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Report: #546368

Complaint Review: Precision Lending Group - Miami Florida

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  • Reported By: What a Fool — home town guy New York United States of America
  • Author Not Confirmed What's this?
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  • Precision Lending Group 555 North Eats 15th Street Miami, Florida United States of America

Precision Lending Group (RIP OFF) Miami, Florida

*Consumer Comment: Sorry

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I received a call from a company called Precision Lending group, specifically Ben Freeman, who is an account rep for this bogus company. He called to inform me that my request for a $5000 dollar loan was approved, Boy was i excited, I was instructed to send 9 monthly payments in advance that will be credited towards my account, seemed a little questionable, but i need the money, so i send the money ($1042) to Canada, hmmmm ok, Dosent seem right, but hey i need the money... contacted Ben and he said every thing looks good and i should have the money in my account by tomorrow, yeah right, i recieve a call from John Flemming the "manager" who said" after the re assetment I am required to send an additional (9) months of payments, so i explain to him that if i had $ 2000 dollars to send that i wouldnt need the $5000, makes sense right?.. so he goes on and "assists" me by giving me a credit, so now all i need to do is send in $650 dollars and that would secure my loan, and they would release "my" funds... so i contact John a few days latter and explain to him that i can not come up w/ the money, some what of a heated argument between us as he spoke about me not reading the contract section 9 in paticular, I ask for a refund of my money, and he refers me back to section 9 of the so called " cotract " saying that the funds will not be released untill the 18th of january, so thats were im at with this now, waiting untill the 18th of january.... truth be told, i dont expect to see not one red cent, so a WARNING to those out there....STAY AWAY FROM PRECISION LENDING GROUP.. dosent seem like any good can come from it and not to mention you will be worse off than what you started.....

This report was posted on Ripoff Report on 12/28/2009 02:34 PM and is a permanent record located here: https://www.ripoffreport.com/reports/precision-lending-group/miami-florida-33132/precision-lending-group-rip-off-miami-florida-546368. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Consumer Comment

Sorry

AUTHOR: Susan - (USA)

POSTED: Monday, December 28, 2009

You wont get a cent back.  You sent your money to Canada and they protect scam artists. 

Notice here in the US, a valid loan company will not say you have to pay to borrow other than a downpayment etc. on a house. 

What I don't understand is why people keep sending these scammers money. If you had used that $1042 paying on your debt, you would now only owe $4000.

Call your bank and tell them about this so they can guard against these people trying to debit your account.  It would also be a good idea to enroll in a credit protection program.

They have your name, birthdate and account number.  The nice person who said the computer is slow and asked about where you were born etc. was fishing for identity theft info.

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