by Tammy Sluss

Created on: May 16, 2008

Quick Loans! Banks turning you down? NEED MONEY NOW Fast approvals,no fees.That was an ad that I saw in my local newspaper.

On July 11, 2007 I was looking through my local newspaper and saw the ad. So I called the phone number that was provided in the ad. A man took all my information, and put me on hold. A few minutes later he came back on the line and said congratulations you have been approved for a $5000.00 personal loan. But because of my husbands credit, he was considered a high risk. He explained that if I purchased the high risk insurance which was required that the loan would be released in 24 to 48 hours. So I asked how much is that going to cost? He replied $750.00. He stated as soon as we paid for the insurance with a money gram that our loan would be released. Then he asked if we wanted a check mailed to us or direct deposit into our checking account. He explained we would have the funds faster if we went with the direct deposit option. So we sent him a fax of one of our voided checks. We used our mortgage payment $750.00 to pay for the insurance,thinking we would have the $5000.00 in our account in 24 to 48 hours. We sent it as a money gram as we was told to do.

On July 13, 2007 I called the company back and asked where is our money that they had promised to us. The same guy that I had talked to previously, said the lender chose us randomly to do a extensive background check into my husbands credit and decided that they needed $700.00 more to insure the loan. So I asked for our $750.00 to be returned to us, he said it would take 4 to 6 weeks to process the refund. I told him that we couldn't wait that long that our mortgage was already late. He assured me that if we paid the extra $700.00 for the insurance that the loan would be released to us in 24 to 48 hours. So my husband went and borrowed the $700.00 from his brother so we could get the loan released to us.

On July 16, 2007 we sent another money gram in the amount of $700.00. It has already been way past the 24 to 48 hour mark from the first money gram that we sent in the amount of $750.00.

On July 18, 2007 I called back and asked where is our money? The same guy that I had talked to previously transferred me to whom he stated was his supervisor. She informed me that there was a problem with the direct deposit into our account. So the check was mailed out.

ON July 22, 2007 I called the same lady and she said to give it a couple more days to arrive by mail. So by now I have had enough, so

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