and all of a sudden everythime i called there number always had a busy signal. I called from another phone and he answered. I asked him where was my money and he huung up and sent that number to an answering service.
This report was posted on Ripoff Report on 08/01/2013 01:37 PM and is a permanent record located here: http://www.ripoffreport.com/reports/silverthorne-group/islandia-new-york-11749/silverthorne-group-bill-nickelsonericka-palacios-they-said-i-was-approved-for-the-loan-an-1072175. 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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