I found an advertisement in a local paper that advertised loans for people with no credit/bad credit for home loans/business loans/auto loans, etc. I called the number, left a message and a few days later a foreign woman called me to get info for a loan. I gave her name, address, social security #, etc. She called back in about a week to a week and a half to let me know I was approved for a business loan in the amount of $250,000.
She, also know as Marsha Green, discussed the details and the process of the loan. She explained that in order to get the loan, it had to be backed by an Insurance Company, (Insurance Central, Inc.) and the premium for a $250,000 loan was $5972.20 which included the first 2 months payments. It seemed reasonable because we would not have to start making payments until the third month. We thought it was not such a bad down-payment for a $250,000 loan so we agreed to send them the money. Well, the money had to be sent by Western Union, which as you know is cash only plus a $260.00 fee for sending the money. Another thing, the money had to be sent to a courier person (Aretha Hoffstead) in Richmond Hill, Ontario, Canada.
Once the money was sent, we were promised that the funds would be direct deposited into our bank account, of which we gave them all of our bank info. Several days went by, the money was not deposited, we couldn't get any returned calls, Marsha Green had been transferred to another office.
We finally spoke to a supervisor, Mike Baker who told us that Marsha failed to mention an allocation fee of $1300.00 that was left out of the contract and until they received the $1300.00, our loan could not be funded. We really did not think we should have to pay the $1300.00 because it was left out of the original contract. However, we did send the $1300.00 plus $95.00 fee to send it by Western Union. The money was paid to Aretha Hoffstead in Canada on Saturday, April 27. For some unknown reason, Tridel did not receive the money from Ms. Hoffstead and therefore they could not fund us our loan. We found this out several days and many phone calls later. Apparently, the money was misteriously sent to the wrong company, in the Virgin Islands and it was taking too long to get the money back, so we need to send another $1300.00 to replace it. We refused to do that, so they closed out that loan and applied for a loan from another lender.in order to get the loan from this lender, they required an additional amount $1381.19 for the loan to be funded. We were very skeptical at this point, but decided we had too much money invested to loose and not get the loan, so we sent the $1381.19 plus $95.00 fee. Well, as you can imagine, days went by and many phone calls and faxes, with no response or responses of being put off or we need to talk to someone else, because the person we last dealt with was moved to another office. Days later, we finally spoke to Kathy Galloway, the head of the Financial Dept who explained to us that they needed an additional amount of $1255.20 because of our bad credit.
Very frustrated and skeptical at this point, my husband and I both spoke on the phone to Kathy Galloway, the first person that sounded ligitimate and like an American who explained our situation in detail and was very apologetic about the misunderstanding, and assured us that when this $1255.20 plus $95.00 fee was received, the money would immediately be deposited into our account. Well, as luck would have it, the money was never seen, the 1-866-803-9780 phone number was disconnected along with the two cell phone numbers we had.
So, over $10,000.00 later, we have been screwed. The address they gave us of 4000 North Centreal Avenue, Suite 204, Phoenix, Arizona, 85004 was a bogus address because we had someone we know, go by to see if they really existed. As you may have guessed, someone else was in suite 204, and no one in the building had ever heard of them.
Whenever we called to talk to them, they always told us they were in the eastern time zone, which Arizona is not. We believe they are operating out of Canada. They were all liars and con-artists and we were stupid fools for believing them. We were very desprate to get our new business up and going, and after the initial amount we sent them, we felt like in order to get the loan, we had to respond to their request. We are now closing out our bank account which they have all of our information from. Nothing against foreigners, but 99% of the people we spoke to at Tridel were foreigners, and some of which we could hardly understand.
Do not ever respond to an ad in the newspaper that promises a loan, especially one that has only minimal information from you and very quickly you are approved. MOST ESPECIALLY, DO NOT EVER SEND MONEY IN ADVANCE TO COVER AN "INSURANCE POLICY" THAT COVERS THE LOAN AMOUNT IN CASE OF DEFAULT.
We would love to get our $10,000.00 back but I am positive we won't, but if we can keep someone else from getting screwed, we will feel much better.
Dana
Tomball, Texas
0 comments