Silverfield Financial Group
Rip off! Scam!

I was contacted by James Thompson at Silverfield Financial Group on July 14. He assured I was approved for a 5,000 loan. However since it was an unsecured loan and my credit was not great I had to put a deposit down. He stated that they required the first 8 months payments up front totaling $800, wired via MoneyGram. And that this would be applied towards the principal of my loan, which would be stated in my loan documents that this was for collateral payment' only & would be applied in its entirety to the principal.

On July 16 I received the loan documents via fax. On July 17 I wired the $800 and was advised I would receive the funds direct deposited within 1 business day. That same day I received a phone call from Thomas Reynolds who claimed to be the Customer Service manager and told me that I needed to wire an additional $800, for Insurance, on top of the $800 that I already sent! He advised that it is stated in the loan documents that The Lender reserves the right to request additional security coverage for insurance purposes'.

I informed him that there was no way I could come up with an additional $800, he stated that they could credit me $300 & all I needed to wire was $500. I asked what was the guarantee that I would receive the $5000 loan amount wired to my account; he stated that I had the loan documents & they were bound by law to abide by those documents.

On July 23 I contacted Thomas Reynolds and advised that all I could come up with was $350. Everything told me this was not right, but because of my current situation & desperation I wanted to believe that this was legit. He stated he would speak to his CEO & for me to call back in 10 minutes. Or course he said that they would make the exception & to wire the $350 via MoneyGram right away so I could receive my wire by the same day. So I wired the additional funds at 10:45am, called him back and gave the reference number they required, just like the 1st time, and he said that he will put this through right away so I could receive my funds same day.

Needless to say I did not receive the funds. And by 4pm the same day that I wired the add'l $350 the website was no longer active & the phone number to Silverfield Financial was no longer a working number. Now I have no idea where to turn, or who to go to. And have no idea if there's even a way of obtaining what I wired to them back to me. I am at a loss. And feel absolutely humiliated.

Company: Silverfield Financial Group
Country: USA
State: New York
City: Rochester
Address: 1 South Washington St
Phone: 8006276189

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