- Report: #196473
Complaint Review: ROYAL OAK FINANCIAL GROUP - TROY Michigan
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Author Confirmed
Why?
ROYAL OAK FINANCIAL GROUP
1441 EAST MAPLE ROAD SUITE #103 TROY, 48083 Michigan, U.S.A.
Phone:
888-336-1311
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
ROYAL OAK FINANCIAL GROUP ripoff promise of a 5k loan if I payed for insurance up front. TROY Michigan
Two weeks ago I went on to a website and applied for a loan. Last Monday a lady name Joanne Hall called me @ work and said that she was from Royal Oak Financial and that I was approved for a $5,000.00 loan. She further stated that she could not get me approved through a bank, but a private lender. I had two choices for getting this loan 1.)have a co-borrower with a 710 beacon score and an annually income of $70,000.00 2.) pay an up front insurance fee of $1043.00. She emailed me some loan documents to look over and she told me to call her back within ten days letting her know what I wanted to do.
I called her last Thursday and told her I was getting ready to do the western union, but I was very uncomfortable with this and I hope that this wasn't a scam. I did check on the BBB and because I saw them listed I was somewhat okay, but still not comfortable sending this money which I didn't have it was money for my rent and other bills. But I sent the money in faith that the 5k would be direct deposited into my bank account and I would be able to pay my rent and other monthly bills.
I sent my western union to Lisa Jones, in Barrie Ontartio, supposedly with Allensbury Insurance Group. As of today, I have not received the loan and just last night I was called by another employee, supposedly in customer service named Carolyn Parker, who told me that my loan was being held because the private lender wanted an additionally $1100.00. I proceded to tell her that I think that they were a scam and I just wanted my up front fee returned to me. She told me that she would process the request and I asked that she email proof that this refund was being taken care of. I called her tonight and she said that she could not email me the proof yet because the refund process had not been complete. Right now,my bank account is over drawn $721.00 and I my rent check hasn't even been deposited. I am a single mother and a salaried paid supervisor. If I don't know how I am going to recover from this financially.
My first question is how is this company still in business? Secondly has anyone been successful in getting their upfront fees returned?
I have gone as far as threaten to expose them, because I work for a newspaper and television station, looks like I might need to contact one of the reporters to see what can be done.
I have begun the process of contacting ,consumer affairs, federal trade commission and the canada police.
Please contact me with any assistance that can be offered.
Patricia
Tampa, Florida
U.S.A.
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
I called her last Thursday and told her I was getting ready to do the western union, but I was very uncomfortable with this and I hope that this wasn't a scam. I did check on the BBB and because I saw them listed I was somewhat okay, but still not comfortable sending this money which I didn't have it was money for my rent and other bills. But I sent the money in faith that the 5k would be direct deposited into my bank account and I would be able to pay my rent and other monthly bills.
I sent my western union to Lisa Jones, in Barrie Ontartio, supposedly with Allensbury Insurance Group. As of today, I have not received the loan and just last night I was called by another employee, supposedly in customer service named Carolyn Parker, who told me that my loan was being held because the private lender wanted an additionally $1100.00. I proceded to tell her that I think that they were a scam and I just wanted my up front fee returned to me. She told me that she would process the request and I asked that she email proof that this refund was being taken care of. I called her tonight and she said that she could not email me the proof yet because the refund process had not been complete. Right now,my bank account is over drawn $721.00 and I my rent check hasn't even been deposited. I am a single mother and a salaried paid supervisor. If I don't know how I am going to recover from this financially.
My first question is how is this company still in business? Secondly has anyone been successful in getting their upfront fees returned?
I have gone as far as threaten to expose them, because I work for a newspaper and television station, looks like I might need to contact one of the reporters to see what can be done.
I have begun the process of contacting ,consumer affairs, federal trade commission and the canada police.
Please contact me with any assistance that can be offered.
Patricia
Tampa, Florida
U.S.A.
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
6 Updates & Rebuttals
Kim
San Antonio,Texas,
U.S.A.
Consumer Comment
#2Consumer Comment
Fri, June 16, 2006
To all - it is too bad that we all got taken on this one. Trying to do the right thing. Unfortunately, not everyone is on the up and up, we just learned the hard way. By the way I was contacted by a Adrew brown with Better Lending Choice today in response to my application for a loan (which I did not submit). When I called back the phone was answered by someone else (no company name). I asked what company they represented and they told me that it was Better Lending Choice and when I asked them where they were, they indicated they were in Manitoba. I wonder how much money they want us to send. Be on the lookout for these people. They are not yet listed on the web site.
Rhonda
Stockton,California,
U.S.A.
Royal Oak Rippoff
#3Consumer Comment
Thu, June 15, 2006
Patricia I am so sorry this had happened to us. And we should try to do something about it this is a start because who knows how many other people area being scammed right now. I am in total shock nothing like this has ever happened to me. Please anyone also reading this please feel free to contact me and maybe together we can stop this company and get our money back. Rhonda in stockton, CA CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
Rhonda
Stockton,California,
U.S.A.
Royal Oak Rippoff
#4Consumer Comment
Thu, June 15, 2006
Patricia I am so sorry this had happened to us. And we should try to do something about it this is a start because who knows how many other people area being scammed right now. I am in total shock nothing like this has ever happened to me. Please anyone also reading this please feel free to contact me and maybe together we can stop this company and get our money back. Rhonda in stockton, CA CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
Rhonda
Stockton,California,
U.S.A.
Royal Oak Rippoff
#5Consumer Comment
Thu, June 15, 2006
Patricia I am so sorry this had happened to us. And we should try to do something about it this is a start because who knows how many other people area being scammed right now. I am in total shock nothing like this has ever happened to me. Please anyone also reading this please feel free to contact me and maybe together we can stop this company and get our money back. Rhonda in stockton, CA CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
Rhonda
Stockton,California,
U.S.A.
Royal Oak Rippoff
#6Consumer Comment
Thu, June 15, 2006
Patricia I am so sorry this had happened to us. And we should try to do something about it this is a start because who knows how many other people area being scammed right now. I am in total shock nothing like this has ever happened to me. Please anyone also reading this please feel free to contact me and maybe together we can stop this company and get our money back. Rhonda in stockton, CA CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
Aafes
Viernheim,Europe,
U.S.A.
Your money is gone
#7Consumer Comment
Thu, June 15, 2006
Sorry to say, but the money is gone. Several clues should have sent up red flags in your situation. The first was the use of "Western Union", especially to an individual. There are legitimate business that use Western Union, but all of them have special "city codes" with WU (for example ABC Financial in Ohio would be "ABC OH). When money is sent to an individual, it can be picked up anywhere in the world there is WU often without ID. This is a common scam over the past 10 years or so. Scammers set up a website, run a newspaper ad, send unsolicited emails - all offering "guaranteed" loans. You provide your information believing it is a "legitimate" company (often they will post ads using an honest company's name or logo). You then receive the call to wire the "insurance" money. Based on the income you indicate they may ask for even more believing you have available funds. These scammers are normally living out of hotel rooms, usually in Canada, using prepaid cell phones and after they begin to feel the heat is on (maybe noticing someone watching them as they go the WU for the 10th time) they simply pick up and move. The RCMP, FBI, FTC - all of law enforcement is aware but prosecution is difficult. Simply, there is no proof anything occurred but that money was sent WU.
