Complaint Review: The United Funding Corp

we have fallen behind on our bills. we decided to go online & try to find a personal loan to help us catch up. we have bad credit because we both lost our jobs at the same time a couple years ago & lost everything.

i received a call from The United Funding Corp saying i was approved for my loan of $5000. i needed to send a down payment of $500 as a sign of good faith. they told me that the lender would purchase insurance in case i defaulted on my loan. it made sense.

i sent the money via Moneygram on saturday afternoon. i was told my funds would be deposited in my account on monday morning. what a relief, my nightmare was over! monday morning arrived and no money. i called and was told since i submitted the paperwork late saturday afternoon, that my loan would be processed that day and the funds should be in my account the next day. tuesday came & went without my funds.

wednesday morning, i called again & was told that the lender had decided that i needed more of a down payment before my loan could be processed. i told them to forget it & refund my money. i was told a certified check would be mailed to me in three business days. i waited and received no check. i tried calling again but now i get a message saying the call cannot come through as dialed.

Jenn
Fairborn, Ohio
U.S.A.