I applied for a loan with Preston Financial Group. I was approved for $10,000.00. I recieved a call from a gentlemen named John T. Codwell (CEO) the following day saying that I needed to moneygram $1328.00 to secure a collateral payment. The collateral was to secure 3 months of payment.
I told him that I would have to come up with the money, he told me that would be fine. So I called him when I had the money he told me how to moneygram it, and to moneygram the funds to Canada. I did just that. I called him when I sent the money. He told me congrats and that I would be receiving a welcoming package in the mail in about 5-7 business days, and that the money would be in my account the next day by 5pm. The very next morning about 10am I received a call from a guy named Craig saying that the lender could not insure my loan due to my credit. So I was told that I had two options I could send another $1328.00 or get a refund back of the first $1328.00 that I sent when the lenders next billing cycle would be which was is the 24th of each month.
This company really messed me and my family over. I was going to pay off my bills with this money, including some past medical bills that we have. Because of this scam me and my family are now struggling. I had to get several payday loans to come up with the money so that I could get the loan. I hope that other people will come forward if they had the same problem with this company.
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