Triple Crown Financial Services ripoff scammed of paying $1250 25% collateral for an approved loan of $5000 Miami Florida

I applied for a bad credit loan between 4/17/06 and 4/21/06 via the following site: triplecrownfinancialservices.com/formapp.htm. - which I discovered later that this site isn't secured (SSL)..stupid me.

4/24/06: After about a week, I received a call from Randy Bishop of Triple Crown Financial Services regarding my approval for a loan. The terms of the loan agreement states that if I (borrower) pay the 25% collateral payment of the loan amount($5000), the loan proceeds of $5000 would be sent to me via direct deposit to my checking account.

4-24-06: As desperate as I was, I faxed over the signed copies of the loan agreement, my ssn card, driver's license, and payroll stub to Triple Crown Financial Services. Afterwards, I received an email from Randy Bishop of TCFS instructing me to Western Union the 25% collateral payment to a "Cristal Reddick" at "Oakville" in "Ontario,Canada". I was skeptical about sending my payment to Canada so I called Randy Bishop regarding Canada and he responded by saying the "lender" that's approving my loan is in Canada.

4-26-06: As foolish as I was, I Wired $1250 (25% of $5000 loan amount) to Canada. The same day I called back Randy Bishop of TCFS with the MTCN #302-527-9111 which is the Western Union wire confirmation #. In addition, Randy Bishop told me that customer service will call me within 24 hours to confirm my direct deposit of the loan amount for $5000.

4-27-06: Received a call from Tim Daly of TCFS customer service dept. Tim Daly told me that I have to come up with an additional $936.76 to pay the "loan insurance policy" in case of lost wages, disability, or death. Tim Daly said if I don't pay the $936.76 of "loan insurance", the loan proceeds of $5000 will not be deposited to my checking account.

4-28-06: I spoke to Randy Bishop in regards to cancelling my loan and refunding my 25% collateral payment asap; Randy told me it'll take 15 to 30 days til I get my refund via "courier check". I told Randy that I need my refund asap and he responded by disconnecting the call. When I tried to call him back, he forwarded my call to his voicemail.

5 to 10 minutes later, I received call from Tim Daly telling me that they're willing to negotiate the $936.76 to $770. At this point, I verbally cancelled the loan and demanded Tim Daly my refund of $1250 + $88.99 (Western Union fee).


Please be aware peeps! Don't be a victim like me.

Ronnie
Pearl City, Hawaii
U.S.A.