I was contacted by Stephen Carter when I sent out a text message selling a property. Originally I had his name saved in my phone as Doug Webb. He said he could loan me money to purchase properties at 6%. I originally asked for $85000 for 6 months. He had me fill out an application and it asked for my social security number which I left blank. I also sent him copies of my company bank statements. He sent me an approval notice and a term sheet.
The day before we were suppose to close he said I have to pay $1700 for an insurance policy on the loan. I told him I would not pay it so he said he would put the money on my credit card and I could get a cash advance on the card to pay the policy. I gave him my credit card number and he put $877 on it. He said he could not put more because my balance was only $877 so he had me get a cash advance and he put another $1600 on the card.
After receiving the money I immediately had my card number changed and I paid the $1700. Then he said I have to pay 5300 for loan processing. I told him I don't have it and he said I can pay $1300 and he would pay $4000. So I paid the $1300 and he supposedly paid the $4000. Then I asked him how long he loans money to people.
He said the maximum is 2 years so I asked if I could borrow it for 2 years instead of 6 months and he said yes. So several days went by and he sent me an ammendment stating that I was borrowing the money for 2 years instead of 6 months. Then he was suppose to wire the money on January 30,2019 and he did not send the wire. He told me he sent it and texted me a copy of the wire transfer sheet which had the wrong name on it so I immediately told him it would not go through because the account name wasn't exact.
He told me the money would be in my account and of course it never showed up! Then he says because it was rescheduled I have to pay 2950. I told him I'm not paying a dime more so he puts 3250 on my credit card and I send the 2950. The next day he says I have to pay 2350 because he doesn't like the fact that I'm telling him off about this whole process, he was going to pay it but now I have to pay it. All in all I'm out 6750.
He sends me a ENDORSED IRREVOCABI,E BANX CLOSING UNDETAKING which says that if I don't receive the 85K plus the 6750 with 24 hours his bank is to wire the 6750 to my account. I wait 48 hours and still no wire so I call the bank and they tell me to make a police report and that the document he gave me is worthless unless he works for the bank.
All4InvestingCapital LLC Reviews
I was contacted by Stephen Carter when I sent out a text message selling a property. Originally I had his name saved in my phone as Doug Webb. He said he could loan me money to purchase properties at 6%. I originally asked for $85000 for 6 months. He had me fill out an application and it asked for my social security number which I left blank. I also sent him copies of my company bank statements. He sent me an approval notice and a term sheet.
The day before we were suppose to close he said I have to pay $1700 for an insurance policy on the loan. I told him I would not pay it so he said he would put the money on my credit card and I could get a cash advance on the card to pay the policy. I gave him my credit card number and he put $877 on it. He said he could not put more because my balance was only $877 so he had me get a cash advance and he put another $1600 on the card.
After receiving the money I immediately had my card number changed and I paid the $1700. Then he said I have to pay 5300 for loan processing. I told him I don't have it and he said I can pay $1300 and he would pay $4000. So I paid the $1300 and he supposedly paid the $4000. Then I asked him how long he loans money to people.
He said the maximum is 2 years so I asked if I could borrow it for 2 years instead of 6 months and he said yes. So several days went by and he sent me an ammendment stating that I was borrowing the money for 2 years instead of 6 months. Then he was suppose to wire the money on January 30,2019 and he did not send the wire. He told me he sent it and texted me a copy of the wire transfer sheet which had the wrong name on it so I immediately told him it would not go through because the account name wasn't exact.
He told me the money would be in my account and of course it never showed up! Then he says because it was rescheduled I have to pay 2950. I told him I'm not paying a dime more so he puts 3250 on my credit card and I send the 2950. The next day he says I have to pay 2350 because he doesn't like the fact that I'm telling him off about this whole process, he was going to pay it but now I have to pay it. All in all I'm out 6750.
He sends me a ENDORSED IRREVOCABI,E BANX CLOSING UNDETAKING which says that if I don't receive the 85K plus the 6750 with 24 hours his bank is to wire the 6750 to my account. I wait 48 hours and still no wire so I call the bank and they tell me to make a police report and that the document he gave me is worthless unless he works for the bank.