Emerson Financial is a HUGE SCAM that is unfortunately really hurting people. My husband and I are in a very very bad financial state right now and were looking for a loan to take out to cover our bills till he can finish processing for the Navy. We searched the internet for about two days and filled stuff out with ligament banks online. Our credit is bad so we were turned down by everyone. Then my husband got a call on his cell phone from Emerson Financial. They told us they got our info from AIG after we were turned down by them. Well we were stupid enough to believe them. They have attachments to these companies that they have hacked into and somehow put on their pages. That's how they got our information. They told us that we could get a $15,000 loan from them at %6 APR. We thought WOW! This is our big break! They asked for the first 7 months of payments down to secure the loan. So we gathered up $1,400 (borrowing from family) and sent it to them in a money gram. When we questioned why it was being sent to Canada they told us that the loan was from a private investor and that they needed the deposit before they put the money up for the loan. We though ok... Kinda weird but we'll go with it. We were faxed the papers and all and signed them. They told us we would have our money the next day.instead, we got a call saying they checked into our credit and took out insurance on us so they needed another 7 months payment. We checked our contract and sure enough, it was in there that they could do that. So we once again borrowed from our family to give them their money. This puts us at giving them $3,400 just so we could get this $15,000 loan to get by. They told us we would not have to pay for the first 14 months and that we would have our money the next day. Well it didn't come in and that afternoon they called us and told us that the people backed out and we would have to wait until the first billing cycle to get our money back. Then they told us they had someone already lined up that would give us a $30,000 if we would like for them to just use the refund as the downpayment. We thought... Hmmmm... Well I guess we have no other choice... We're about to be evicted, about to loose our car, can't pay our water or electric and have a 10 month baby boy who needs formula and baby food. We NEED the money bad! So we agreed foolishly once again. They also told us that this was the first time in 14 yrs that anyone had ever backed out and that their lawyers were going to sue these people and we would be compensated for it. They told us to be expecting to talk to their lawyers about it that week. Well a couple of days went by and we heard nothing so we decided to call them back. My husband called them 10 times that day and kept leaving messages but we never got a return phone call. So at that point I thought things were kinda fishy and decided to get back on their webpage and look at some stuff. I wasn't sure where the paperwork with the web add was so I just googled them. At that point a ton of stuff came up about them being fake and a scam. My husband and I started reading page after page of the fraud these people had committed. It was the same story over and over an no one had got their money back. So the next day my husband called them again and used a fake name and go through immediately! He then asked to talk to David Hanna the guy who had been handling everything for us. He asked David for a refund and David told him he would have to wait till July 3rd (the day of the billing cycle) for it. We told him ok fine but that we did not want to do anymore business with them. He asked my husband why and my husband then told him that we had found out that they were a scam. David then got very defensive and huffy and asked where we got our info from so he told him that we had googled it and all that had come up. He then began to huff and puff and told my husband that their conversation was over and hung up on him. Well we'll see if we get our money back but I'm guessing we won't. We've already contacted the FBI and we're going to file a police report and when we do get out of this financial hole we'll get a lawyer and pursue it even more. Until them it looks like my family is just screwed.
0 comments