Alpha Capital Group Dirty Scam Loan Business Practice ripoff New York, New York

Alpha Capital Group contacted me on 8/22/06, that I have been approve for secure personel loan of $17,000, payable over a period of 4 years at a rate of 9% and a monthly payment per month. I needed to fax my personal information over to them such as my drivers lic., check stub from where I work and my SS# card.

I was than faxed a loan agreement to sign and was told that I would have to send 1,318.00 for insurance deposit. I told them that I would have to talked to my husband about this and would get back with them.

The next day 8/23/06 I signed the loan agreement and faxed it back to them and wired the insurance money to them through Western Union to a Canada lender. Was told that the money would be direct depoist in my bank account within 2-3 hours after they received the insurance money.

Next day 8/24/06 I was called and was told that something was wrong with my credit. That I would have to send another $920.00 dollars. I said I can not do this. They told me that I would get all this back in a $2000 dollar goverment grant and all my western union deposits would be refunded back to me. They faxed me a promisssory note saying all this in writing.

I was about to send this money again when I came across this website and saw their company on here and the same thing has happen to other people.

They kept calling me saying that they have not received my other insurance deposit.

I told them that I had seen their business on the bad business bureau and that they were not a honest company. They than told me that the reason these people were complaining is because their credit was not good at all and they all will be receiveing their refunds back within thirty days. I called back 9/8/06 to see how my refund was going I was told that is was out of their hands it was now in the lenders hands. I asked for the phone number for the lender and was put on hold they never returned back to the phone.

Still have not seen my refund I tried calling the phone number is not working anymore.

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Mineral Wells, Texas
U.S.A.