- Report: #29556
Complaint Review: The #1 Lending Institution - Etobocoke Ontario
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Author Not Confirmed
Why?
The #1 Lending Institution
201 lloyd manor rd suite 702 Etobocoke, M98-6H6 Ontario, Canada
Phone:
416-899-2092
Web:
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Categories:
Business Rating:
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Tell us has your experience with this business or person been good?
The #1 Lending Institution is a consumer fraud ripoff scam company. Etobocoke, Ontario
I paid $875.00 insurance for a $5,000 dollar loan which I have yet to receive .....
i had applied for credit on the net. I received a call from this company at my work number. They asked for more information and in a couple of days i heard back from them.
They told me i had been approved for a loan. i only needed $3,000 but Dorothy McCall told me the smallest loan they offered was $5,000.
I needed to come up with $875.00 or get a co-signer. The money was to be held for only twelve months of the loan at which time the money would be returned to me with interest.
The money was wired western union to the attention of Anthony Jordan. Once the money was wired I was to receive my cashiers check by DLH in 2 to 3 working days.
I talked to Dorothy McCall everytime I was contacted and then when the insurance was to be paid I talked to Sherry Reed in customer service.
When i did'n hear from them for a day or two I called the phone number for Dorothy McCall again and the number was no longer in service.
The phone for Sherry Reed in customer service was the voicemail box for Claire Stone? The date she gave on the recording on the mailbox was 8/23/02
On the paperwork the signature of the company president was Herb Levy and Bernice Johnson was signed as Department Head.
It cost $71.00 to wire the $875.00 so I am out of a total of $946.00 I don't want anyone else to get stung.
phyllis
canton, Ohio
i had applied for credit on the net. I received a call from this company at my work number. They asked for more information and in a couple of days i heard back from them.
They told me i had been approved for a loan. i only needed $3,000 but Dorothy McCall told me the smallest loan they offered was $5,000.
I needed to come up with $875.00 or get a co-signer. The money was to be held for only twelve months of the loan at which time the money would be returned to me with interest.
The money was wired western union to the attention of Anthony Jordan. Once the money was wired I was to receive my cashiers check by DLH in 2 to 3 working days.
I talked to Dorothy McCall everytime I was contacted and then when the insurance was to be paid I talked to Sherry Reed in customer service.
When i did'n hear from them for a day or two I called the phone number for Dorothy McCall again and the number was no longer in service.
The phone for Sherry Reed in customer service was the voicemail box for Claire Stone? The date she gave on the recording on the mailbox was 8/23/02
On the paperwork the signature of the company president was Herb Levy and Bernice Johnson was signed as Department Head.
It cost $71.00 to wire the $875.00 so I am out of a total of $946.00 I don't want anyone else to get stung.
phyllis
canton, Ohio
1 Updates & Rebuttals
Jennifer
Toronto,Ontario,
Canada
Illegal practice
#2Consumer Suggestion
Wed, December 18, 2002
I'm not sure about the rest of the country, but in Ontario it is ILLEGAL to ask for any upfront fee to process a loan. The usual (read legal) way of acquiring these fees is to add them to the final amount of monies being borrowed. So if you are borrowing $5000 and are required to pay fees (for insurance or processing, etc..) of ,say, $150.00 then you would in fact be borrowing $5150.00 and this amount would also have interest applied to it. NEVER NEVER NEVER give anyone any money in order for them to lend YOU money. Good luck!
