Ge money capital No longer convinced Nationwide
I applied for a loan for $5000 and to pay off some recent debt. I was told I needed to provide a credit card and I explained they were all maxed out. They told me it didn't matter and they would pay them off. So I figure I they couldn't get any money from a card that had nothing on it. It took a couple days and to my surprise they paid off the entire bill plus the late charge. I quickly called the card and put up a security code. The funds are still available. They wanted me to take all the funds off the card and money gram them. I cound not because my card only allows for a one hundred dollar cash advance per payment. So now at this point they are like we paid your bill and constantly calling me so now I'm getting looked at as a scam artist. Once I had access to money I did send them a six hundred and still no 5000$ in the bank. I could have really used it but I figure if I they paid $800 and I only sent them $600 and nothing ever comes of this then I'm still up $200. We will see. I told them I honestly don't think I'll ever see the money and the only reason I'm sending money is because you paid off my credit card and I am not a thief.
2 Updates & Rebuttals
Robert
Irvine,California,
USA
There never was any loan
#3Consumer Comment
Sat, July 11, 2015
You have unfortunatly fallen for a variation of the "Advanced Loan Fee" scam. This is where a company promises you a loan, but to get that loan they require you to put up money first. They may call it good faith money, insurance, or make up some fee. But the fact remains that it is illegal and the only thing that happens then is you loose this money.
This company does NOT exist, they are using a real companies name to try and make themselves sound legitimate. They may even have a US phone number, but the fact is with IP phones and technology you can just about guarantee you are talking to someone in a foreign country. Which is why it makes enforcement and capturing these people next to impossible. As all they will do is in a week or two change their names and numbers and start all over again.
Now, the twist in your case is that they paid your credit card bill, where contrary to your belief your worst case is not being up $200. Your worst case is being sued and possibly arrested for FRAUD.
You see, they paid your credit card bill with fraudlent funds(counterfeit check, stolen credit card..etc), and eventually it will catch up. At that point they will reverse that payment making you responsible for it. They will also add in additional fees and interest because of that. This action may also cause them to cancel your card and even possibly require full and immediate payment of the entire balance. If you fail to pay them it may lead to a civil suit being filed against you. And it hopefully won't come to this, but the absolute worst case is that they actually charge you with Fraud and have you arrested.
So just to sum it up, there is no loan and there never was. The best you can do now is "damage control" where if you haven't sent them the $600..DON'T and prepare for the nasty surprise from your credit card company. When that does happen see if you can talk to them into making some sort of arrangements. As for these scammers calling you a theif...the next time they call refer them to the following site from the FTC.
consumer.ftc.gov/articles/0078-advance-fee-loans
originaljerk
Tempe,Arizona,
USA
You've been ripped off
#3Consumer Comment
Sat, July 11, 2015
So a company asks for your Credit Card information, then sends a payment to cover the balance of the card and wants you to send them back some money from the card?
99.9% positive you just got scammed by them.
When the dust settles from all of this, you'll discover they paid your credit card with a fraudulent check on a non-existent bank account. This means your credit card company is still owed the balance of that card plus a returned check fee. In addition you wired them money thinking your ahead by $200.
Nothing in life is free. Especially money. Since you wired the funds to them you have no recourse on getting your money back. GE Money Bank is a real bank, its' a division of General Electric. GE Capital Bank is NOT a real bank.
Your thinking you made $200 on this deal. In reality you've lost $600 plus the over limit fees and returned check fee your credit card is about to charge you.