Complaint Review: American Loan Corporation

 I contacted some companies for a pay day loan.  This company called me at least 3/4 times.  When I spoke to the employee, he said that for a 500 loan, they would authorize me 1200, because they don't offer loans that small. I said okay.  He said that I need to purchase a money card and put 131.00 on it, because I had bad credit.  he said to call him when I did this and while he is on the telephone, they would put 1200 dollars into my account.  i purchased the card, called and he said the money would be in my account in 15 minutes.  Well, nothing happened.  When I called he said that I should sent them another 200 dollars or more on a money card.  Then he would put this money on my card and I would get all my monies from the cards into my account.  I said to him, that the purpose was to loan money NOT to send money to him, that is money that I don't have.  He continued to tell me that he that because of my credit, I would have to send him more.  I told him that I was not going to send him anymore money.  I wanted my 131.00 back.  They have not given me my money back, even though they said that they would.  I suppose they don't want you to use a credit card because it can be traced quickly.