I recently had applied for a personal loan with the company USA Funding Institution. I had checked out there website, and called the BBB to gather information. They had looked like a good company. Come to find out it was a scam. Me being a young kid, trying to get back on track and get my finances in order I thought this company could help me out. They had said I would need to get a an insurance policy to cover the loan, in case of default or loss of job or anything. I am a higher risk individual and with all the bankruptcy cases this seemed reasonable. So Thursday October 7th I had talked with "LISA" at this company. She had assured me the loan would be for $10,000 and I would need to Western Union $315 dollars to them and that would insure the loan. SO I had sent the money via Western Union, which I was a little weary of anyway, but she said I would have to do it this way instead of a check due to scamming from other people. HA - ironic. Anyway, on Friday morning "LISA" had called and said because of my credit they couldn't do the lowest insurance they would have to do the middle insurance (she had initially given me three different insurance quotes). So I gathered up another $315 and sent them again via Western Union, the $315. I was in distraught because my checks a week are only $370 and it had cost me $357 to send the first one. I had talked with the supervisor "TONY CLARK" and he had assured me everything was good, gave me a big line of them not being scammers and blah, blah, blah. "TONY" had assured me the money would be in my bank account at 12:01 am Saturday October 8th. Of course, Saturday morning, no money. Saturday I had called, talked with "LISA" and "TONY" and they were down right nasty with me. "Tony" hung up on me and "LISA" was just plain out RUDE. "TONY" once again, had assured me Monday it would be in my account. Monday, had came, no money. Of course, they were closed on Monday, so Tuesday I had called again. I asked "LISA" what bank account number she had for me, she just rattled off numbers. Not even close to my bank account number. So that is when I started calling the ATTORNEY GENERAL OF NEW YORK, the ATTORNEY GENERAL OF ILLINOIS, Lawyers, police, and of course my bank. I am in the process of filling out all of the complaint forms for the Attorney Generals to get this company and there little scams. As I said, I am a younger kid, and hoped this would help with bills and educational expenses. I had called the company again last night, and am trying to get my $700 back for the Western Union transfers. I am pretty sure this is going to be a lost cause. I just don't want anyone else to get scammed by this company. It's sad that there are people out there in this world that make their money ripping off people that are trying to help themselves. I have included their email address that was off of there website.
The website is now not showing up when I do a search today, but you can still get it by typing in usafundinginstitution.com/
The number for this institution is 1888-297-2961 or 1888-223-6194.
I had called AGAIN this morning to talk with the Legal dept. Everytime I have called to talk to their legal DEPT the have been in a "STAFF MEETING".
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