I signed a loan for $5000 with Wilson Thomas Financial out of Ann Arbor, Michigan. I was told by Jim Hutchinson that they needed $900. For collateral sent via "money in minutes" per Western Union to a "Roger Carlson in Toronto, Ontario, Canada". I was also told I would be reimbursed the $76. W.U. Fee. I completed this. The day I was to receive the money, Jim Hutchinson told me it was delayed a day because "Canada had a holiday", it would be there by noon on Tues. Tuesday afternoon comes and he's "working with accounting and terribly sorry, he's going to get a payment taken off for me." He said he would call me back. Very shortly after that I get a call from the "manager-Gary Phillips (ext. 626)". He says there's a “problem with the loan and after further review he needs another $900. Sent to the same person (supposedly an agent of the lein holder).” I asked about just cancelling and getting my $976. Back. I was told that wouldn't be available until June 20. He said this really wasn't uncommon, they had the right to review and reassess the terms. After this there are no more reviews and its a "locked in deal"., I would "definitely have the money before noon on Wednesday. I told Gary Phillips that I would have to borrow money to make this happen and he assured me I'd have the money back next day. So I sent the money again.
Wednesday noon comes and goes. I hear nothing from him, so I call. He says (speaking very rapidly) that "there's some bad news. The lender has backed out of the agreement and since he has broken the contract they will be seeking prosecution against them." Oh and unless they voluntarily send my funds to them I am out the money $1.952.!!!" Phillips goes on to say "I am truly very sorry Wendy, but we found another lender that will loan you $10,000. If you send another $900."I told him he had nerve to even say that to me. I said that I had sent the money in good faith and it should be returned if the deal is voided. They of course would not be able to refund any money of $1,952. Per the contract I signed??? No reputable company conducts business this way. My gut kept telling me something wasn’t right about this, but I obviously needed the money. The phone number for the company has been disconnected and the website no longer has access via e-mail. I have since found other reports about them on scam sights. Now I’m in worse shape then before I did this.
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