Allstar Financial Group
This company is holding $20K cash and refusing to return it

I has a surety bond with this company from 2002 to February. It was secured by $20K cash. I closed my company (a mortgage brokerage) in February.in October I requested the return of my collateral and they gave me a written confirmation that they would return my $20K on March 1st 2008 due to a 2-year statute of limitations on claims against the bond. I accepted this and waited the appropriate length of time. I corresponded with them again in December to confirm the method of the return of the money, at which time they said "Oh, we're sorry, the statute of limitations is actually 4 years and you will have to wait until March".

At this point I had my attorney write a demand letter based on the original, signed letter from Allstar Financial (signed by Kelly Nys, the supervisor of the commercial surety underwriting department). As of today, I have no response and no money. They are holding my $20K for a full 2 years after my business closed... This is an obvious money-grab, they are keeping my money for free and daring me to take action in order to have it returned.

Company: Allstar Financial Group
Country: USA
State: Georgia
City: Atlanta
Address: 1301 Hightower Trail Suite 210
Phone: 4045223898

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