Usacomplaints.com » Business & Finance » Complaint / Review: Royal Oak Financial Group - Scam alert, ripoff fraud alert dont send any money. #173209

Complaint / Review
Royal Oak Financial Group
Scam alert, ripoff fraud alert dont send any money

I had put in for a loan on the web and was contacted by Royal Oak Financial Group. They played there part real well and took my application online. 2 days later Donna Callawy a so called financial loan supervisor contacted me and said they would send me a contract to look over and sign. They also stated that due to my credit that the Banks and differnt loan companys had denied my loan but they got it approved through a very reputable private lender.

They said that all he asked was that we carry disability and life insurance on the loan for the term of the contract to cover him since it was an unsecured loan. The insurance premium was $2000 and I was suppose to pay $1000 up front and the other $1000 would be scattered over the period of the loan which was 72 months at 8% at 350.66 a month for $20,000. They get your bank account information because they guareentee your loan into your account within 12 to 24 hours. 2 days later the insurance lady from so called Allenberry Insurance group calls me and states there has been a mistake in my loan that the insurance premium has to be paid in full upfront and that the Donna Callaway hadtold me wrong and that she had been warned before so she was on 6 weeks suspension and no pay for her time out.

I told the lady that I couldnt do that for I didnt have that kind of money and told her to refund my money that I had to send them through Western Union to AMY NOVAK. She stated it would take 8 weeks to get my refund. I told her she would send it back to me the same way I sent it and I better hear from her that day. She hung up the phone on me and I havent heard from them since.

If anyone tells you to send money upfront its a scam and if they try to get you to send money to Canada for a loan regardless what its for The canadian phone buster line insured me that they do not make loans to anyone outside of Canada for any reason and if they ask you to you are being scammed no doubt about it. They have scammed over a 150 of us all ready dont be next.


Offender: Royal Oak Financial Group

Country: USA   State: Michigan   City: Troy
Address: 1441 East Maple Road Suite 103
Phone: 877809415683

Category: Business & Finance

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