Complaint Review: Craxton & Doyle Financial

I was offered a $10,000 loan at 7.5% interest. I was told I had to prove I had $2500 as a collateral that they would hold upon me paying 6 consecutive months in a row. Then the amount would be applied toward the loan if I paid 6 consecutive months. No money was required up front. I would go to Wal Mart money gram and send the $2500.00 to family member that I trusted and then I could cancel the money gram out. When I received the $10,000 I would need to sent them the $2500.00 as the collateral. They just wanted to be sure that I had the $2500.00. They sound very beleivable, but they are not. When I sent the money order I would need to give them the control number. They took my money and their phone number no longer works. It doesn't matter the name you send the money gram under, they still somehow get the money without ID. Please do not fall for this scam. I know that this company is all over the internet, but they are just a scam. Anyone can apparently get the moneygram and take off with your money. I believe that Moneygram should be responsible for this money and they should pay you back. It says specifically that no one can get the money without ID, but this is apparently wrong. Anyone could go in with the control # alone and get your money. You will be out your money and no one, not even Moneygram, is responsible. This is wrong, they should be closed down.

Masbeller
North Vernon, Indiana
U.S.A.