Cedarview Lending Group
Advance Fee Lending scam!

I had been desperatly looking for a way to get financing for a purchase I wanted to make and had applied for a personal loan through Loanunion.net on June 9th, and was contacted by a man named Mark Owens from Cedarview lending group on June 17th. The first thing he said to me was that he would like to congratulate me on my approval, I had applied for 4500.00 but he said the min. That they approve is 5000.00 and asked if that would be okay. Of course I said yes! I was so excited I could hardley sit still at work. He insisted on going over some terms and conditions and the details of the loan. I was amazed that with my bad credit that he could get me 6% fixed rate. I asked how this was possible. He stated that my ap was placed into a pool and they first tried through banks and such but finally found a private investor to fund my loan, from Canada, he could not give me her information as to which company she worked for due to privacy laws and since he was a loan broker that all had to go through his company. Supposedly this ivestor had already sent the money to Cedarviews account and was awaiting disbursement upon my completed application. I asked how they obtained my credit info since I had not had an employment verification or had given any references... So my gut was already telling me. All I could think about was the purchase I had my heart set on. I was told that I needed to make the first 4 months payments of 221.00 to secure the loan and show that I really wanted the loan, and even on the contract it states that these first 4 months payments would come directly off of the principal. I made some calls and borrowed the 885.00. I called him back when I had the money in hand and we finished the paperwork and I faxed it back. He was very insistant that I go to Wal-mart to send the money and for me to call him so he could help me fill in the information. Afterwork, I went to Wal-mart and called him as instructed, The money was to be sent to Elizabeth McPhearson in New Brunswick Canada. I questioned this and was told that she was the private investor and the reason I was sending it to her instead of a company was to avoid certian taxes and fees. I was to tell the cashier if she asked me, that it was a personal matter and not business. And he even knew the exact cost to send it, he said if it was any more or less than what he had told me that a mistake was made and it would delay my funds. I forgot to mention that to eleviate some of the cost of sending the funds, I only had to send 800.00 instead of the 885.00, made me feel like I was getting a deal! The next morning I come to work and receive a phone call from a David North, Customer service manager.By this time I had even more questions, was feeling very uneasy about all of this and when he hit me with the next part, it nearly confirmed my thoughts. He said that due to some discrepancy in my application and what the investor found in my credit, that an additional 4 months payments would be needed. I was very upset. I said I wanted to cancel the loan and wanted my refund. He said I could not be refunded until it went through their billing cycle and it would be July 15th or 16th before the funds would be deposited into my account.By this time I was so upset and had my heart set on the purchase I was trying to make, was in debt to my dad who I borrowed the 800.00 from with a promise to repay as soon as my loan was deposited, and I let him convince me for an hour on the phone that the research I had been doing was companies mimicking legitamate businesses such as the one he worked for. He was a good talker. Very smooth and good at calming my fears and uncertianty. So I scambled all day to find more funds, I was able to come up with 500.00 more, I called to see if we could work with that and he said he would need to consult his boss and get back with me, he called back and said that they had worked out a deal to credit me 300.00 but it would not be free money, it would go on my note and slightly change my payment, but not by much. I went to wal-mart again and sent it. I came back to work and started doing more research, had found that their web page had just been created on 5/26/09, the email included gave a return failure when I tried to send an email, I googled their physical address and found that the other businesses in this address, knew nothing of this Cedarview lending. I called the phone number again and pressed some different buttons... Realized it was a phone bank. I was scammed. What a terrible feeling. I called back and told them that I knew what had happened and still he tried to re-assure me that my loan would be there on Monday and not to stress over the weekend. It is Monday and the money is not there. I am filing with the FBI, FTC and Royal Canadian Mounted Police. I know I will not recover my 1300.00 that I so foolishly sent, but maybe I can stop the next scam from happening. This was a lesson well learned. These people are heartless and some of the best con artists out there, they prey on people who are desperate for money. All I could think about was the end result and the purchase, If I would have done half of the research that I did after the money was sent, prior to sending it, it would not have happened.

Company: Cedarview Lending Group
Country: USA
State: Massachusetts
City: Cambridge
Address: 485 Massachusetts Avenue
Phone: 8006905791

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