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Report: #427953

Complaint Review: American Credential Lending - New York New York

  • Submitted:
  • Updated:
  • Reported By: Melrose Park Illinois
  • Author Confirmed What's this?
  • Why?
  • American Credential Lending 10 Hanover Square New York, New York U.S.A.
  • Phone: 866-501-2398 x 448
  • Web:
  • Category: Loans

American Credential Lending ,American Credential Lending was to provide a loan for bad credit from a third party Angel Investor New York New York

*Consumer Comment: Don't hold your breath

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Back in the beginning of December, I was doing some researching about getting a loan for bad credit. In needing the loan badly due to unforseen circumstances, I have come across a website for American Credential Lending. It all seemed legitimate and provided testimonials and phone numbers. They also stated they specialized in Angel Investing through third party. I filled out the form and received a call back within the week.

I spoke to a Debra Harper and questioned her on everything. She stated this was a legitimate business according to their laws. She emailed me the paperwork on the loan and the options I had to secure my deposit. I have all these documents to date, and they seemed legitimate. Providing the policy type, the terms and agreements and the guarantee of my loan of $7000.00.

I had two options to secure my loan-one was to provide the funds to cover the insurance or to provide collateral-which was $700 for the 3 months payments of the loan to their third party investor. I had questioned and grilled this woman to the extent and she assured me this was legitimate. I proceeded to wire the money via Money Gram to their third party investor whom was named Eric Globowski in Canada. I made several calls to this Debra about this investor and asked why in Canada? and she states they have lenders everywhere willing to lend people money to the US. Anyways, this woman was so convincing that I went ahead and sent this over.

I then realized this might be a scam and called Money Gram and filed a report, which they told me it was and I also filed a report with the FBI. I called back American Credential Lending and spoke to someone else to request a refund and was told that I have to wait 45 days according to their policy.

So here I am now, called the number, just got a pre-recorded message of "Thank you, Goodbye." Then looked up the website and it is gone. Now I am waiting on the FBI to do something about this so called business. I have all documents to support these policies and agreements to which they have not obeyed.

Trese
Melrose Park, Illinois
U.S.A.

This report was posted on Ripoff Report on 02/24/2009 12:22 PM and is a permanent record located here: https://www.ripoffreport.com/reports/american-credential-lending/new-york-new-york-10005/american-credential-lending-american-credential-lending-was-to-provide-a-loan-for-bad-cre-427953. 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

Don't hold your breath

AUTHOR: Flynrider - (U.S.A.)

POSTED: Tuesday, February 24, 2009

You will not be seeing your money again. You're a victim of one of the most common online scams on the 'net these days. The company offering the loan was fake (as are all of the documents you have). The scam is basically a couple of people with web access and a throwaway cell phone. The key is to get you to send an untraceable moneygram to someone you don't know (which you did). Once they have your cash, they kill the website, throw away the cell phones and move on to the next victim.

Since the funds went to Canada (also a common part of the scam), it's very unlikely that the FBI will be able to do anything meaningful. They'll have to enter into some kind of cooperative effort with Canadian law enforcement before they can even start to get a handle on this scam.

Bottom line : Do not send moneygrams or wire cash to anyone you don't know. The cash is untraceable and scammers know this. Almost every scam on the 'net these days involves moneygrams or wire transfers to separate the victim from their cash.

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