Complaint Review: FIRST POINT LOANS

I applied online for a 5000 dollar loan in november. i was contacted by Owen Adams a few days later, saying he had good news for me. I called him back and he told me i was approved for the loan, but I was approved by an outside lender, not a bank because my credit was high risk. I believed him because, I tried to get the loan from my credit union, and I was not approved because of the same factor. He proceeded to tell me the terms of loan, and told me i had to send 900 dollars, first which would be the 225 dollars monthly payment, times 4 months, as collateral(to ensure I will be paying back the loan). He then said the 900 would be applied to my principal on the loan, and I would not have to start paying back the money until April 2008, which would be 4 months later.

He faxed me what looked like a legitamate application, with all the terms, i signed it and faxed it back along, with my drivers license, my ss card, my pay stub, and the application asked how, i wanted my loan, i put direct deposit, which included my bank account #. i sent him my 900 dollars money gram, as much of the other victims did, to the name Brenda Swankner, which he told me was the accounting manager. He told me my money would be in my account with in 1 business day, i have yet to see the money. I have been calling, and still getting the same recording about being temporary down.

Off course my check bounce for my school tuition. My bank account is in the negative, and i will not have funds until December 28. I cried until, my eyes will not allow me to cry any more, i had not idea people were so cruel. I still cant believe this happened to old level head, always in control me. God knows and sees all, believe me what goes around will come around, what ever you reap, YOU WIll sow. They have messed with the wrong one, a child of God. I hope some reads before they strick again.

Jenesa
FOREST PARK, Georgia
U.S.A.