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Old 03-08-2008, 07:31 PM
KevinF055 KevinF055 is offline
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Join Date: Mar 2008
Posts: 1
Default Capital Source Financial Inc

I fell for a scam with this socalled company for $2346.00, I thought I was applying for a loan for $20,000.00. It started with an email that said I should try to qualify. The next day they said they found an investor, that would put up the money for a 6 year term at 10.00% They said I had to send $1496.00 to insure the loan by MoneyGram to the holder of the loan. The next day they informed me that they sent the wrong contract to the lender (investor) stating that I was a new customer, and that he would have to charge me a rate then of 21%. The loan representative told me that they were going to have a conference call with the investor to try to straighten this out. The rep came back a few ours later, stating that I would get the original rate, but I had to increase the insurance amount by $500.00, and send it again be MoneyGram. Of course when all this was done no $20,000.00. This was a Friday. On Monday, I tried to contact the representative, and she was no where to be found. I received an email from the alleged back office that said that the money could not be released until I paid the administration fees of $386.00, of course by MoneyGram. After I sent this money everyone disappeared. I contacted the police, the FBI and Tthe FTC. In addition, I had to contact Social Security Disability, since I am a disabled person, close my bank account, contact the utility and phone company. It was a disaster, this was money I could not afford, and had borrowed from family and friends. Now I am in desparate straights, and hope this does not happen to anyone else.

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