Just as others have described on this site, Coach financial services stole my money. The said my $20,000 loan was approved, but I needed to send a deposit as an insurance policy. After they received my deposit, they said I would receive my money via direct deposit into my checking account. When the money didn't arrive, I called them back and they said the private lender needed an additional $2,000 because of the high risk. I reluctantly sent it. When I did not receive the money a second time, I called again and they said I needed to send more. I said no and demanded my money back. Of course they never sent it.
I have found from the NY State Attorney General's Office that it is Illegal to require a down payment for a loan. It's called an "Advance Fee" Loan. It is a federal offense and the US Secret Service has jurisdiction with Advance Fee Loans. Of Course it's also illegal to defraud and steel money. These people have broken many laws, and if we can catch them and convict them, they will go to jail for the rest of their lives!
If you have been victimized by Coach Financial Services, please report it to the US SECRET SERVICE and let's catch and put these people away for a very long time!!
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