Complaint Review: The Locators - Alliston Financial Group- World Wide Insurance Group

On/about 12/29/2005 I filled out a loan application online at Alliston Financial Group http://www.cashmoneylenders.citymax.com/page/page/2628995.htm.
Thier Address on website was 1575 Peach Tree ST. NE,Suite 429
Atlanta, GA 30309
Phone #(877) 225-1115 M-F 9-5 PST
1-734-931-1130 (this number appears to be somewhere in Ann Arbor Michigan forwarded to Jamaica)

On/about 01/04/2006 I was contacted by a Mr Criss Peters (phone message) telling me my loan had been approved for $4000 to contact a Mr Bruce Denson at 1-877-225-1115 he would be my loan consultant/contact and "congratulations on my loan approval".

On/about 01/05/2006 I contacted Mr Denson and he explained I did not qualify for an unsecured loan (that I had applied for) that I would need collateral. He begun to explain what collateral was and what they would take. IE...car (not more than 3 years old and clear title), home, land etc... I told him I did not have that collateral, but thanks anyways.

He then told me about insuring the loan as collateral. He begun to explain they can insure against the loan with a 1 time deposit of $485 with World Wide Insurance Group (55 Grove Lane Unit #62 Kingston 5). He explained I would get the entire deposit back after settling the loan/terms in 24 months. I agreed to the insurance to secure the loan and I would look over the paperwork. During my conversation with Mr Bruce Denson he mentioned a Mr Mike Shalland was with World Wide Insurance Group and would be setting up my account/trust with that agency.

I asked Mr Denson who he worked for and he stated The Locators and then later stated Alliston Financial Group. I asked who the lender was and he said he couldn't tell me that because they didn't want me to contact the lender directly, but that it was a local lender here in Florida.

A Mr Kirk Allen (allistonfinancialgroup@mail.com) then emailed me the paperwork/agreement with both The Locators and World Wide Insurance Group. There were some errors in the paperwork (Mrs instead of Mr, and some dates were wrong 2005 vice 2006).

I contacted Mr Denson back and told him what the errors were to correct them and resend the paperwork. They corrected thier mistakes and resent the paperwork on 01/06/2006.

The paperwork to include 5 Pages ...Loan Offer, Important Loan Disclosure Information, Loan Agreement, Loan Transfer Paperwork (how I want the loan sent to me, mail/electronic transfer (I chose electronic transfer), and World Wide Insurance Group Document explaining the insurance coverage/cost etc...

The 'Loan Offer' paperwork also asked for additional information to complete the transaction to include: Valid Picture ID, Proof of Income (pay stub) and Validation of mailing address (utility bill). I faxed to them same day all that information on 01/06/2006.

I read the paperwork (Loan Agreement) as follows: The loan was for $4000 at 15% interest ($746.74) totaling 4746.74. The length of the loan was for 24 months and payments were 197.78/mo. with 1 time deposit for insurance coverage against the loan of $485 (held in trust) to incure 3.75% interest per annum.

I called MR Denson back on 01/06/2006 and asked about the interest on the insurance deposit to be held in trust, if I was to get the interest as well as the deposit after I pay off the loan. He said "YES".

The Locators loan paperwork was signed by a MR Arthur F Ryan (Customer Relations Group Manager) and the World Wide Insurance Group paperwork was signed by Lisa Stenson (Senior vice President Smart Coverage Insurance Services).

I read, signed, and faxed all the paperwork back to Mr Denson 01/06/2006, Mr Denson contacted me and stated everything was in order all he neeeded was the deposit for the insurance, to wire $485 via Western Union to a Mr Hugh Elliot (whome I assumed worked for World Wide Insurance Group).

On 01/07/2006 I contacted Mr Denson and he again stated everything was in order and my paperwaork had been transfered to Mr Criss Peters for final execution/transfer of $4000 to my checking account to contact him at 1-876-879-7545. If I had any problems or the money did NOT arrive to contact Mr Denson back.

I immediately contacted Mr Peters, he told me everything was in order and that I WILL have my money electronically transfered by the morning of 01/12/2006.

So I pateintly waited for my loan to come in. In the meantime my phone got disconencted (sometime on 01/08/2006, I did not know this at the time).

On the morning of 01/12/2006 approx 9:30AM I looked up my bank account via internet, no money had been transfered. I contacted my bank via phone, (thats is when I relised my phone had been disconnected). So I used my cell phone to find out if there was a transfer that hadn't posted to my account yet, the bank said "NO".

I contacted Mr Peters to find out why and what the problem was, as well as give him my cell number. He stated he made several attempts to contact me, for some additional information (he never stated what that additional information was during that conversation), at my home number but wasn't able to, so the Insurance Company backed out of the agreement. They were going to need "DOUBLE" the insurance Premiums to secure the loan now.

I told Mr Peters I WILL NOT send, nor have the resources to send additional money.

I WILL NOT SEND THEM MORE MONEY. I have a signed agreement between me, The Locators/Alliston Financial Group and World Wide Insurance Group for a loan of $4000. I have completed to the letter my side of the agreement. They have yet to transfer funds to my account.

Mr Peters said I had 3 options at this time
1. A refund of my insurance deposit (that will take 30 days, not stated in the agreement about a refund or how long it will take)
2. To put my loan 'back on the net' and try to get me a loan with the deposit I already sent. (that could take weeks, if at all)
3. Send the additional funds (another $485).

Mr Bruce Denson, Mr Criss Peters and some secratary, un-named at this point, have all stated they work for The Locators/Alliston Financial Group. Thier head office is located in Atlanta Georgia and these are the phone #'s I have been given for the home office: 678-318-3415, 877-456-5170, as well as the numbers from the website. All phone numbers go back/or forwarded to Jamaica.

When I contacted 877-456-5170 A lady answered the phone "A Sure-In Financial" when I asked about the Locators or Alliston Financial Group, she said I had a wrong number and hung up on me before I could ask anymore questions.

I have used 411 in Atlanta Georgia to find out if Alliston Finacial Group/The Locators or World Wide Financial Group are located at the address listed on the website or if that was a correct number from the website. 411 was unable to locate any such company's or a phone number for that address at 1575 Peachtree Street. I am also unable to find out the phone number to World Wide Insurance Group.

I have contacted Mr Cris Peters on several occasions now and he has stated he's had no luck securing me my loan with the funds ($485) I already sent, to be patient (he has seen this process take from 2 hours - 2 weeks). I have yet to see the loan or a refund. 01/22/2006



Andreas E.
Baldwin, Florida
U.S.A.