To the hard working men and women of this country. Let this serve as a warning to those of you that are desparate and in need of financial assistance to help keep your home, your families, and your dreams alive.
If something is too good to be true, it probably is. If it doesn't sound quite right and everything falls into place too easy, it should be looked at more closely. The following information will hopefully be used to root out the rotten people in this world who devour the weak and cower from the strong.
On July 2, I contacted CedarView Lending Group after I discovered their information on a website that offers personal loans to people with bad credit. I contacted the company immediately and spoke with a David Mitchell.
He faxed me an application for a $5000.00 loan, which he had already stated I was approved for during our initial conversation. I discussed the information with my boyfriend and we were elated that there was an opportunity to get back on top of the bills and debts we were incurring during this difficult economic time. The repayment terms of the loan were simple; 4 payments of $221.44 in advance, and then $221.44 a month after December.
We borrowed the money from my boyfriends Mother, who willingly, but reluctantly, participated. I sent the $815.64 via MoneyGram to an individual by the name of Deborah Billet in Canada, which when I asked why, was told by Tim Phillips, Senior Lending Manager of CedarView Lending, "This is where the private lenders and investors are all located, that will fund your loan".
I was told the loan would fund straight to my bank account, within 24 hours, once the "private lender", had the MoneyGram of $815.64. We were also told by Tim Phillips we would recieve further information packets from CedarView welcoming us to their "little family", and making us aware of other programs they offer. Imagine, all our prayers were about to be answered...
The next day, I was contacted on my cell phone by Tim Phillips stating that, "The lender is requesting another $500.00 to insure the loan, or it will not be funded, due to the high-risk credit situation". I was in tears. I knew in my heart that there was something that was going to go wrong, and it did.
My boyfriend called his Mother and she again sent the $500.00 on the word that the money would be paid back as soon as I recieved my loan. We sen the $500.00 to Deborah Billet, again, in Canada. Tim told us the loan would fund the following day by 9 am.
9 am came and went. We called Tim and had a hard time getting him on the phone. He told us he would look into the problem, fix it, and the loan would fund, GUARENTEED by Friday at noon. Friday came and no money, no $5000.00 as agreed.By 1pm, I was on the phone and hot... No money, no answers, and no Tim Phillips.
Later that day, Tim called me at my residence stating that the lender, "breeched the contract", and would not fund the loan. My worst fears had come true. The money was sitting in their hands, their bank accounts, gaining interest, and I'm ruined.
I was told that I would recieve documentation from "lawyers" that would reveal who this "lender" was, and there would be legal action against them. I was also told by Tim Phillips that my investment of $1300.00, would be back in my account by Tuesday, July 14 at noon. Guess what? I don't have my money back, my boyfriends Mother won't speak to him, and I am in worse shape financially than I was when I started.
To those who stole from me, the FTC has a report regarding your business practices, the FBI has been contacted and alerted to your tactics, and the Attorney General will also be notified. Understand one thing, you will be caught. What goes around, comes around. You are nothing more than a glorified Money-Laundering Scheme.
You take peoples money, put it into high interest-baring accounts, and reap the interest profits. I hope you and your little band of scum can read, and understand what you have done to me, and the others you screwed. See you soon, dirtbags. Mr. Tim Phillips, if you can read this, I have nothing to lose and I am not afraid of you or your scum lawyer's... Your a common thief, nothing more... Sue me...
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