Fraud Loans
Complaint
Randi
Country: United States
On July 8, 2011 I applied for a $5000.00 loan with Union Capital Trust (1877-533-5545). On July 12, 2011 I was contacted by Phillip Hayden (phayden@unioncapitaltrust.net /Ext. 248) and was advised I was approved for the loan, but because of my credit score I would have to pay a deposit of four months in advance to receive the loan. I borrowed the money and used Western Union to send the money to Union Capital Trust on July 14th. The Western Union wasn’t made out to Union Capital Trust; it was made to someone in Spain. They told me it was going overseas because no lender in the states would insure my loan. After sending the money (a total of $860.00 with the Western Union fee) I contacted Phillip and gave him the money transfer number. I was told at that time that they would try to get me processed so the $5000 would be deposited the same day, if not, it would be in my account no later than 5pm on July 15, 2011.
Around 9am on the 15th I started getting phone calls from a blocked number but no messages were left. At about 11:00am they started leaving messages. It was Edward (Ext 501) with Union Capital Trust calling me about my loan. When I returned his call he told me my loan went through a second review and the institution who was insuring my loan wanted an additional deposit of $800.00. I told him there is no way I am sending them an additional $800. I told him I had to borrow the first $800 and if I had money coming to me that quickly, I wouldn’t need a loan. I told him at that time I was no longer interested in a loan with them & I wanted my deposit back. He told me because of their billing cycle it would be August 12, 2011 before they deposited the money into my checking account. I told him if I was able to send the money directly to them, they should be able to return it to me immediately. He became very argumentative and the conversation didn’t progress. I followed up the next week to make sure the money would be sent to me on August 12th and I was assured by Edward it would be.
Today, August 17, 2011, I called Union Capital Trust to check on my refund as it has not been received at this time and the telephone number has been disconnected. I am reporting them to as many organizations as I can & posting on as many blogs as I can.
Around 9am on the 15th I started getting phone calls from a blocked number but no messages were left. At about 11:00am they started leaving messages. It was Edward (Ext 501) with Union Capital Trust calling me about my loan. When I returned his call he told me my loan went through a second review and the institution who was insuring my loan wanted an additional deposit of $800.00. I told him there is no way I am sending them an additional $800. I told him I had to borrow the first $800 and if I had money coming to me that quickly, I wouldn’t need a loan. I told him at that time I was no longer interested in a loan with them & I wanted my deposit back. He told me because of their billing cycle it would be August 12, 2011 before they deposited the money into my checking account. I told him if I was able to send the money directly to them, they should be able to return it to me immediately. He became very argumentative and the conversation didn’t progress. I followed up the next week to make sure the money would be sent to me on August 12th and I was assured by Edward it would be.
Today, August 17, 2011, I called Union Capital Trust to check on my refund as it has not been received at this time and the telephone number has been disconnected. I am reporting them to as many organizations as I can & posting on as many blogs as I can.
Comments
You are dealing with crooks, who use promises of some loan to entice you to give them YOUR money as "fees", "insurance", or this "deposit".
They don't loan anything. They just con people out of $800 or more in "fees" for this "loan" you will never get.
"The Western Union wasn’t made out to Union Capital Trust; it was made to someone in Spain. They told me it was going overseas because no lender in the states would insure my loan. "
If you had paid them via a transfer directly from your checking account, or a charge against your debit or credit card, you may be able to get your bank to reverse the charges due to fraud. If so, Immediately contact your bank.
That is why they had you transfer by Western Union, supposedly to Spain, but they can pick up the money anywhere in the world. Contact FTC and the FBI, but there is not much chance you will get your money back.