Shawn
Riverdale,#2Author of original report
Mon, December 22, 2008
After reviewing a few different articles about internet, bank account, and loan scams. Its so sad to see all the different people that these people have scammed. Whats more unbelievable is that nothing has been done to catch this financial preditors. I recieved a call from a Maria Taylor with Avalon Lending Service. This company was apparently originally Alliance Lending. This company offered me a personal debt consolidation loan in the amount of $7000 and a low 7% interest rate which definately seemed like a good deal. After talking with Maria and informing her that I did not have the funds requested ($975.00) for the down payment, she advised that Avalon would except partial payment of $800 amd the remaining $175 should be paid with 24hrs after receiving the loan. Now, because I was looking to consolidate some old hospital bills on my credit, I assumed that they would offer me the loan and clean my credit for me not deposit $7000 into my bank account. Because I leary of money scams, I decided to do some investigating. I asked Maria to send me some information on her company but all she sent was loan documents and the letter pasted below. Please read the letter I recieved below. ********************************************************** Dear: Jane Doe, You can rest assure knowing you have made the right decision by choosing AVALON LENDING SOLUTIONS to act on your behalf in finding an appropriate solution to your financial needs. AVALON LENDING SOLUTIONS has been committed to helping our clients achieve their financial goals since 1993. Our owner and Co founder, Ronald Taylor, vision is to win loyal clients through excellent customer service and as a result 100% customer satisfaction. We respect your privacy and guarantee the information you have provided to us will remain confidential. We see this as our responsibility and the minimum standard for meeting and exceeding our client's expectations. At AVALON LENDING SOLUTIONS we realize carefully planned budgets may not always stretch as far as you may need them to. Borrowing is always an option that can be taken, yet for some; it may make life more complicated than easy. Here at AVALON LENDING SOLUTIONS we welcome all of your questions. We will work with you exploring all financial options available to you. Our company is committed to treating our clients with courtesy, professionalism and respect. AVALON LENDING SOLUTIONS would like to take this time to congratulate you and inform you that we are in receipt of all the necessary documents necessary to process your loan application. Here at AVALON LENDING SOLUTIONS we abide by all laws governing documents handling for identification purposes. All documents supplied to us are used solely for the purpose of obtaining your loan. This information is confidential and cannot be released without the verbal and /or written consent of the client. We trust that all information provided on your application is accurate. Failure to provide correct information on your application could result in this contract determined null and void. Thank you for accepting the terms and conditions negotiated on your behalf by AVALON LENDING SOLUTIONS who will be securing the loan on your behalf. The Insurance Coverage protects the lender in the event you refuse to pay back the negotiated terms due to the fact that you the client have become unemployed, or, have relocated without notification. Welcome to AVALON LENDING SOLUTIONS. We have adjusted your terms to suit your personal and financial needs. We hope that we can work with serving you better than ever before, and we thank you for your partnership. Sincerely, David O. Brian Senior Operating Manager ********************************************************* Again after researching this company, as with many others, I have discovered that this company does not exist and there have been approximately 36 complaints placed with the BBB against them. Unfortunately, because the company doesnt exist, consumers have not been able to be reimbursed for the money lost. Please, please, please...research these companies before you accept any advances. Although this company has a well put together website (www.avalonlendingservices.com) this doesnt make them a legitimate company.