Two weeks ago I went on to a website and applied for a loan. Last Monday a lady name Joanne Hall called me @ work and said that she was from Royal Oak Financial and that I was approved for a $5,000.00 loan. She further stated that she could not get me approved through a bank, but a private lender. I had two choices for getting this loan 1.) have a co-borrower with a 710 beacon score and an annually income of $70,000.00 2.) pay an up front insurance fee of $1043.00. She emailed me some loan documents to look over and she told me to call her back within ten days letting her know what I wanted to do.
I called her last Thursday and told her I was getting ready to do the western union, but I was very uncomfortable with this and I hope that this wasn't a scam. I did check on the BBB and because I saw them listed I was somewhat okay, but still not comfortable sending this money which I didn't have it was money for my rent and other bills. But I sent the money in faith that the 5k would be direct deposited into my bank account and I would be able to pay my rent and other monthly bills.
I sent my western union to Lisa Jones, in Barrie Ontartio, supposedly with Allensbury Insurance Group. As of today, I have not received the loan and just last night I was called by another employee, supposedly in customer service named Carolyn Parker, who told me that my loan was being held because the private lender wanted an additionally $1100.00. I proceded to tell her that I think that they were a scam and I just wanted my up front fee returned to me. She told me that she would process the request and I asked that she email proof that this refund was being taken care of. I called her tonight and she said that she could not email me the proof yet because the refund process had not been complete. Right now, my bank account is over drawn $721.00 and I my rent check hasn't even been deposited. I am a single mother and a salaried paid supervisor. If I don't know how I am going to recover from this financially.
My first question is how is this company still in business? Secondly has anyone been successful in getting their upfront fees returned?
I have gone as far as threaten to expose them, because I work for a newspaper and television station, looks like I might need to contact one of the reporters to see what can be done.
I have begun the process of contacting, consumer affairs, federal trade commission and the canada police.
Please contact me with any assistance that can be offered.
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