Beware of the loan companies doing scams

Hi twokidtwocat

As requested by you, a new topic has been created in the forum so that the visitors get alerted from the companies scamming people.

Thanks for taking this initiative and let us all continue exposing the companies doing shady business.

Regards
Vikas

Thanks twokidtwocat for bringing this research in front of the community. I am sure most of the people will go through your post before doing any business with these companies you have mentioned.

Regards
Roxette

I think this is a great item to add to the list. I was scammed by Credit One in August and I am really paying it for it now.

Twokidtwocat,

You have really involved yourself seriously in this forum and brought out something constructive for the people.

Thanks for the itemization

Ben

:D Thanks for all your kind words.

twokidtwocat,

It's really a nice try on your part. Those who are suffering from loan scams will definitely find it useful.

Also we should keep this topic updated with time.

Here is another company which I feel fits into this topic. They are called Senteric Mutual. Their website, sentericmutual.com has an address listed as 7 W Bath Rd, Bath, NH. When I look up this address on mapquest, it does not come up. They have a FAQ page where they talk about the so called "insurance" that must be paid to get a loan. I called their toll free number (which is also their fax #) they have the same automated system (exactly the same) as Medallion Financial Services.
When researching them more, I discovered this web page that discusses how they are an Unlicensed Entity engaging in suspicious activity. This same web page also lists other so called lenders we should be suspicious of. The web site I went to is the State of Vermont Banking Division.

Just thought everyone would want to know.

Thanks dra1266,Ive added them to the list.

I have not seen many people here lately saying they have lost money to these crooks,I hope this means more people have read these post before they sent money.
Maybe one day soon these so called lenders :evil: will realize that the internet and its resoures,can be a powerful weapon,in shuting them down for good. 8)

Yes twokidtwocat

You published this topic on the 23rd last month and ever since then, it has been already viewed by 175 people including my visit to this page.

So, it feels nice that you must have saved these people from throwing money to the scammers. Good work, buddy.

:) Thanks Roxette

will i happen to read this website after the fact senteric has scammed me out of money. i have been trying to get in toiuch with them and have not had any luck. they contacted me and told me i was approved for a 6,000.00 loan . and that i need to pay four months in advance and a year of insurance. i had someone look over the contract and it seem to be legal. but i guess iw as wrong. i wouldn't send them anything at first until i got a contract. and when i did i called back and told them i could not send the whole for months and he asked what i could send and i told him 500.00. he said that would be fine. I would have to sent the rest when the loan funds were depisited in my acct. So like a dummy I western union 500.00. to a dwayne gamble in canada. so now that i am trying to contact them there number is not working so . now im out of 500.00. so if anyone contacts anyone out there from senteric mutual services just say no. it sounds good but it is a acam

This is the address to contact Senteric Mutual.

Senteric Mutual Inc
7 West Bath Road
Bath, NH 03740
Telephone: (866) 381-7765
Fax: (603) 928-7114

WOW They called me Today 11/18/05 and ran their Whole speech that I was Approved for an UNSECURED loan of $5,000 but need to send them $1,250 first Via Western Union Or Certified Check (But Remember This An UNSECURED Loan Ummm...)but what made me really Question from the start was the MAN on the phone Named KEVIN SAUNDERS Kept putting me on Hold after EVERY Question And About Every 5 Words.. Sounding Nervous and unsure. He told me to he would Fax contract and I was to Fax it back with Copy of Social Security card, Drivers Lic and Income Info. So I told him I would try to send Western Union TODAY. Just so he would to Fax Contract TODAY (because it seemed like that was what he NEEDED to here to FAX me the Contract) So I said Ok and got off the Phone. Well immediately after getting Off the phone with him I started checking the their Website and had Many ?? about Tel# & Fax# And Oh Yeh their ADDRESS.. Then did Reverse Look-up on their Phone/Fax #'s and Also With Duns & BraD and Address Search and....ZIPO On All. then I did a Web search On SENTERIC MUTUAL and found this Site (THANKS!! Cause You Comfirmed My Suspicions) WELL I left Out and Forgot to Plug in the My Fax Machine and When I came back in My Answering Machine Picked Up 14 Messages All Fax Tones From SENTERIC MUTUAL. Now They Just Call Again (Man They Don't Give up) But this time I Plugged in FAX and Received Phony CONTRACT.. NOW I'm Calling My LOCAL TV STAIONS.. Ya know The Ones Whom EXPOSE SCAMMS Like this One.. So I'm Glad I Got Fax.. I was going to call them back and question them but after DISCOVRING your Site (THANKS AGAIN!!) If Know I involved Local Law Enforcement And News Media SENTERIC and OTHER Companies Will Get EXPOSED Properly. Next thing is to Tape The NEXT Conversation saying I Received fax ..Or I'll Make up Something. Thanks I Will Keep You Posted.

Hi Spadey

Welcome to the forums.

I pat your back for doing the research on this loan company that happens to be a scam.

A legitimate loan company will not ask for any upfront money before the amount is deposited in your account. You will start paying the monthly installments only after you have received the loan amount.

The scam companies that do shady business try to take the personal information from the people so that they can cause financial injury to them.

It is very nice that you did a proper research before advancing them any money. We hope to keep you posted with many other updates in this community forum.

Do keep visiting this website often.

Regards
Roxette

Good for you spadey!! The putting me on hold routine is the same thing that a joshua hamilton tried with me from Creditone Financial. Coincidentally, everytime he put me on hold we would get disconnected. I put a search in for CreditOne and came across this board as well.

Its makes me very happy everytime someone finds this board before its to late,and they have sent their hard earned money to these losers.If you need help with your debt,you should really consider consolidation,the number to call is to the left of your screen,they will give you some free advice,and help you come up with plan, to be debt free without being scamed out of your money.Good Luck :)

Thanks All for feedback on SENTERIC MUTUAL SCAM, I am just thankful that I came accross your Site that you created and kept this Site going for All to see (Thanks If I would have lingered on the Idea a little longer without comming accross Your WEBSITE I might have Strongly Consider going for this to good to be tru Offer. I just Would hate to hear of Someone Dealing with then For Their MORTGAGES , Which they offer too !! That means Larger Upfront Payments. Well on their Fax to Me they changed Their Address to 687 Bath St , funny huh. Also Every Page of the Fax is Signed By a Different Name (They are funny). Anyway thanks for listening and yes I will continue to visit this Site.

Please add Alliance Funding Corporation. This is their new name. They used to be known as Ace America. If you go to the Alliance website, you will see in parts of the website they failed to change the name from Ace America.

It will be my pleasure to add them to the list.

With the Holidays season here,everyone be very careful of these scammers trying to take your money.
Im sure there will be some new names coming up for these people soon.

This is Great News :D ,
Quote:

twokidtwocat

This is great news. Please let us know when the prominent warning to customers about fraudulent telemarketers is published online.

Hey,i just happened upon the site.Great!
Just wanted to mention that I,too,am familiar with Senteric Mutual,an advance fee loan scam similar to First Morgan Finance.You need to pay to secure the "loan",at least 700 dollars.Both companies have American addresses but the insurance you are expected to pay is sent to Canada.When you're in need,you find there are a lot of companies that will offer you loans you desperately need,as long as you pay up front.Sadly,there are no loans.Another scam to watch out for:a cashier check you have to cash,and return the excess money.The check is a fraud,and the bank holds you responsible.I only wish I had good news to add.

The guy who called me was kevin saunders. They claim they are sending me my money back. But he even gave me a false tracking number . And has been very rude i'm going to call my local news staton to have them investigate it as well.
I'll keep u posted i have a copy of the fax contract and the western union reciept

I fell privey to Senteric all because I was looking for financial solutions to my problems. Senteric also called me and I also spoke with Kevin Saunders. I saw their website and it looked legit. I feel soooo stupid. Now I have no money for Christmas and what is worse my bills are more outstanding than ever. I faxed the papers. sent them money and now I have nothing. I always heard about these scams. THEN I read this page on scam artists. I will also call the television studios(Help Me Howard or one of those shows) and the law and hopefully I can get my money back.
Thank you for having this site. Maybe others won't become victims like I did.
Thanks again

Hi Cocoadiva700

Welcome to the forums.

You must have learnt your lesson by now. Never get tempted by anything that comes in your way. These loan companies are preying on the innocent people and they make their money by scamming people in large number.

A legitimate loan company will never ask for money upfront. After the documentation is complete, money will be credited to your bank account without having to pay anything upfront.

At this time, you will feel relieved by filing a complaint against this injustice. You will definitely want them to be punished for their illegal activities. File your complaint against Senteric at the state attorney general's office. Also send a copy of it to the FTC and the BBB website. Some actions should be taken against these scammers. We need to file our complaints regularly so that the authorities get activated in taking their actions.

Regards
Roxette

Everyone Be aware if anyone named Patricia Walters call you on behalf of Lockhart Capital Funding, they are SCUM/SCAM!! If you are a victim of this person/company dont hesitate to file a complaint with the internet fraud comission and the FBI.

I would add Global Investment Group as a scam as well. Luckily the fraud department at Western Union stopped me from making a huge mistake!

It has been added to the list.Thanks,and Im happy to see that Western Union is now doing their part in stopping these scams

https://complaint.ic3.gov/Default.aspx

Above is an site that is ready to receive these types of complaints for anyone who has been defrauded. My advice is that you have copies and records of everything and every contact that you've had with any individuals as this is connected to the FBI and they will ask you questions in details. Its time that these people are stopped and take responsibility for these felonies.

Thanks for the info,its seems like the list of scams here,just keeps getting longer.

I received the same call about getting a loan and went through their whole sceme. I should have done exactly what you did, but I told them I did not have the money to send to them to get there loan. If I had the money, I wouldn't need the loan. If they were ever to call back again, I will do as you did, and turn the tables on them.

Libbygirl,
Atlease you did not fall for this scam,sadly quite a few posters on this board did.But now it seems that more and more people are aware of these pay to get a loan scams,and some of these sharks are on the run from the law.They must be stopped :evil:

Beware of Bellintin AKA Loan Alliance.

They poat in all free classifieds as Mr & Mrs Bellinton.

Thanks pgirll,
They have been added to the list.

I was recently scammed (but they got no money out of me luckily) by GLOBAL CAPITAL SOLUTIONS... all of these sites, I believe to be run by the same people....

global-capital-solutions.com
fasteasyloansonline.com
easy-finances.com
easy-financing.ca

What do I do from here....?


Thanks

Donna

Links made inactive and email deleted as per forum rules-Vikas

The only reason they didn't get money from me, was I told them I didnt have the money, and they gave me another option where they send me a check for $4000 and I western Union $2500 back as the deposit, and they give me the other $6500, making my loan $8000, and the deposit being $2500. Well, I never got the $4000, but everyone I asked thinks they offer that to still get a copy of my ID and my signature through the faxed contract (which I did) So I'm more afraid of identity theft... WATCH OUT.

[quote=Donna]I western Union $2500 back as the deposit[/quote]

Lenders who ask for some deposit does not seem to be legitimate. Hope you had done some research before. Anyway, lodge complaint with FTC, BBB and Consumer Protection Office of your state.

Guest has posted one good link above, you can follow it also. Keep us posted.

Upon reading most of the posts, they are companies in the United States. I would so appreciate it if anyone has a list of the companies to keep away from in Ontario - Thank you!

Hi Everyone,I just added a few more to the list,since they are coming up with new names now.

World Financial Solutions is now International Trust.
Beware of this Company.
They go by the names of: Scott Williams and Julie White. Good chance they change them all the time.
Be carefull. Thanks

Found a website that contains pretty good state by state information of legal regulation of payday loan companies. I looked up Virginia, and found some interesting stuff by way of regulations, but the statute wasn't there. Nevertheless, I think Sgt. Foster, the author, has done some very useful work:

usual prefixes double-u, double-u, double-u, dot payday-loan-laws.info

If anyone knows any other names to add,just let me know.

Thanks VA.Legal,I sent a email to the AGs office in Va.about two weeks ago,wHow long does it normally take to get a reply.I wanted to file a complaint about GECC,they have charged me over 2600 dollars in interest over last year for a 600 loan.They were charging 25% in interest every two weeks.I have paid them 3300 to date and they still say I owe 1900 dollars,they have since sent my loan to a collection agency (SIMMS)and my consolidation company has sent them $445 to date.

International Trust
Brokers:
-Julie White
-Scott Williams
Possible others:
-Clifford Hewitt
-Andrew Stevens

I got a phone call today from a company called 1st National Group and a man named George LePage. Wonder of all wonders I am approved for a $5,000.00 loan that I NEVER applied for. OK, I need the money, so I started asking questions. a $200.00 payment for 2 years at 7% interest. The numbers don't add up. OK, I have to send $900.00 to them to secure it....HUH? Just like you he kept putting me on hold after every question, like he had to search for the answers. I told him no way. After 10 minutes I got to thinking, ok if it's real they could take the money from the loan right? I called back, no they can't do that. To make a long story short I told him to fax me the contract, then contacted the financial institute for my state. They are waiting for the info and are going to file papers with the secret service to prosecute him!!! That's one for the good guys!

Most of the advance fee loans are scam, especially when they call you or send proposals by their own. You have done the right thing by saying NO. Do some research on ???advance fee loan, ftc alert' and you will get enough info on them.

Unfortunately I didn't do my research and Senteric Mutual got me. I was so desperate that I was just glad I was approved. I did everything they asked including sending money eventhough it was supposedly an unsecured loan. They kept coming up with more reasons why I needed to send more money. I finally told them to send me my money back. I waited and called and sent emails and no one would respond. I kept calling the number and kept getting this weird message about their universal account being closed. I went to BBB site and saw this company had 5 other complaints against them and there was no resolution. I then stumbled upon this site. I think it is absolutely digusting how this company takes advantage of people who are already in a bad situation and then makes it worse. This has taught me a valuable lesson. Always do my research!

Also file complaint with BBB, FTC and Attorney General of your state. It will initiate an investigation against them.