- Report: #825907
Complaint Review: Windham Loan Center - Bangor Maine
Reported By:
KF2682 -
dayton, Connecticut, United States of America
Submitted:
Updated:
-
Author Confirmed
Why?
Windham Loan Center
175 Exchange St Suite 208A Bangor, 04401 Maine, United States of America
Phone:
1-855-249-1470
Web:
www.WindhamLC.com
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Windham Loan Center Windham LC Took 4015.00 in up front fees for a loan. Bangor, Maine
I had been looking on the internet for a loan of 40,000 fund my home business. I left inquiries everywhere. I received a phone call from Windham LC on my cell phone and they said I had been approved for a loan with their company....I jumped all over this, received an application from them, filled it out and faxed it back to them........They told me since it was across state lines, I would have to send them MoneyPak cards for 6 months of payments, then I wouldn't have to pay anything until July 2012.....
I did as they asked........Then they told me that I would have to purchase 1500.00 worth of insurance to cover this amount........I did as they asked and bought the insurance using MoneyPak cards...They told me the funds would be transferred into my bank account within 2-4 Hours....I called them and told them there was nothing in my account, and they said they would check it out..........then they told me that it was my bank's fault, because MY bank refused the accept the transfer...
They told me I had to call my bank and explain to them what was going on.........I called my bank and was told that there had not be any inquiries about direct deposit ,,,so I called Windham Loan Center back to tell them what my bank had told me,,, and guess what,,,,,,,,,,they have refused to take any calls from me, all I get is voice mail telling me to leave a message that I am a important customer and please leave a message,,,,,,,,,No one has gotten back to me, and they have 4000.00 of my money, and I have no way to get it back,,,,,,,
I did as they asked........Then they told me that I would have to purchase 1500.00 worth of insurance to cover this amount........I did as they asked and bought the insurance using MoneyPak cards...They told me the funds would be transferred into my bank account within 2-4 Hours....I called them and told them there was nothing in my account, and they said they would check it out..........then they told me that it was my bank's fault, because MY bank refused the accept the transfer...
They told me I had to call my bank and explain to them what was going on.........I called my bank and was told that there had not be any inquiries about direct deposit ,,,so I called Windham Loan Center back to tell them what my bank had told me,,, and guess what,,,,,,,,,,they have refused to take any calls from me, all I get is voice mail telling me to leave a message that I am a important customer and please leave a message,,,,,,,,,No one has gotten back to me, and they have 4000.00 of my money, and I have no way to get it back,,,,,,,
2 Updates & Rebuttals
TWSM
Southold,New York,
USA
"Across State Lines..."
#2Consumer Comment
Sat, January 21, 2012
Hmmm...
I think there were a few warning signs here.
The contact was from strangers on a cel phone (probably a throw away).
Companies don't insure loans, they insure collateral. Like mortgage insurance on a house, or collision insurance on a financed car.
Their rationale that a check was not an acceptable form of payment was because the loan was made 'across state lines'? That didn't strike you as odd at all?
6 months of payments upfront? Have you ever heard of that before?
Didn't the MoneyPak card have a warning about transmitting the numbers to strangers?
Green Dot or MoneyPak cards are like cash, you just handed cash to a stranger you cannot track down. A stranger with a throw away cel phone and a bogus loan application. And even better they left you blaming a company who might not even be involved. The Windham site doesn't have to be a false front, it might even be a real company that you never actually were in contact with.
You should certainly contact local law enforcement, but I doubt the Windham site is going to lead to anything. I am not sure there is much they will be able to do. The money is gone. At this point be glad you are only out $4000.00. I am sorry your desire to see your business get started led you to such a turn.
For more info on green dot scams:
http://www.dailyfinance.com/2011/06/23/beware-of-green-dot-moneypak-scams/
Ken
Colorado,USA
Here's the ONE (and only) thing you were right about...
#3Consumer Comment
Sat, January 21, 2012
"No one has gotten back to me, and they have 4000.00 of my money, and I have no way to get it back,,,,,"
This is an OLD scam, been around a l-o-n-g time. Everything you did sealed your fate on this.
Putting inquiries "everywhere" certainly caught their attention.
First, it is ILLEGAL for anyone to ask for money up front for a loan....the "insurance" purchase is just their final means of getting as much money as they can before they disappear.
The method of payment they asked to use makes the money untraceable and it's almost a certainty they aren't even in this country.
Sorry you were scammed.
