On the 9th of November, James Nolan contacted me about a $5000.00 loan offer that his company wanted to offer me. Unaware of any scams at that time it did what he asked. I borrowed the money to send the $910.00 6 month collateral payment that was required. Making my payments start in May.
He faxed me a copy of the contract stated that he verified all of my information and all i needed to do was sign the contract and send it back along with a copy of a photo ID. I did as asked. With the promise by 5pm the next day the loan would be deposited into my account.
The next morning I received a call from the Customer Service Manager, Victor Ellis, stating that there was a reassessment done on my loan agreement and that the company was requiring another 6 month payment to purchase an insurance policy on me just incase i defaulted on the account. Already in the hole, needing the money, Victor Ellis, assured that the loan could not be reassesed again, that this was 100% guarnteed that would secure the deposit of my loan. He also stated that it said this in the loan agreement. I read the loan agreement it was in there.
It took me 2 days to get the other $910.00 from payday advances straighten out my account enough so I could send the money through Money Gram to the information provided to me.
On monday, I called the bank to see if the deposit was made. It was not there. I called James Nolan, he stated that he had no idea what was going on with my account anymore that Vicotr Ellis took it over. I called customer service to speak with Victor Ellis. Victor called me back and stated that the private loan company backed out of the loan agreement. I said well what about my money? He stated that I had 2 options.
I asked him what my 2 options were. He stated, Either I get a full refund of $1828.32 or I could send them another $1800.00 and they would give me a $10,000.00 loan. I said forget it i wanted my refund and I needed it now. He said I had to wait till 12-08-08. I said if that was my only option I wanted it.
2 days later Victor Ellis called me back. And stated that the company he worked for felt bad about my account being overdrawn and that the were adding $820.00 to my refund. I said fine that's good.
I am waiting till the 8th of December because my account iis now overdrawn by $1500.00. I have contacted the Better Business Bureau in both VA and PA also the Attorney General Office here in the state of PA, I am now filing a complaint with the FTC in hope something is done to help me fix what was caused. I hope my kids can forgive me because their Christmas is ruined because of this company.
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