Pinecrest National & Cardif Pinnacle

Loan Scam

26th of Jul, 2011 by SaraJane

I applied for a $10,000 loan and was contacted by Marsha Lennox of Pinecrest National in New York. She said I was approved for my loan by an outside company called Cardif Pinnacle and would send me over the loan application. She then called me back and said that Cardif Pinnacle was asking for loan insurance in the amount of $865.65 wich would be 3 monthly payments on my loan. I wired the money and was promised my loan within 24 hours. The next day I called because no funds had been transferred into my account and Marsha then began to tell me that they needed more money (15% of my loan before they would approve it.) Being desperate for the loan I wired another $577.10 and Marsha said that Pinecrest National would pickup one of my payments for the inconvenience. I was supposed to get my loan that day after wiring the extra money but still no luck. I waited all weekend and still nothing. I called Monday morning and Marsha said that Cardiff Pinnacle wanted to drop me from the loan because of my credit and that Pinecrest National would refund my $1515.65 within 10-14 days. I have yet to see a refund and I feel like a fool for being scammed into this mess. I hope this helps anyone looking at these companies..they should not be trusted. Also, I have talked to other loan companies since and they said that NO company should ask for money upfront for any kind of loan, the only reason you should pay someone is if it is a finder's fee.

Track this Report 3 Comments | Post a Comment

Comments

4869 days ago by SaraJane

Tia Hutton was the woman's name I wired the money to in Canada

4868 days ago by Orangegummie

You just saved me from doing the same thing today. With horrible credit and desperate I had no choice. But something told me to look online and I found this. Were you able to find another lender?

4853 days ago by Hac74

Marsha Lennox was the women I spoke to as well. Wanted me to send 1100 for the first three month payments. Called the number back that she had given me they are all no longer in service. Wow glad I found this info. Thanks