My husband and I were searching for a loan online and went to many different places to see if we could get approved. On Wednesday June 27 we were contacted by Andrew Perry from Cambridge Financial Group and he told us that my husband had been approved for our loan request $50,000 loan. He spoke with my husband and said that as long as we could agree with the terms of the loan then he could get it. Mr Perry faxed the loan agreement to us to sign and return. We went through the loan and signed it and faxed it back over.
On Thursday June 28 Andrew Perry called and said that we would have to pay the Collateral payment upfront before we could recieve the loan. The price stated in the aggreement was more than we could afford so we ask if we could lower the price of the loan to $25,000 and the collaterl payment would only be 1,110.20 and if we could pay it we would have our loan by Monday July 2. We accepted the new terms and they sent the new contract for us to sign and fax back.
On Friday June 29 we took the 1,110.20 out of the bank and sent a money gram per instructed by Mr. Perry to Jennifer Gibbs of Camrose Canada. We called Mr. Perry afterward to let him know that we sent the money and to give him the reference number to give to Jennifer so they could set up the direct payment in to my husbands account. We gave them all the checking information and Mr. Perry said that our funds would be in his account by Monday July 2.
Later Friday afternoon we recieved a call from Kevin Bonner who said he was also from Cambridge Financial and was taking over our case and said that the insurance company did a reassetment of our application and said we needed to pay additional funds in order to secure the loan. My husband told them we didn't have the extra money and we would have to get a refund. He urged us to get the funds from somewhere and said we would have to wait 2weeks for a refund and to call him back with in 30min and let them know what we decided. That is the last time we heard from them. There website is shut down and there phone number no longer works and were out of all our money including rent.
0 comments