These guys are SCAM ARTISTS! They will be packing up soon, so the name may not stay the same! Beware if you have been asked to send in money for a loan as a collateral payment, or insurance, even if by another company. Asking for money before a loan funds in the United States is illegal. Beware if they ask you to send funds to Canada. You can not touch these guys, they are outside the US. Things I wish I knew before:
I originally applied for a loan, several places actually. And after being turned down several times, I was feeling down. Then I found an ad that said guaranteed approval, no one turned away. I applied there as well.
A few days later I get a call on my phone stating that a guy named James Gardner from AmCorp Lending has found me a loan, and that I am 100% fully approved for this loan. The loan is coming from a PRIVATE source due to my bad credit history, since banks have turned me down.
I was so excited, and when I called them back I was given the conditions of the loan. The minimum loan is $5000. I was required by the lender to put forth a collateral payment of 5 months or an insurance policy, due to my bad credit history.
Ok, I could come up with that, all I had to do was PULL OUT MORE PAYDAY loans! I pulled out all the payday loans I could, and borrowed money from FAMILY!
I sent the first collateral payment via Money Gram at WALMART to a place in CANADA! I was promised the funds would be in my account that day.
While at work, I was left an urgent voice mail stating that the lender has backed out due to my bad credit history, and that the lender wanted me to put down an insurance policy as well, but would take a 2nd collateral payment.
I was suspicious, but desperate. I ended up sending them a second collateral payment which included my ENTIRE paycheck, and more borrowed money from a source that did not know I was borrowing. I sent the money the next day, again via Money Gram.
I asked several times before I sent the money if I was guaranteed the funds that day. SEVERAL TIMES! I harrassed them with several calls before I sent them the funds! They GUARANTEED the funds would be in my account that day.
Well, the funds weren't in my account, and I called them. The customer service Rep, Ethan Roberts, said to wait til 5 or 6pm. Sounded fishy, but I waited. Afer I got off work at 5 pm, I checked my account. NOTHING! My stomach sank, and paranoia set in.
I called them again, must have left 5 messages just that night. Monday no call back, I again called several times, and nothing. Tuesday morning, I get a call back. They had the wrong routing and account number, so that's why the funds didn't get into my account.
Now I was really sure that I had been taken. They got the correct information from me, and said they would talk to the lender. The thing is, I work on phones for a living, I know how to give out information clearly and slowly. I left them a message that was clear, and repeated with the information. The wrong numbers excuse did not fly.
They later called me back saying that the lender was suspicious and wanted an insurance policy of $1000. Well, I was seriously out of funds. I couldn't have sent it if I wanted to since I sent them my WHOLE pay check.
They said that they would give me a refund, and that it would take 10-15 business days by certified mail. I was hysterical. Coming from a girl who was still faced at her own father's funeral. They said they could not just send me the money back the same way I did, that it was not company policy. Deep down, I knew, I had been scammed.
It's been a few days now, but I have yet to see money to my account, or a refund, and truth is, I never will.
The bad part isn't that they got my money, but they gave me hope. I am so broke right now because of an accident, and I have incurred a lot of debt. I thought I had the answer to my prayers. I really did. They took my hope, and smashed it. Now I'm even more in debt. I took out several loans to pay for this, not regular loans either, PAYDAY loans. Money from family that really couldn't afford to give it to me.
They have pushed me over the thin bridge I was walking on, and am constantly reminding myself, that I am two steps from having to commit myself because my depression has suddenly increased. I feel like I am never going to get out of this. I am only finding a little piece by warning as many as I can.
I have reported them to all agencies I could think of. I have spent hours writing to all Amcorp Financial institutions warning them that a company has borrowed their name. I have written Walmart to tell them that this company is singling out Walmart's Money Gram service. I have written the company of Easy Tel, to tell them that it is too easy to get access to a toll free number with their "trial" period, and application.
Hopefully these corportions will respond, they have the real power here. And if they do not, I will write every news organization and lawyer I can to let them know how the corporations are ignoring the use of their company by scam artists.
These guys will change their name soon, and start over. Just remember the keys:
1. Upfront fee for loan as collateral/insurance.
2. Reputable name means nothing in the above case.
3. Sending money to Canada.
Now, I just have to fear that they will take my identity and run with it. If I remember, all the applications have fields for address, Social Sercurity Number, etc. They also have my bank account info.
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