877-461-2503

These are a bunch of sharks telling you are approved for a personal loan and then tell you that they need 885.00 in order to give you the loan because of bad credit. They claim that it is 4 payments for the loan of 5,000 and then you get a 6% interest rate and payments of 221.00 a month your first payment is not due until March 1, 2011. Do not fall for it is a SCAM!!!!!!

I called the RI Attorney Generals office & called the Pawtucket Police Dept. These people are scam artists!  Now they are saying you can send the advance fee via Western Union escrow to a friend or family member & it won't be cleared till the loan gets deposited in your bank account; then you would change the Receivers name to them. I fell for almost the same exact scam last Nov & lost $3000. Along with hundreds of other innocent victims. The companies name was East Guardian EquityGroup who quickly uprooted their operation & moved on. Don't fall for there so called sincerity. All they want is your hard earned money!

actually this company is legitimate, i have actually just went thru with there services and got my loan and i was required to put down a prepayment, im not sure if you all have the right company but westfield in rhode island is definately a LEGIT company. i had to put down 787.50 for a 5,000 loan i made the payment on wednesday october 27 at 1;00pm and got my funding on thrusday october 28 at 2;00pm the next day. i got it directed deposited right into my checking account, make sure its the company at 342 pawtucket ave, i spoke to a guy named frank he was very knowledgeable and he walked me thru everything step by step, definately going to be a return customer

Thats [***], you never got the money.  This must be Frank himself writing this.  My friend got scammed with this and gave $880 and was told she had to give another $880 for the $5,000 loan.

Did he make u sign a contract? He told me that it was legally binding. I was just about to western union them the money and got a weird feeling like I shouldn't. he is persistant about when you are going and then gave me an individual to Western Union the money to, not a company. Just doesn't sound right. I work hard for my money for him to rip it out from me

is this for real need to know before i go through with it

I called arouund  and talked to many people and  I was told  that this is more  than likely a scam. NEVER Western Union money to someone you don't know. Also about the  escrow...they can change  that if they want to. Why would they ask  you to Western Union a person and not a company?? When you you make the  payments you will be paying the company so why are you paying the person up front??  This sounds  bogus...

How real are the people on here?? I think this company is posting comments so that they can scam people. I don't believe you people!!!! I was looking online and CANNOT find anything about them! If they were so real and good they why can't I find out anything about them?? They are not even registered/licensed with Rhode Island. They are doing business illegally in Rhode Island. I would love to believe that they are real but sorry they aren't. If someone has hard evidence I would gladly recant.

I think "really" is right - there is somethng fishy here!

Western Union said you can call and change the info. Western Union also says they aren't suppose to be an "esccrow" company and that is not what they are there for. There is an alert for fraud for them, why would that be if they were legit?? So  there is no bad mouthing that I can see just people who cannot find "real" info  on them. Rhode Island licensing bureau didn't have anything with their President or "loan" agent name, company name...so on so forth. They shpould be licensed if they are  doing business. And in talking with the Attorney General they seem to think it is a scam as well. Pictures mean nothing.  If they have been in business for as long as they say then it would be easy to find them. I am a regular person and I can even find myself on the internet. So all this talk is from real people who have had good or bad experiences with them. But the only problem is that the people who supposedly have had good experiences have no backing. I def wouldn't take the chance.

Probobly the people who scam are posting this... bah...

I agree...we aren't the ones who need a life just the other ones that are posting this.   We are  the honest people...I  believe "y'all" are the scammers. It  has nothing to do with the down payment just  that they can't be verified!!!!!!

I think this is a scam. It's *absolutely* senseless for a lender to require a prepayment of say 4 months' worth of payments in cash up front from the borrower because the loan has *not* yet been made, therefore *no* interest has accrued, and these 4 payments are simply a straight reduction of principal. In which case, why not just borrow a *smaller* amount like the original loan amount minus 4 payments worth? If these 4 payments are a fee for getting the loan, I think this is illegal for I remember reading somewhere that fees can only be charged *after* the loan is obtained, e.g., points are rolled into your mortgage note and never paid up front. It's the shuffling of money back and forth between borrower and lender that's suspicious because it's simply unnecessary. Your sending the lender say $1,100 for a $10,000 loan is crazy; why not just borrow $8,900 instead of shuffling money back and forth? The only answer I have is the money going back and forth are of 2 different colors. The money the borrower sends the lender is real money (the borrower's hard-earned money) while the loan the lender sends the borrower must come up bad sooner or later. I'd never do it, it reeks!

Geez these scammer are busy on this site. At least it means they're not on the phone stealing money when they're lying on line. These "positive" posts are made within minutes of each other, with the scammers answering themselves. Just another way scammers try to use this site because they think they're smarter than the honest people who come here -- when just the opposite is true.

Do an internet search on UPFRONT FEE LOAN SCAM.

These people are criminals plain and simple.

The good thing is that every fake positive post they put here makes them look more phony and ridiculous. Any sane person knows a legitimate loan company NEVER asks for advance payment. The Federal Trade Commission will tell you that too.

I gave this company the benefit of the doubt twice.  I made a Western Union transaction, per William Stone's instructons, to David Beckwith in New York, New York.  I called to check the status of the transfer and was told it was going to Canada.  I cancelled the transfer and got a refund.  We got a phone call from Mr. Stone stating that we will be turned over to collections and the loan will be reported negatively to the credit agencies. We called back. The agent then told me he made a mistake and the lender was actually in "North York" Canada, hence the confusion.  He said to make the transfer to a family member but send it to the North York. I could then change the recipient name once my loan deposit was in my bank.  I sent the money in my father's name, but got an awful uneasy feeling in my gut.  I called Western Union and told them exactly what I had done, step-by-step, and the agent pretty much guaranteed me it was a scam and suggested I cancel the transaction. I have not done so at the moment; however, I have put a suspension on the Western Union transfer so that no information can be changed and the money cannot be picked up until I call them from a specific phone number and provide personal information.  If the money is deposited into my account by 2 PM tomorrow, I will release the suspension.  Otherwise, I will receive a refund from Western Union.  This way the lender can verify that the down payment is available, but I will not lose my investment until I know the offer is legitimate.

FYI-the company has no internet presence other than a website with no contact information and anonymous comments.  When checking the address via maps.com with bird's eye and aerial views, all I see on Pawtucket Avenue are residential homes.  411 information does have a phone number available, however.

Your response is nonsensical. If the lender is fearful of lending money to deadbeats, why is it soliciting random borrowers without screening them? Your claim that requiring borrowers for money up front reduces that probability is *complete* nonsense because deadbeats look at the loan structure as an *exchange* of money - deadbeat gives lender $1,100 in exchange for $10,000 and the deadbeat is $8,900 ahead and never pays it back. Having potential deadbeats advance $1,100 to the lender for a $10,000 loan does *NOT* protect the lender from being scammed for $8,900 by each real deadbeat but it *does* cause potential deadbeats to Western Union $1,100 of irretrievable *real* money to the lender. The truth is the scammer-lender will keep the victim's $1,100 and vanish. This is just another twist of the good old-fashioned *ILLEGAL* advance-fee loan as described on the FTC's web site here http://www.ftc.gov/bcp/edu/pubs/consumer/telemarketing/tel16.shtm
Here's another similar ongoing scam where borrowers advance money for a loan that never shows up https://800notes.com/Phone.aspx/1-877-437-0343

You're *both* part of the scam. Read all about it here http://www.ftc.gov/bcp/edu/pubs/consumer/telemarketing/tel16.shtm

THIS IS A SCAM. THIS IS A NEW TWIST ON THE GOOD OLD-FASHIONED ADVANCED-FEE SCAM AS DESCRIBED ON THE FTC'S WEBSITE HERE http://www.ftc.gov/bcp/edu/pubs/consumer/telemarketing/tel16.shtm THAT STATES: "It is illegal for companies doing business in the U.S. by phone to promise you a loan and ask you to pay for it before they deliver." THE MONEY YOU WESTERN UNION THEM IS REAL HARD-EARNED MONEY AND MONEY SENT THROUGH WU IS IRRETRIEVABLE - YOU WILL LOSE THIS MONEY. THIS IS A SCAM. USE YOUR COMMON SENSE - BANKS/LENDERS *DO* *NOT* REQUIRE YOU TO PUT MONEY UP FRONT WHEN YOU GET A LOAN (CAR, PERSONAL, ETC.) FROM THEM. THIS IS A SCAM.
READ ABOUT A SIMILAR SCAM IN FULL SWING HERE https://800notes.com/Phone.aspx/1-877-437-0343 WHERE THE SCAM-STORY USED IS A LITTLE DIFFERENT BUT WHICH HAS THE SAME END EFFECT - VICTIMS END UP SENDING REAL CASH THROUGH WU AND THEY WAIT FOR A LOAN IN VAIN. THIS IS A SCAM.
Report to the Internet Crime Complaint Center http://www.ic3.gov/complaint/default.aspx , the Federal Communications Commission http://esupport.fcc.gov/complaints.htm , the Federal Trade Commission https://www.ftccomplaintassistant.gov/ and your state AG.

No disrespect intended but did it ever occur to you how weird "make the transfer to a family member but send it to the North York ... change the recipient name once my loan deposit was in my bank" sounds? I hope you did not tell them your relative's name for they might forge an ID and try to pick up the money anyway. And how convenient for the scammers was it for the WU money to be headed to Canada (Canada being a favorite place for scammers)? A legit lender would *never* ask for money up front before you get your loan (read my post a few posts above yours) but if a lender had to tell you to move money to NY, it would *never* tell you to send it through Western Union, and it would *never* tell you to send it to NY if the intended target is Canada. And no legit lender is going to tell you to switch names on a WU money transfer.
I'm quite sure this is a scam. Read about a similar scam here https://800notes.com/Phone.aspx/1-877-437-0343 where the scam-story's a little different but with the same end result - victims Westurn Union real money to the scammers and wait for their loan in vain. I advise to get your money back from WU immediately.
Report to the Internet Crime Complaint Center http://www.ic3.gov/complaint/default.aspx , the Federal Communications Commission http://esupport.fcc.gov/complaints.htm , the Federal Trade Commission https://www.ftccomplaintassistant.gov/ and your state AG.