Complaint Review: CedarBrook Lending Group - Fort Lauderdale Florida

I was contacted by a Mr. Adam White representing Cedar Brook Lending Group on or around October 20, 2008 offering me a $5,000.00 loan. He informed me that he got my application off their website. Problem was, I never applied for a loan with this company. I told him that I was searching for a short-term payday loan for an emergency and that I did not need the burden of a $5,000. After speaking with him for a long period of time I decided to proceed with the loan. He sent me a contract with the terms of $117.86 for a period of 48 months with an interest rate of 6%. I signed the contract and returned it to him. Later on that day I received another call from Mr. White and he told me due to my credit report I would have to send a collateral payment of $1,055.64 in order to secure the loan. I told him if I had that on had I wouldn't need the loan. I told him I would think about it. I did some investigating on them, I checked the BBB site and googled their phone number and got nothing. Their were no complaints about them at this time.

On October 30, 2008 I sent the collateral payment per his instructions via Moneygram from a Walmart location per his instructions to a Lindsey Utley in Kelowna, Canada. This was only after I got reassurance from him that this was on the up and up. The next day October 31, 2008 I received a call from a Mr. Stanley Denton, Mr. White's so-called supervisor indicating that the loan fell through because the lender did a secondary evaluation and in order to secure another loan with an different lender I would have to send another collateral payment in the amount of $1,055.64. I told him that would not be happening and requested my funds back. He told me I would have to wait until November 24, 2008. I demanded he send me a written confirmation that I would be receiving this refund and he sent me a fax dated December 1, 2008 confirming that I would receive 1,271.00 on November 24,2008. This was supposed to be a reimbursement for the 1,050.00 I sent them plus the fees of $21.00 and an additional $200 for my troubles. I called him back on November 3, 2008 after receiving the fax because of the date discrepancy on the documentation and I did not hear from him until November 8, 2008 when he sent me another fax with the amount of the refund being $1,071.00 I called him again because this was not the original promised amount. He sent me another fax dated November 12, 2008 with all the information corrected.

I have been attempting to contact them since Monday, November 17, 2008 to ensure that I would be receiving my funds on the promised date. All my calls went straight to voicemail on Monday and no one has returned my calls. I tried calling them on November 18, 2008 and the phone is not in service and the website is down. I have filled complaints with the BBB and the Internet Crime Organization since then. I do not expect to get my money back but I seriously advise anyone not to deal with anyone from this organization or anyone from these organizations -- Clearview Lending (www.clearviewlending.net) or Prime Lenders (prime-lenders.net), these are all the same people.

Daphine

Belleville, New Jersey

U.S.A.