Complaint Review: Bridgewater Advisors

A young man by the name of Forrest Cote contacted me and stated he had an approval for me. The loan was for $10,000 for a term of 48 months, interest rate was 6.5%, payments would be $215.92 over term. He then stated he would email paper worlk to my email address. When i got home from work, i printed forms and faxed back to Forrest along with social security card, pay stub, and proof of address. After he "stated he received the paperwork", he stated i needed to send in $800 collateral payment. Additional $200 will need to be sent in after fund are received. Like a fool, i wired $800 rom a local wal-mart which i was instructed to do from the so-called accounting department. I called to let the accounting department know that i had wired funds, they told me to call back in 45 minutes to ensure everything had went through okay. I called back everything was fine, funds would be available next day 3 to 5pm. I waited until 5pm the next day to call bridgewater back. I was transferred to a Diane who stated account was on hold because i was approved for another loan with another company. I asked her what did she have to do with anyhting another company offers and she stated its all written in contract. So i not so nicely asked for my money back and she told me i would receive a cashier's check in 10 to 15 business days. Today is August 05, 2008

Down and out in sc
olanta, South Carolina
U.S.A.