Late October I received a call from Henry Lancaster of Hudon Lending (ext 204), explaining that I qualified for a $5000 loan with a $700 deposit, and I would hav the funds within 1 business day after I submitted payment. On Nov. 3rd, I faxed my contract and copy of my DL, and went to Wal-Mart as Henry suggested and sent a money gram for $700 to a Cynthia Berkely in Canada. This was my first loan so I had no idea this was not normal.
The next day, I get a call from Howard Masters in "customer service" stating "there's a slight problem with my loan", and they need additional "collateral" in the amount of another $700. I'm desperate at this point so I borrow $700 and wire it to Canada again. Unfortunately the loan never showed in my account. I call Howard, and his exact words were, "You never received my messages?" (My phone didn't ring that whole day) He then goes on to tell me that the "lender" has completely backed out of the loan. However, he found me a new loan for $10,000 but he needs another $1400.
I say no of course and to just give me my money back, his reply is that because I sent my money directly to the "lender" he has no way to get the money back right away and that he is suing the "lender" on my behalf. Now as of Nov. 8th, I have not heard from anyone at the company nor have I received my $1400 back. Need I say anymore? Please beware!
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