A few weeks ago in February a Weston Financial Group representative, Peter Freeman, told me I was approved for a personal loan of $5,000.00 with a low 6% interest. This 1 year loan sounded so good I asked why it was 6% and he said it was because they work with angel investors.
He walked me through the steps of the loan and then said I would have to pay for insurance on the loan. First they faxed me some documents on the loan and had me sign it and fax it back. Then they told me I would need to make a collateral payment for the first two months of the loan $850.00 (approx) which is the insurance costs.
After signing and faxing the documents they said payment through money gram to woman in Winnipeg, Manitoba, Canada to purchase insurance on the loan. After that I was supposed to receive my loan withing 24 hours but because I sen tit on a Fri they said Mon morning. They told me it would be directly deposited into my bank account.
It is early Mon Morning and I decide to do more background check on the company (which I did and I didn't find anything negative). This time however I typed "money gram loan scam" and I found someones post on this site describing my situation exactly. The post was so exact that I copied and pasted it for most of my post only have to change names and location.
I was just waiting to check my account for the loan funds and after checking this site I am very concerned. I will definitely be looking for legal advice to escalate the situation.
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