Complaint Review: Colonial Capital Finance

I applied for a loan with Colonial Capital Finance Company in October and was told that I had to make the first 3 payments up and the money would be put into an interest bearing account with the funds being refunded back to me with 3 payments paid on time. I had someone to review the documents and all seemed well. When I got ready to send in the payments I was told that I had to Western Union the money to a courier in Dearborn, MI and then the money would be wired into my account with 24 hours.

Once I sent the money in no money was put into my account and I contacted John London a loan officer for Colonial Capital and he stated that because of my credit and the length of time since I had applied for the loan that I would need to pay 3 more payments and then the money would put into my account.

At this point, I told Mr.London that I was contacting my attorney and Mr. London faxed over a document to state this was a true transaction and the money would be forwarded to my account within 24 hours after I sent in the remaining money. I decided that I wanted my 913.68 refunded back to me and I tried contacting the company and at first the recording stated that the company account had been put on hold and now the recording states that the phone has been disconnected. Now, I have given away 913.68 and I have no way of getting it back.

Natasha
Cordova, Tennessee
U.S.A.