Complaint Review: Chad Resech

I heard of Chad L. Resech's need of a loan from a reputable friend and although I never met him I thought I would do something nice for someone who was in a bad spot. I talked to Chad on the phone and he asked for a loan for $7,000.

I talked to him on the phone and he said going through a divorce from Heather Burgess Resech and needed first and last month’s rent so that he can rent this house (11194 68th Street NE, Albertville, MN 55301) in Albertville where his 4 kids reside. I do know who they are as I have ties to the community and the schools, but because they are minors I will respect their mother and not publish their names.

I met him in person Sept 6, 2016 and he gave me a promissory note for the principal and 30% interest due Oct 6, 2016. He said that he had a big deal with work that was supposed to pay up in Sept so he could repay me in Oct.  I have not seen a dime paid on this loan even though I have been txting him asking when can he pay.

And now since Jan 26 I have had no response from him.

I guess I should have done more research versus trusting in his word and his reputation to my friend who introduced us.  Now I see he has another RipOff report which he settled:

ripoffreport.com/reports/chad-l-resech/monticello-minnesota-55362/chad-l-resech-check-fraud-paper-hanging-theft-by-check-monticello-minnesota-1125751

and a first-degree aggravated robbery which he was convicted:

mn.gov/law-library-stat/archive/ctapun/9805/2361.htm

He is on FB and LinkedIn, and I know many of the same people that he, his x-wife and kids know in Albertville. He is owner operator of CR Financial Services at 11688 Spruce Drive Monticello, MN 55362. I am not sure why he is not showing good faith in trying to repay this loan.