I applied for a loan on the internet forgot all about it and a week, later a Vanessa called (June 6, 2009) and I was approved for a $8,000.00 loan, with an interest of 7%, $154.00 per month, but I had to send $875.00 for a security deposit, so she emailed me loan docs I signed them, then I was told to Western Union the money to Canada to a man names Dewayne Henry and was told my money would be in my account the next business day, which it wasnt, then my calls got transferred to a so-called executive manager named Phillip Moorehouse he said the loan didnt go thru- but if I paid a portion of the policy premium which would be another $900.00 I would get the money in an hour–so I Western Unioned the money agan to Dewayne, still no money, called him back the next morning he said I had to pay half, the lender wouldnt do this unless I paid half- by this time I had aleady gave out $1500.00 I needed this money- so I gave the $600.00 , figuring if I paid half I would for sure get the loan…He again promised me and promised me it would be in my account. It wasnt. I called him the next day (june 12), and he said the lender wont do it, and it would take 45 days to get my money back, since then I have called him 3 times aday, told him I contacted the Better Business Bureau, 2 News Channels in Colorado. No phone call back. The number is still out there there is still a website. Unfortunately my last phone call wasn’t so friendly. He stoled $2400.00 from me, which $2000.00 was a loan I just got from a Bank in my hometown, but my son was graduating and we had a grad. party on June 13th and a vacation planned for June 28, so I thought the extra money would be nice. Here is the company’s information. Thank You For Your Time.
William Long
Altec Financial Group
1400- 16th Street #350
Denver CO 80202
Ph#(888) 811-1051
Phillip Moorehouse Extension #345
This post was submitted by Willaim Long.
June 22nd, 2009 at 5:43 pm
This sounds like there a petty large group of these people operating on the same scam.
June 23rd, 2009 at 9:52 am
Same situation happened to me. I got all the way to the western union to send the money and lucky for me i didn’t have enough cash to cover the fee and didn’t have my debit card either. So I went home and did some investigation before i sent anymore money. It is sad what people will do to others. Get peoples hopes up for a little break and then kick them when they are down! I hope this doesn’t happen to anyone else!
July 5th, 2009 at 11:44 pm
All,
Please take care and be careful with this company..I had applied
for a loan through the Hillcroft financial Lending website (which
may be a front for scammers) and was forwarded to Altec Financial Group. I was contacted by Vanessa Washington from the company.
We discussed my situation and she sent me paperwork for the loan that
she had worked up and rec’d approval on .. the paperwork looked legit, but not enough legalese I thought..potential first red flag. (I was still sensitive from my first scam attack)
The problems started when I noticed a security deposit for the loan – I had been approved for $10k @ 7% for 5 years. they asked for a $1375
security deposit. but Vanessa told me that they would not deduct it
from the loan proceeds.. I had to send the cash upfront to her..I think I got suspicious when she said to use Western union..but I don’t
exactly remember..All I knew was at that point, I knew this was not a good scenario. so i held back and did not send any money as I did not have a good feeling about the transaction.
As part of the loan, I also had to agree to an insurance policy on the loan which was part of the total amount of the principal. But I think this may be normal. Not for sure these days..
While they do show up in the BBB listing as an Advanced Fee Broker (Denver,CO or US BBB listing), I also noticed in further research that a similar company name had also been in Canada and had been labeled as a scam. Maybe coincidence but wasn’t going to take the chance..further search results seemed to confirm my suspicions..
I also did another check earlier today and this gentleman’s story popped up… Very similar except I didn’t send any money. http://www.bustathief.com/altec-financial-group/
And , to make matters more pertinent, it was right about the same time I interacted with this individual as well. Vanessa and I had conversed on thursday 6/7/09 and I was going to send funds on the 15th. I will note that on all the paperwork, I saw just about every type of job title in a company.. a note from the CEO, a VP welcoming me, Account rep, Account executive, Accts Receivable Manager, all signing their portions of the paperwork.. etc…
Company Information as noted on the documentation I rec’d:
Altec Financial Group
1400 16th St Suite 350
Denver, CO 80202
Contact : Vanessa Washington
1-888-811-1051
email : AltecFinancialGroup@gmail.com
Please watch out for this company ! I will note that I can no longer access the website for Altec at present.. all I could do is to access the cached page from my google search.. I have also raised the flag against this company on Credit.com’s Scam forum as well.
July 9th, 2009 at 11:00 am
What if I submitted an application on line and now they have my information. What should I do.