Complaint Review: Ameritrust Lending

This apparent company called me with a $5000 loan, that I was approved for but needed 4 month security of $221.46 = close to $900. The money was to be forwarded to my account by the nex business day by 5pm. The money never came. Then the manager (apparent) called and said that there was a problem and the lender had reviewed my account and I needed to send an additional 4 month security = another $900 that I borrowed from my grandmother. (It was no big deal because I was supposed to return it the next day to her out of my $5000 loan).

The next day no money in my account again, so I called. The manager (Paul Myers) stated then that he was sorry but the lender had completely backed out of my loan. I told him to refund it then and he said okay but it would take 10 business days. I said okay.

Then he called the next day and said they could give me a $10000 loan if I secured another 8 months, but I refused. Needless to say the money that was supposed to be refuned to me on Nov. 29th, 2007 was never deposited, so I became furious and called time and time again, when Paul hung up on me after saying when I was ready to moneygram the other $1800 to call him back. I kept calling him back when he never answered, til this day. Now the number is disconnected and my money gone!

Chanel
Laurel, Maryland
U.S.A.