On June 5th i was contacted by Karen Adams, who claimed to be the "Senior Loan Consultant". She said that she could get me $15,000 and that she was going to look for a lender who can deal with my type of credit. Of course this all started because i was looking to get money for school and had bad credit and apparently made too much to get financial aid. I thought this was a miracle. When i heard that Karen had found a lender that was a very wealthy businessman in Canada and that he would finance me the $15,000 at 6% interest. I would only have to pay $166.53 for 120 months/10 years. When i recieved the contract at my job i read it over about 20 times and then took it home and read it again. I asked my boyfriend to look at it and everything seemed okay. The next day i called Karen Adams and she told me that the lender was asking for 9 months collateral upfront. That made it a Grand TOTAL of $1498.77 that i had to send to the lender via moneygram. I was told to not tell anyone who it was for or what it was for, that it was suspicious if anyone asked and that it was a personal matter. I thought that she was looking out for my best interest. I was also told that i would have to pay the fee and it would be refunded. It was $29.99 to moneygram to Canada from California. It was so hard to come up with the money. I borrowed $1200 from my boyfriend it was his whole paycheck. I took the money from my account with the exception of about $40. I wired the money on June 13th (friday) and was told to call the next morning with the confirmation number. After i called with the number i was told that the following monday (June 16th) there would be a deposit of $15,000 in my account no later than 5 P.M. Monday morning i recieved a phone call from David Madden, apparently the (Customer Service Manager) he left me a message about there being a problem with my loan and that i needed to call him back. I called him right away because of the urgency of the matter. He didn't answer the first few attempts, but finally i got in touch with him. He told me that they did a re-evaluation of my credit and that the insurance company was requiring i pay another 9 months upfront. I lost it! I was completely shocked. So many things panned out through my mind, but most of all that $1200 of my boyfriend money was gone! I cried and pleaded that i didn't have that money, he was so rude and didn't care, just told me to borrow more, borrow more, borrow more! I screamed that i couldn't and that i needed a refund. I said that i couldn't pay. He said that my refund date was scheduled for July 11th. I said that i needed the money sooner, he said there was nothing he could do. I told him i would call him back. I called everyone i knew, my roomate witnessed my meltdown and he actually offered to give me money to send. My boyfriend overdrew his account by $300 and he still offered to give me more money to pay for the additional collateral. I borrowed $200 off of my paycheck that i had not even recieved and then called David Madden to tell him i only had 1200 to send, he told me to send it and that he would credit me. I found that odd. I said that i would send it the following day. That night my boyfriend hit me with a bunch of posts about Emerson Financial Group. I was outraged. I saw other people going through what i was with no luck in view. I called Karen Adams to ask her what happened. She claimed to have no idea, and seemed really sympathetic. I then called David Madden and i asked him about the reports i found on Yahoo. He said that anyone can post anything about any company, stating that its bad and people believe it. I told him that i was going to be sending the money soon and he said great. I called my boyfriend and gave him the 800 # that I had been calling and pretend to be a prospective client. When my boyfriend called me back with what had happened i was not surprised. He talked to David Madden and told him that he knew someone that had used them and that he was intereted. The first thing Mr. Madden did was ask very roughly "HOW DID YOU GET THIS NUMBER???!!" My boyfriend said. I got it from my friend. So what exactly do you guy's do. Mr. Madden said that they were a third party referral company. My boyfriend asked about why they have a login and password section on their website that gives a [email protected] email, but when you email it comes back that there is no such email? David said that they don't have email. My boyfriend said, that doesn't make sense, why would you give an email address for a login and password if you don't have email? David said that they email you the login and password. My boyfriend said. How can you do that if you don't have email? David was silent (perhaps caught red handed) My boyfriend also asked, "just out of curiosity, How is the weather in New York?" Mr. Madden said it is sunny here. Funny! My boyfriend said... Then Mr. Madden Hung up. It seems that sunny in New York means THUNDERSTORMS! I do not know where they are TRULY located, but its not New York. I lost over $1500 dollars to bad, bad, evil people. When i tried to call them today their system say's "Thank You! Goodbye!" kind of a "Thank you for your money! Goodbye, We're GONE!" I hope no one else gets hurt by any company that might be out to just STEAL your money. Please research, I know that i will from now on.
Does anyone know how to help? What to do??
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