Kovach Financial Trust
Complaint 249052 Details

On April 9, 2013, i received an email from Ms Monica White, a loan officer from Kovach Financial Trust that i was approved for a $5,000 loan. I was told to call her back so i did. After submitting the required paperworks for loan processing, she told me to wait for 3 to 24 hrs and the money should be wired into my bank account but it was not. So i called her the next day and asked her that i did not received the money. She told me that that my lender wanted me to send a collateral payment of $454.16 via western union because i am a high risk and in order for her to secure the loan for me. I should had followed my instinct that this was a scam because the lender were charging me only 9% interest according to Ms. Monica White knowing that i am a high risk. Plus sending a collateral payment to a different person via western union as instructed by Ms. Monica White suggested a red flag. But i send it anyway because i was desperate and it was received by the receiver. I was again told by Ms. Monica White that i have to wait for 3 to 24 hrs to get the loan into my bank account and same results, no money was sent. I emailed her back and told her that i did not receive the money and she told me again that the lender needed additional $454.16 for insurance but i told her i can only afford $227.08 and she said that was fine. I send that money via western union on May 30, 2013 and it was received on June 4, 2013. For the third time i was told to wait for 3 to 24 hrs but i never got the loan. I emailed Ms. Monica White several times but no answer. I knew then this was a scam. I will continue to pursue this until i get my money back.