Complaint Review: Fidelity Lending Group

I received a call from Charles Flemming (866-278-8675 ext 443) who claimed to be a Senior Loan Consultant at Fidelity Lending Group. He said my online application (www.fidelitylending.net) was approved for $5,000; personal loan, 6% fixed interest rate, 36-month term, with monthly payments of $151.94. In order to receive the loan I had to make 6 monthly payments of $151.94, totaling $911.64. The total sum of the collateral payments would be applied directly to the principal of the loan and would not act as a fee in any way, with accordance to the laws. Monthly payments would be payable on the first day of each month. With applied collateral payment, repayment of the loan would begin July 1, 2008 approximately 6 months after the day the loan disbursed. Funds would be released to me within 1 business day from completion of the collateral payment, copies of completed commitment letter; loan agreement, disbursement form, and government issued identification were returned to him via fax. I completed all the prerequisites to release the funds.

I sent a $900 MoneyGram to Martha Shepard, Country: Canada, City: Victoria, and State: BC. She was supposed to be in the Accounts Receivable department for the Lender. They would not disclose this companys name because I would be dealing directly with Fidelity Lending Group and not them for my monthly payments.

The next day I received a call from Adam Wells, Fidelity Lending Group Customer Service agent (866-278-8675, opt 5) stating that an additional 6-month collateral payment was required. This is when I knew it was a SCAM.

Don't let them get away with it...

BArm
Hagerstown, Maryland
U.S.A.