I applied for a loan online. About a week later I recieve a call from a man name David Penn saying I was approved for a $5,000 loan at 7% apr for 48 months but it was a secured loan for they asked for 7 months worth of payments up front and after payment was made I would recieve the money in my account within 1 business day. My husband asked to read the terms and condition's so he faxed him a contract. Yes. There was a contract. So I signed it anf faxed it back and my father in law also read the contract and said this seem's right for you guys so he borrowed the money from him. David Penn assured me that this was not a scam because there was a contract. So I sent the money by moneygram. He gave me the intructions where to send it and who to send it to. So I did and he said everything was fine, there were no problems and I would be getting the money at 5pm the next day. But the next day he didn't even have the guts to call me he had a customer service rep. Call me to tell me that they reran my credit and they needed another 7 months worth of payments upfront so a total of over $1600. I found this out 15 minutes before 5pm. We had plans to payoff bills. So now I have to wait 30 days to get the $800 back to give back to my in laws. Do not do business with this company they make promises then let you down.
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