Hello. I have had a similar experience with Green Tree Capital. I received a telephone call saying that I was approved for a $5000 loan but I needed to first provide $900 as collateral in order for the funds to be released to me.
I sent the payment of $900 in two parts (each in the amount of $450) to a Michelle Harrison in Castor, Alberta, Canada by way of a moneygram transfer. I was told that this Michelle Harrison is the financial advisor of the lender.
However, after wiring the money, I was told the following day that another $900 is required by the lender because I have a high debt to income ratio. Of course, at that point I was both extremely disappointed and angry since I had almost cleaned out my bank account in order to raise the collateral.
Anyway, I decided against sending the second payment of $900, which would have given this Michelle Harrison a total of $1800. I too was told that the $900 that I sent initially will be refunded on October 18. My initial reaction to that was why do I have to wait two weeks for my money to be refunded, and, of course, there was no valid explanation.
I am worried that I will not get my refund. I am hoping that I do. I encourage anyone who is in desperate need of funds to avoid companies requiring collateral payments up front, especially when the money needs to be sent to Canada. Please be very careful. I hope that I actually get my money back and if not, I hope this report will help others not to beocme prey to this sort of thing.
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