Having a hard time right now making those ends meet, so after researching various companies on the internet, I found Prime Capital Resources Center. I spent some time reading their website and then completed their on line application. Within a few days I was contacted by Robert Reynolds, Registered Officer with this "company". Mr. Reynolds told me that me that I had been approved for the loan I requested (minus $500, which was still OK for me) and that he needed my E-mail address to send me the loan contract and related documents.
On October 23, I received the loan documents by E-mail, read them completely, then signed the various pages. At no time did I know what was in store for me.
After sending back the contract, I was then told about a collateral payment of $948.18 needed by the "lender" to fund my loan. This payment was necessary and would be credited to the loan, so my first payment would not be due until 6 months after funding. I was baffled to have to pay to get a loan as my financial situation was not that good.
I borrowed the payment from my second job's boss and made the payment through money gram on November 5. I contacted Mr. Reynolds and gave him the transaction number and then proceeded to inform me that the loan would be wired to my account within the next 24 hours, if it did not hit, please call him back. Well 24 hours passed and I telephoned Mr. Reynolds at which time he told me that he had made a grave mistake and that I been written a deal as a repeat customer, not a new customer and that I was required to send an additional $400, which I did have since I had just gotten my paycheck from work and since I was getting this loan, I went ahead and used my car note money and sent the additional funds (like an idiot I now see).
Then the real horror started... Robert Reynold's telephone number was no longer working. I would dial the umber on the contract and the system would just answer saying "Thank You, Good bye". I then figured they had some type of centrex or multi line phone system and began trying in succession until I reached someone now at the number I placed on this report. This time, a new person answered saying that Mr. Reynolds was out and he was taking my file.
After telling this new person my story, he reviewed my file and proceeded to tell me about closing costs or escrow fees of $475 that needed to be paid... I hit the ceiling and exclaimed that I had already come out of pocket and that this was an exercise in extracting money from me... But like the desperate person I was hoping to see the light at the end of the tunnel with the loan finally appearingin my account... I borrowed money and sent this payment.
Got back on the phone and told "Billy" to check to make sure that no more fees were needed. He assured me, confirmed my bank information and said wire would hit by 10am the next morning my time (im on the west coast). That NEVER happened... Another phone call and this time I got a supervisor who told me that $500 more was needed... Again, the blood pressure went up and I was screaming, but I sent it - borrowing again from a family member, who was assured that with my proceeds, she would receive a full refund.
Now it is December 2, I sit with no money, bill collectors calling and on Friday, November 28 I cancelled the loan and demanded that my (total with wire fees) of $2,458.97 be refunded to me immediately. Billy told me they don't wire, but send a check, now I can't get anyone on the phone and I filing this report and will contact officials in Illinois to report this scam company.
I feel like a complete idiot and now, I can't make my payments, my car note is late - they are threatening repossession, my family members are upset and angry with me, my boss is being very patient as I have shared this story with him.
Do not fall for this company... If you learn anything from my long story - DO NOT use Prime Capital Resource Center - they are nothing but money extractors and scam artists.
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