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Report: #399639

Complaint Review: Credit Gate Loans - Ontario

  • Submitted:
  • Updated:
  • Reported By: lansing Michigan
  • Credit Gate Loans creditgateloans.com Ontario Canada

Credit Gate Loans They told me that I was approved for a loan for $8,000, then told me that I needed to put down a deposit of $1,024. So I sent it Western Union, and never received my loan. Ontario California

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I was contacted by someone by the name of Cathy Lawson from Credit Gate Loans. She told me that I was approved for a loan, but I needed a deposit. Actually, I still have the e-mail that she sent to me with the loan documents to sign and fax back to her. Here is the e-mail:

Hi Loukesha:

As discussed, attached is a copy of the terms and conditions of your recent loan approval.

Please review and feel free to contact me with any questions or concerns.

Regards,

Cathy Lawson
CREDITGATE LOANS
Tel 888 282 3728
Fax 416 906 2959

Here is the attachment that she sent with the e-mail:

2284 PINEVALLEY DRIVE WOODBRIDGE, ONTARIO M1W 5A3


date: September 19, 2008
to: Loukesha Lee
from: Cathy Lawson
telephone: 1 888 282 3728
FAX: 1 416 906 2959




PLEASE FAX BACK PAGES 4 & 5 FROM YOUR CREDITGATE LOANS SHEETS AND INDICATE HOW YOU WOULD LIKE YOUR FUNDS DISTRIBUTED TO YOU. PLEASE PRINT CLEARLY AND ENSURE THAT YOUR ADDRESS AND BANKING INFORMATION ARE CORRECT.


WHO DO I CALL IF I HAVE A QUESTION?

CREDITGATE LOANS PROVIDES SERVICE IN ENGLISH AND OPERATES FROM 9AM 9PM E.S.T., MONDAY THROUGH FRIDAY AND 9AM 5PM E.S.T. ON SATURDAY.




PLEASE CONFIRM RECIEPT OF DOCUMENTS







Enclosure(s)

















2284 PINEVALLEY DRIVE WOODBRIDGE, ONTARIO M1W 5A3


DATE: September 19, 2008
TO: Loukesha Lee
ADDRESS: (((ROR redacted)))
SUITE:
CITY: Lansing/MI
ZIP CODE: 48911
Thank you for choosing CREDITGATE LOANS to act on your behalf in finding an appropriate solution for all your financial needs. At CREDITGATE LOANS we are committed to helping our thousands of customers achieve their financial goals since 1991. Our Vision is to Win Customer Loyalty Through Service Excellence. We respect the privacy and integrity of the information you share with us. We see this as our responsibility and minimum standard for meeting customer service expectations.

At CREDITGATE LOANS we realize that no matter how carefully you plan your budget it may not always stretch as far as you need it to. You know that borrowing is an option, but you sure want to make life easier, not more complicated. How much should you borrow? What is the best way to borrow? Here, at CREDITGATE LOANS we welcome your questions and we will work with you, for you, to help you feel at ease when looking into what is available.

We are committed to treating you with courtesy, professionalism, and respect at all times. No matter what the financial goals, in turn, we hope to earn your respect with our loyalty.

Sincerely,

CREDITGATE LOANS




Tim Peters
President






OUR MISSION IS TO ENSURE OUR CLIENTS RECEIVE EXTRAORDINARY CUSTOMER SERVICE AND MAXIMUM SATISFACTION THROUGH ALL INTERACTIONS





2284 PINEVALLEY DRIVE WOODBRIDGE, ONTARIO M1W 5A3

POLICY TYPE

CREDITGATE LOANS loan coverage was introduced into the financial loan industry as a method to protect the lender(s) from the occurrence of default upon the loan agreement. This safeguard against loan default protects the lender in the event that the loan recipient forfeits on the Conditions of the Agreement. The loan recipient is protected from specified uncertainties that may prohibit the appropriate payment of the loan as specified in the loan agreement. CREDITGATE LOANS has significantly altered the way loans can be granted and some what leveled the playing field in terms of following increased opportunities for individuals to complete effectively in today's national and global economy.

Policy Period 09/19/08- 10/20/13
Total Payback $9,790.20 U.S.D
Payment Plan $203.96 Per Month
Interest Rate 8.25% Fixed
Security Deposit $1,105 U.S.D


On behalf of CREDITGATE LOANS, I would like to take this opportunity to welcome you as a new client to our family. Our service consultants will be responsible for handling all aspects of your account with us once your loan requirements have been satisfied.
Again, we appreciate your business and value you as a client.

Sincerely,

CREDITGATE LOANS




Celeste Anderson
Head Accountant











WE ARE DRIVEN BY PASSION TO CREATE BUSINESS THAT PROVIDES NEW SOURCE OF VALUE TO OUR CLIENTS


2284 PINEVALLEY DRIVE WOODBRIDGE, ONTARIO M1W 5A3


TO: Loukesha Lee LOAN AMOUNT: $10,000.00U.S.D

Congratulations, we are pleased to inform you that you have been approved, but are still waiting on a copy of your acceptance form as well as your deposit.

The final process of your loan, once we receive all documents, from this point will take approximately 2 business days. In order to make this process as efficient as possible, please choose one of the following options for your loan disbursement and indicate your preference.

Your funds will be disbursed to you by one of the following methods of your choice:
Sent to you via courier, which will take 48 -72 hours.
Directly deposited into your account, which will take between 24 - 48 hours.

If you would prefer your loan documents to be sent via courier, please fill out the following information.

NAME_____________________________________________________________________________
ADDRESS__________________________________________________________________________
TELEPHONE ______________________________________________
BUSINESS TELEPHONE ____________________________________
If you would prefer your loan to be direct deposited, please fill out the following information.

BANK NAME_______________________________________________________________________
BANK ADDRESS____________________________________________________________________
TELEPHONE NUMBER ___________________________________________________
TRANSIT NUMBER_________________________________________________________________
ACCOUNT NUMBER________________________________________________________________
TYPE OF ACCOUNT___________________________________________________________
Once we have completed all processing, we will proceed to contact you in order to confirm the above information.

Sincerely,

CREDITGATE LOANS



Cathy Lawson
Financial Consultant











2284 PINEVALLEY DRIVE WOODBRIDGE, ONTARIO M1W 5A3

Dear Loukesha Lee,
CREDITGATE LOANS would like to thank you for accepting the terms and conditions negotiated on your behalf. This letter is to confirm that here at CREDITGATE LOANS; a copy of your acceptance form is pending.
This document verifies that Loukesha Lee will be responsible for the repayment of the loan amount of $10,000.00 U.S.D over a 5-year term, at a payment of $203.96 in U.S. dollars per month, as of October 20th, 2008 amortized at a fixed interest rate of 8.25%. The security deposit of $1,105.00 will be paid to CREDITGATE LOANS, you will then be sent a release form to verify that you have received your disbursement, and additional paperwork will follow by mail. I ___________________________, (PLEASE PRINT) have read understand and agree to all the terms and conditions negotiated on my behalf. _________. (PLEASE INITIAL) I understand that failure to repay the loan amount that I will borrow will result in my personal credit bureau being forwarded to a collection agency. _________. (PLEASE INITIAL) Security deposits (if applicable) are refundable within 90 days providing that your first three monthly payments are paid in full or negotiated collateral is provided before the end of the 90-day period. Invoices are mailed monthly, and are due on the specified due date, or a 3% late fee will be charged. CREDITGATE LOANS Has negotiated your terms and agreement, based on the information provided on your application, and credit history. I consent to, and accept this as written notice of, your obtaining, disclosing or exchanging any credit, personal, or other information about me at any time, from, to or with any credit bureau, personal information agent, credit grantor or issuer, my employer or other person in connection with any relationships between us or those which you or I may wish to establish you. You, your affiliates and service providers may use any of the information relating to my account, to offer services and enhancements, or me and for any purpose not prohibited by law. I also consent to the use and disclosure at any time such personal and other information: (i) for the purposes of offering me any loans of yours or anyone else (including your affiliates), that you believe may be of interest to me; (ii) to determine which loan benefits, services or enhancements, and/or which other loan service offers which may be of interest to me; (iii) for such other uses as are not prohibited by law. CREDITGATE LOANS provides loans to clients accepted through credit referral. The security deposit policy protects the lender against failure of repayment, by any of the following reasons: Death, Loss of Employment, Long & Short Term Disability, and in case you plan and or simply fail to pay the lender the funds negotiated in the loan agreement. To be eligible for disability or loss of employment benefits, the person claiming such benefits must have been insured and gainfully employed on a full time basis at least 25 hours per week at the time of loss. Benefits begin 30 calendar days of disability or loss of employment and are retroactive to the first day. Additional charges after the date of loss are not covered. Disability and Loss of Employment coverage are subject to a maximum of 12 monthly payment periods or return to work, whichever occurs first.
I have read, understand and agree with all the conditions pertaining to the terms and fees.
Applicant (Please Print) __________________________________________________________
Co-Applicant (Please Print) ________________________________________________________
Signature of Applicant ___________________________________________________________
Signature of Co-Applicant(s)________________________________________________________
Date (mm/dd/yy) ________/ ________ /________
Sincerely yours,
CREDITGATE LOANS

Tim Peters
President





2284 PINEVALLLEY DRIVE WOODBRIDGE, ONTARIO M1W 5A3

IMPORTANT INFORMATION ABOUT SECURITY PROTECTION PLAN
You are eligible for enrolment in the Security Protection Plan if you are under the age of 70 and a resident of Canada or the United States. Only one member per account is eligible to enroll in the Security Protection Plan and will be insured for benefits. You are not eligible for the Security Protection Plan if your account is past due. Your certificates, which will explain all benefits and terms of coverage, will be mailed to you upon enrolment. You may cancel with no obligation within 30 days of receipt of the certificates. The certificates will indicate your effective date of coverage. The Security Protection Plan coverage terminates at age 70.
INVOLUNTARY UNEMPLOYMENT / DISABILITY / FAMILY LEAVE BENEFITS AND TERMS:
Payments will be made for up to 24 full months, or until you return to work, or until you receive the maximum benefit, whichever comes first. The maximum benefit is limited to the lesser of your insured outstanding balance on the date of loss (excluding any past due amounts) or $500,000.00. Benefits begin after the 30th consecutive day of unemployment, disability or family leave and are retroactive to the first day of unemployment, disability or family leave. The monthly benefit will equal the minimum monthly payment due on our account (excluding past- due amounts). If you increase your monthly payments while receiving unemployment, disability or family leave, the increased monthly benefit will only apply to paying off the balance as of the date of unemployment, disability or family leave, and your claim period may be shortened. For unemployment, disability or family leave coverage, you must be gainfully employed for at least 30-hours a week for at least 90 consecutive days prior to the date of loss and not be self-employed or an independent contractor. Unemployment does not cover retirement, voluntary resignation or forfeiture of salary, disability caused by accident, sickness, disease, pregnancy or childbirth (except complications of pregnancy,) intentionally self-inflicted injuries, or a condition that required medical diagnosis or treatment in the six months before your coverage began, if the loss occurs in the first six months of coverage. Family leave does not cover leaves commencing within 90 days after your effective date of coverage, voluntary resignation of forfeiture of salary (including as a result of strikes), paid leaves, leaves arising as a result of pre-existing conditions, childbirth or adoption, or termination of employment as a result of willful or criminal misconduct.
ACCIDENTAL DEATH INSURANCE BENEFITS AND TERMS:
Payment will be made in the amount of your total insured outstanding balance at the time of death (to a maximum of $500,000.00). Accidental Death Insurance does not cover suicide, loss due to sickness, disease or treatment thereof, normal childbirth or elective abortion, loss due to war or participation in a riot, while intoxicated, due to the use of drugs not prescribed by a physician, while riding in an aircraft not as a passenger or in an aircraft which is operated or leased to you or your employer, while committing or attempting to commit a crime, or while riding in a vehicle engaged in a contest of speed.
CRITICAL ILLNESS BENEFITS AND TERMS
Payment will be made in the amount of your total insured outstanding balance (to a maximum of $500,000.00) at time of diagnosis for the heart attack, stroke, cancer, coma, coronary artery disease- refers only to bypass surgery, major organ transplant, multiple sclerosis, muscular dystrophy, paralysis, renal failure, alzheimer's or total blindness. Critical Illness Insurance does not cover a disease or condition first diagnosed within 60 days after the effective date of coverage or if the disease or condition was diagnosed prior to the effective date of coverage and you have not completed a period of at least 180 consecutive days free of all symptoms and medical treatment/services, including taking drugs/medicine, for such disease or condition.












2284 PINEVALLEY DRIVE WOODBRIDGE, ONTARIO M1W 5A3



Loukesha Lee
(((ROR redacted)))
Lansing/MI 48911

Dear Loukesha Lee,

We respect the privacy, and guarantee the information you have provided us with will remain confidential.

At CREDITGATE LOANS, we realize carefully planned budgets may not always stretch as far as you may need them to. Borrowing is always an option that can be taken for some; it makes life more complicated than easy. Here at CREDITGATE LOANS, we welcome your questions and will work to help you feel at ease exploring what is financially available to you. Our company is committed to treating our customers with courtesy, professionalism, and respect.

We abide by all laws handling governing documents for identification purposes. All information and documents supplied to us as used solely for the purpose of obtaining your loan, as well as for credit references. This information is confidential, and cannot be released without the written and/or verbal consent of the client. We trust that all the information provided on your application is accurate. Failure to provide correct information on your application could result in this contract determined null and void.

Based on the information you provided we have obtained approval to process your loan request of $10,000.00 U.S.D.

We have adjusted your terms to suit your personal financial needs, and hope that we can have a mutually beneficial future together.

Thank you,

CREDITGATE LOANS




Cathy Lawson
Financial Consultant





Now didn't that look convincing?
I never received any of the loan money. And when I called her back, I told her that I hadn't received any of the loan money, and she told me that I needed another deposit. But I didn't send that one. Then I told her that something didn't seem right and to just send my deposit back. She told me that she would and it would take about 7-10 business days. I have never received that money. And I left her several messages after that telling her that I have reported that company to the police and everything. After that, the website was taken down, the phone number disconnected. I really did report them to the police in Ontario as fraud. And I am still waiting to hear back from them. And that was in September 2008.

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

Kesha
lansing, Michigan
U.S.A.

This report was posted on Ripoff Report on 12/09/2008 01:41 PM and is a permanent record located here: https://www.ripoffreport.com/reports/credit-gate-loans/ontario/credit-gate-loans-they-told-me-that-i-was-approved-for-a-loan-for-8000-then-told-me-th-399639. 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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