On January 15th, I applied for a loan online, I filled out an application and the comapny sent it to different lenders. Millwood Financial called me and left a message saying that i was approved for a loan. The agent's name was Steven Turner at Ext. 334. I called Steven back and he explained the details to me as such: Minimal amount was for $5000 dollars. The percentage rated was 63/4% for two years at 223.00 per month. I was also told that I had to pay upfront four payments and that my first loan payment would be due on June 15th. The total due was $895.00. I told him that I didn't have that kind of money and would think about it. He kept me on the line for an extended time, and called back the next day. He told me that he would fax over the the Loan Agreement documents, and to have a lawyer look them over. I inquired as to the reason why four payments had to be paid upfront and he relied " we specialized in subprime loans, and before our lenders will loan any money, the client has to pay four payments. I received the fax from Kinkos, read over it, and decided to go and pay the money. Steven gave me all of the necessary information to use Wal-Mart Money Gram, red and white form. I paid the $15.00 fee and sent the money. The place was in Canada. I called Steven back and gave him the control number, and he informed me that my money would be deposited into my account the next day. Also that someone from the accounts transfer department would be calling me to verify the information. The next day I received a phone call from Matthew Boyd, supervisor of account transfer. He told me that the lender reassess my application, and that I would have to pay another $895.00 before the loan would be granted. I told him that I didn't have that money, and if I did, I wouldn't have needed their services. Mr. Boyd then informed me that it would help build back my credit. Needless to say, I didn't send the money, and promply asked for a refund of the money I sent. I was informed that the money would come from the lenders to their account, and then they would deposit it back into my account on February 6th. I have not receive anything yet. I did talk to Mr Boyd on Friday, January 3oth to confirm that the money would be depositied. He told me that the money had reach their account and that to called back on Monday (February 2nd) to conform. I did, and all I got was "thank you, goodbye" I even got the same message on the fax number. I called the operator and there was no listing or address for Millwood Financial. I called my bank to make sure nothing was taken out, and signed up with their "privacy protection against any fraud or identity theft. I also plan to file a police report with my city police. Thank you.
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