Loans of America, aka (according to a Mr. Shane Williams) 7 min loan
Queja 326238 Detalles

On July 3rd I had requested information online to obtain an unsecured personal loan by someone with a lower credit score. I received several calls and the Company that had given me the best repayment schedule, the repayment amount, the non existing fees (they said upfront), and the basic sales of this loan by the "loan officer" named Tony I decided to listen to more of what they were going to offer me. NOTE: while listening to this too good to be true offer on my cell phone, I signed onto my I-Pad and googled the name of the company, they told me originally 7 minute loans, I figured no news was good news since I could not pin down an individual company, just a group of online companies that offered loan approvals in 7 minutes I went a head and heard the gentleman out, and anybody who does this to a person who is having a difficult time with a family that includes 3 small children, I use that term (gentleman) very loosely, I figured I would hope this was just what we needed to get out of the slump, get us back I on our feet and right where we needed to be, when we needed to be there. We were pre-approved up to $10,000.00, and after putting much thought into the amount, terms, interest rate, and payment amounts, we would be able to do $8000.00, and be well on our way. He told me the loan approval number, the loan number, and what to do and when, he laid on me I would have to produce a Green Dot Money pak for $250.00. I got a little upset, I did not yell or curse, but made it be know that I Asked at the beginning of the call specifically if I was going to need any upfront fees, and I was assured NO, and told him if I had access to $250.00 on demand I probably would not need the loan 24 hours ago vs. in 24 hours. He said, what can you do right now, I told him I seriously had $100.00 to my name, and that it was all the money I had in the world to last through the holiday weekend, and the entire week to follow, (I exaggerated by $50.00, but I wasn't going to tell him this), and he said he would talk to the loan supervisor, and he came back to me and said, because of your circumstances, he approved us to go ahead and except the $100.00. I asked him what he was going to do with this green dot card, and it was suppose to just be for verification purposes, and then he was going to tell me how we would be able to use it going forward once my funds were transferred. I gave him the number, he verified all my information, and said that either himself or the the loan supervisor would call me back once the transfer was completed, watch for it in the next 15-20 minutes. I waited 45 minutes and the Loan Supervisor called me and said we were unable to process your transfers because your credit score was too low, but go get another Green Dot Money pak for $500.00 and you will have your deposit in 10 minutes. Well, I then was not so lady like and said " You have to be Kidding me? What part of the $100.00 I just gave you was ALL the money I had in the world, did you not understand? He then told me that with this $500.00' he would be able to bring my credit score up to 700 or just above and I would have to do everything possible to make sure I made all my payments on time to keep it up there...... I told him, I was a little surprised that his company allows Him to basically fudge their paperwork like that to put in a loan like that? He then tried to tell me that, no this is going to be with the credit bureau's, and that is why it is so important that I maintained a perfect payment history going forward. I then could not help but laugh, and said, if he could read my credit reports, as he said he was he could see that my troubles were really not super extensive, that they late payments have only been within the last year, when my husband and I both lost our jobs due to lay-offs after both having been with our previous employers for 15 years for one of us, and 13 years for the other, and our scores were FABULOUS prior to that year, and because I'm in this predicament right now, it is not because I'm a "ignorant" person, and believe you me if I could pay to have. Y credit score increased on demand like that, I would have done it when my score was in the 700's and gave myself and my husband (who pays bills as they come in, not file for 2 to 3 weeks when they are due), both perfect scores 2 years ago, and we would probably still be close to 700 now. He was not as amused and said, it will be ok, ok, don't worry about nothing, and again said, just borrow the $500.00 from your neighbor and you have my word as a man, LOL, you will only need it for 10-15 minutes, and you can give it right back. I asked him, why am I going to try and get more money to give him, so he can take that, like he did on the first Green Dot money pak, he said, I did not, and I was online, and verified the funds were already gone, and he could just go ahead and give that monies back to me, he said he could not because my score was low, and I told him, I was obviously having trouble understanding him, and getting him to understand me, I was going to go work on some things, and before I go, can he please tell me the spelling of the company, because of the thick Indian accent from both him and the loan officer, I had to had written down wrong, he said the Loans of America... Of course when I did a google search on that I found a total of 96 complaints thus far....He must have thought I meant work on getting the $500.00, because he called me back 3 times, and the loan officer called me 2 times that day and at least 6 missed calls from him the next day, and one of the messages said, Mr. Shane Williams is holding on to your paperwork, all ready to do your transfer when you call back.
These poor excuses for human beings, let alone calling themselves Gentlemen, what a joke....who ever takes food from a child, which is exactly what they did to me, are in my opinion, heartless, lazy people, who are afraid of a little hard work to earn your wage, instead of taking the wages of hard working parents who are just trying to keep a roof over their kids heads, feed, and healthy....Shame on these so called men, and God is watching..