Modern Financial Corp
Modern Financial Corp ripped me off promised loan after paying premium didn't deliver and disappeared with my money

Modern Financial Corp was advertised in Creative Loafing (a local community paper in Atlanta, GA) as a company that supplies secured and unsecured loans. I needed a loan to pay off major bills, and therefore contacted them at 1-888-239-1464 which is also their fax# after pressing option#3. I spoke with a representative by the name of Tabitha who asked for some preliminary information and proof of income after asking how much money I needed for the loan. I was informed that I would have to pay an insurance premium on the loan to the tune of $1,500 after I was approved and I would be contacted after 24-48hours. Unfortunately, their phone system requires you to anounce your name before anyone picks up (a feature that would later cause me great distress).

2 days later I was called by Tabitha and approved for the loan of $30k. I was to money gram the $1,500 to a person in Canada in order to secure the loan which would be wired to my checking account later that day. Needless to say, I did not receive the money, and I called back the next day repeatedly. I even had to remain silent when prompted for my name in order to trick someone into answering. Tabitha picked up and said the money wasn't enough and I need to send another $2,000 via money gram. Completely outraged I asked for a supervisor and she said a Mark White will be calling me (he didn't). I called back and asked to be transferred to him in which case he said Tabitha didn't know what she was doing, and I need to send $4,500 to secure the loan. I said I didn't have that much, he then inquired how much I could send, and I informed him that Tabitha told me it would be an additional $2,000 which he agreed on. I didn't send the moneygram for the additional $2,000 for another week. Same scenario as before, no money, called Tabitha, and she said $5,000 was required. After I completely erupted she said that I was put in for a refund of the money and I will get it back in 30 days.

Unfortunately 30 days have passed, and Modern Financial Corp's # is no longer active. I tried to send her an e-mail at tabithalock0559@aim.com, with no luck of course. I was counting on that loan to put me back on track financially, and now because of these people I have to worry about how I can fill up on gas the next time, because I'm tapped out completely. Additionally, I won't be having a Christmas because of this. I have to hide this fact from everyone I care about, and I still haven't found an excuse to participate in Christmas this year. I'm ashamed at my gullibiltiy and yes, stupidity, but my situation was extremely difficult and this would've made a world of differance to me. I am so angry at myself and at these people that it occupies my mind throughout the day. Any advice or assistance in this matter would be greatly appreciated naturally. Many thanks.

Company: Modern Financial Corp
Country: USA
State: Florida
City: Tallhassee
Address: 923 Morcambe Pl
Phone: 8882391464

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