Fidelity Lending Group
They got me big time i should've done my homework

How stupid can i be... I feel so stupid, hurt, and frustrated. I have struggled with my credit, been trying so very hard to rebuild it. I applied for a personal loan a couple of weeks ago online through a different company. I had no responses.

Then, out of the blue last Wednesday night, a gentlemen by the name of Allen White contacted me about the application that I had made over the internet about the personal loan. He said that the company he works for. Fidelity Lending Group, specializes in the field of providing personal loans through private lenders. He said that he had a private lender whom looked at my application, and was interested in doing a personal loan.

I couldn't believe it, I had actually gotten approved for a personal loan, I was so excited. He told me that the loan was for 10,000 dollars. But, it was a secured loan. I would need to moneygram a security deposit of 1350.00 which is equal to 7 months of payments.in return, this money would be applied to the principal balance of the loan. So, last Thursday morning, i sent 1350.00 to a lady named Dana Clarkson... Richmondhill, Ontario Canada.

I called Allen White back with the reference number, he congratulated me and assured me the money would be in my account no later than 5pm the next business day... Which would have been Friday.

On Friday, around 11:00am, I got a phone call from a Mr. Adam Wells. He told me that he was the manager of the finance dept. He said that Mr. White would no longer be handling my case, he would be. He said that in my contract, section 3 of page 4, under the termination clause, that the insurance carrier for the lender can re-assess the loan agreement to decide if the security deposit was enough. And of course, it was not. He told me that i would need to make another additional deposit of 1350.00 which is now a totol of 2700.00, or 28 months of payments. I asked him to give me some time to think about it... Which he did...

I came home, and preceeded to read over the contract, and sure enough, it did state exactly what Adam had told me. So, on Monday, I send another 1350.00 to Dana Clarkson, Richmond Hill, Ontario Canada. I called Mr. Wells, were he then congratulated me. I made sure he had all my banking info on file so there wouldn't be anymore headaches.

The next day, which is this past Tuesday, I get a phone call from a Mr. Gary Olsen. He regrets to tell me that the lender whom was secured for my line, backed out of the contract. He apologized and offered me a full refund. But, before I could so ok, let's refund it, he proceeds to tell me that earlier that morning, he had a 20,000 loan get rejected. He said that the private lender was upset about it, and he didn't know if that would interest me. Of course... I was interested, who wouldn't be. He said that of course, with a double the amount of the loan, would be double the security deposit. I then told him there was absolutely no way i could come up with that. He said, out of good faith, he can get his company to apply a credit for half of the deposit, if I could come up with the other half.

So, this brings us to yesterday, which is Wednesday, Dec. 19th. I get another phone call at 9:45 am. It is Mr. Olsen. He regrets to inform me, that with my past credit history, the insurance company would not allow his company, Fidelity Lending Group, to give the 1350.00 credit, and in order to recieve this loan, I would have to do it. The insurance company wanted me to send it so they would know i was serious about the loan. I was so upset, cried almost all day... Why couldn't I get approved for this loan. I called Gary back, told him, that if I came up with this extra money, I would need some type of written guarantee, stating that upon recieving this, I would not have any more issues, and the loan would be mine. He said that he would have to get that from the president and ceo of the company, Mr. John M. Lipton.

At around 5:00 pm, I recieved a fax. It was indeed a letter of guarantee that upon reciept of the remaining 1350.00 security deposit, the loan amount of 20.000 usd would be released within 1 business day.

This brings us to today, this horrible day. I go to the walmart, where I have gone the previous times. They began to tell me they felt like this was fraud. I was already 4000.00 invested, hoping, that this wasn't a fraud, I proceeded with the transaction. I then call Gary, give him the reference number, and tell him, fighting through emotions, how I pray this isn't a scam. How i've spent all this money, now my 5 yr old daughter may not get the christmas i want to giver her if this loan doesn't go through. How I went through a divorce 2 yrs. Ago, and finally, i've met someone whom i love, she makes me so happy, and I don't want this to be a scam, i don't want her to think about leaving me if this was a scam. He absolutely reassured me that it wasn't a scam, that this company has been around for 15yrs, and that my loan would be processed and in my account no later than 5pm tomorrow.

When i get home, i look at my emails... I open one up from an anonymous sender... It brings me to this site... Where i have read all of these reports about this particular company. I called Gary back, told him I was panicing about this now... He told me that he was very aware of this site... That he could not help that some people like to make things up, that this site is not government based site and I should not believe everything I read on the internet. I then decide to call the 411 information to get the number to Fidelity Lending Group, which, or course, there was no listing. I gave the address, and of course, there are businesses in that building, but not this one.

I then called Mr. Gary Olsen back, and request a full refund. He tells me he would have to get back with me. I called about about 5 minutes before I decided to start this complaint, He tells me that my refund, in the amount of 5500.00, will be issued on Jan 8th. I don't know for sure if I will ever see this money again.

I am not a person with a lot of money. I work hard... I'm a good person who tries to do everything to the best of his ability. I have to continue to pay my child support whether or not I ever see this refund. I hope and pray that my girlfiend doesn't leave me over this. I was just trying to gain a second opportunity, to rebuild my credit, to pay off debts, and to start over, it doesn't look as though this will happen. I now pray, whole heartedly, that these gentlemen see what they have done, and I do get a refund, for now, that's all i'm asking for.

Company: Fidelity Lending Group
Country: USA
State: Florida
City: Delray Beach
Address: 100 East Linton Blvd
Phone: 8662788675

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