Stanford Financial Group - Jason Banks, Dennis Weaver & David Oliver Stanford Financial, Scam or do they just lead you on asking for more and more premium upfront before making the loan? Charleston South Carolina

I myself was contacted by Stanford Financial but it was Jane Larson who stated she was the Account Executive. She said my online loan requst for $5000 had been approved. She stated that the loan was a secured loan and the "lender" requested for months payment in advance as collateral. She had me Money Gram $880 plus the $14.96 fee to a Shirley Elkhart in Thompson Canada. I called her back with the reference number and she stated the funds who be in my account by 5 pm the next day. The next day arrived and I got a call from a Peter Clayton who stated he was the Customer Account Manager and that because of my credit the "lender" requested an additional 4 months of payments in advance but this was so the "lender" could take out insurance on the loan. This time I sent a Money Gram for $885.76 plus the $14.96 to the same person and called him back with the reference number. He said there were no more issues and that the funds should be in my account by 5 pm the next day. The next day a David Oliver called stating that the lender backed out, but he had another "lender" that had agreed to give me a loan and that that "lender" had never backed out in the 12 years of doing business with them. He stated that the "lenders" minimum loan was $10,000 and that I needed to send an additional 8 months and once the lender received it he would put a rush on my funds and that they should be in my account within 4-6 business but no later than 5 pm the next day. I sent a Money Gram in the amount of $1760 plus the $35.20 fee and called him back. He said eveything was good and he guaranteed the funds would be in my account. When I got home later that day I had another voicemail from David Oliver. I called back and he stated the because of the loan amount the "lender" place a hold on my funds until the government fee of 30% was paid. He stated the "lender" who pay $1000, that Stanford Financial would pay $1000 and that I needed to come up with $1000. I did not do it and he stated that he would issue a refund but that I could not get the refund until to end of the "lenders" billing cycle which he stated was Dec. 29. I know I will never get my money back but I wanted you to know that I know what you are going through. I contacted the Better Buiness Bureau and they stated there was nothing that the could do because Stanford Financial is not even at that address.

I WAS WRONG!
DO NOT TRUST STANFORD FINANCIAL!!!!

I was in a dire situation, and manipulated into believing Stanford Financial was coming through for me, and I wanted to encourage those of you who had felt as I first did. As they say, 'Go with your first feeling...'

Not only did Stanford and Mr. David Oliver not come through what he continually termed as a 'Positive' and 'Promised' loan, within one full business day, saying, it's 'A company guarantee,' but gee, turns out there was yet, another, problem with my file! My $20,000 loan was being held by the U.S. Government due to tax, and the 'Private Lender' requested that I pay it, to the tune of $6000.00, of course, Mr. Oliver made it clear that 'Kind' Stanford Financial, would, of course, go in halves with me, so I would only need to pay, ANOTHER $3,000. No doubt, by Money Gram to another name in Canada!
After becomming irrate with Mr. Oliver and hanging-up on him, he called my home (Wow, he actually called me for a change...) and told my daughter that I had 'Shot myself in the foot,' because HE'S the only one that can help me get my money back. Oh, gee, what about that 'Binding' contract he kept telling me was protecting me??!! I called and told him to never call my home again, told him he was a liar (as all he's said has definitely turned out to be lies) and hung up on him again. He left a voice mail message at my home number, and said that because I was acting 'Childish,' and not wanting to call him back and 'Talk about this,' that I will have to bring my lawyer and come to the company to retrieve my refund.
Oh, and their 'Legal Dept.,' will be in-touch with me within five-seven business days, because they plan on suing me for defamation of character! What character??!!

I was WRONG-WRONG-WRONG in believing I had mis-judged them, at a desperate point when I felt they were going to truly come through for me. My first intuition was my correct intuition and I should have NEVER given them the benefit of the doubt. Just as you'll read in all the supporting data on 'Scams,' this 'Advance' Upfront Money as 'Collateral,' ends up never being returned or going through hell to get it returned. Upon trusting them I agreed to retract my initial comment on feeling I'd been scammed... Well, Once, 'Shame on me,' Twice, 'Shame on them!'

DON'T DO IT - Don't go down the road with Stanford Financial, there's no dead-end, just an ongoing ride of being told you must send more, more, more and never seeing the loan!

Now I am in fear for even my safety, because they have my pertinent information and because I am getting the word out with others, who knows what they're capable of, since they do not seem to have a conscious.

I have already filed a rebuttal to this original posting I placed, which was a 'Frantic' call for help as I was frustrated and anxious in my loan process with Stanford Financial, NOT realizing that it was, in great part, my own high-risk lending availablity that served to make the process not as easy as I had hoped it would be.

My confidence, TRUST and APPRECIATION have been earned by Stanford Financial, and Mr. David Oliver, Mr. Jason Banks and Mr. Dennis Weaver. Through a week and a half of their continual PATIENCE with my unending phone calls and questions, they have brought me full circle and I am THRILLED to be able to report that Stanford Financial has come through with 'Flying Colors' for me and not only has earned my utmost respect but my utmost gratitude as well. They have been there for me, when no one else would!

Sandra
Walnut Creek
U.S.A.
hernagain@yahoo.ocm