I was looking on the Internet for a possible loan. I saw the website for a fast loan online. I knew that my credit score was not what it needed to be for a bank loan. I was working hard to pay off my debts. John Wagner, Senior Loan Consultant ext. 381 called me on Saturday afternoon and proposed a loan agreement with me. He said the contract was made and he just needed to verify my social security number. I told him that I had read a lot of stories about scams and money that was to be sent to Canada. He said that I had been approved for a loan of $15,000.00. The only thing that I needed to do was to send 5 payments to the lender in the amount of $1,758.85. This would ensure the lender that I was able to come up with my first five payments. My first payment would not be due on the loan until August 1.
The commitment letter looked real. John Wagner was real nice and it did sound too good to be true. I am a teacher and I should have known better to be taken in by such a scheme. John Wagner called me after I faxed the committment letter back to him and he said he would tell me who I needed to make out the MoneyGram to. Right before sending off the money to MARY SAWYER in Canada for $1,785.00. That should have been another RED FLAG! He told me that they were a reputtable company and had been in business for 14 years.
After sending the MoneyGram to Canada, I had to call him with the reference number. He said the lender had already approved my loan because he had spoken with them. He also congratulated me and told me to expect money in my bank account by 5:00 today. About 2:45, I received a call from John's boss-Michael West. He was very rude to me and he said the lender had a problem after reviewing my loan again. He told me that I needed to send in another 5 payments in the amount of $1,750.00. I told him that I did not have it and that I would not be sending it. I asked for my money back and he said that I would not receive a refund until the lender's monthly billing cycle. He said that would not take place until March 10th.
I cannot believe how fast they got my money but I have to wait to get my own money back. Somehow all of the things that I read on the internet were plain to see. I was definately taken in by Liberty Investment Group. I hope that no one else will make the same mistake that I did. It seems to me that they are preying on easy targets and people that are in need of a loan. John's boss, Michael West, ext. 173 was really rude to me. He said that he was not the one looking for a loan on the Internet. He was on the receiving end.
I will definately let you know if I receive my refund. This is doubtful. Be aware and open your eyes to this type of business practice. If something seems too good to be true-it definately is. Even on the MoneyGram-it said if you are sending money to receive a loan-Contact the authorities because it is illegal.in the US and Canada it is illegal to pay for a loan upfront.
I will do my best to contact the authorities because they now have my bank account information, copy of mydrivers license and my social security number. This will also be monitored. The Federal Trade Commission needs to know. I wish I would have listened to Tnasio from Menifee, CA. The report was made on 2-8-08. I will not rest until justice is served. I hope they can sleep well knowing what they have done.
0 comments