Newport Lending Group Promised me a $8500.00 loan with only $840.00 as a collateral payment! Wichita Kansas

I went on the net to find a lender because I am divorcing my husband who put every debt into my name, then refused to pay, ruining my credit severely! We sold our farm at a significant loss, not getting out of debt completely. I am living in my car with my cat and 3 dogs, so I am in dire need of a place to live!

The rent is rediculous and I can buy a Mobile Home for far less, so I needed a lender! Derrick Matheson called me, told me that none of their banks would do a loan for me, but they have a private lender who would give me the $8500.00 @ 7% interest for a term of 5 years, making my payments $168.00 per month! The only stipulation is that I send them 6 months of payments for collateral ($840.00)!

I was so tired of being on the net and begging to anyone who would listen, so I was so releived and excited!!! I did have doubts, but I called the Wichita Better Business Bureau and they stated that they are a company who is not a BBB member, but they haven't had any complaints/or not a sufficient amount of complaints to make a report on them! So I sent the money through Wal-Mart by Money-gram to Reynolds, Ontario Canada.

The following day, I didn't hear from them as promised and there was no money placed into my account as promised, so I called them! Derrick refused/ducked my calls! I then called Customer Service and spoke to Brandon Foster. He claimed that their were problems with my information and they needed another $840.00! I said no way, that's all I could get my hands on! I gave them my christmas, food, & gas money!!! I told him to send me a refund immediately and he claimed they would on the 30th! The 30th came & left, I got nothing!!!

I called numerous times and after they refused my calls for a couple of days, they had a tape saying that my universal account has been put on hold temporarily, if you have any questions, please contact customer service, thank you, Good-bye. Customer service is the same phone number and I get the same response!!!

Barbara
Rockville, Minnesota
U.S.A.