American Stimulus Funding Group
Complaint 6602 Details

I was contracted my a representative for American Stimulus Funding Group by the name of Donlad Stuart. Who informed me that I was approved for a $8,000 loan with $165.00 monthly payments. Their so called legal department emailed me my contract to review and sign in which thereafter, I sent the completed contract bac. After numberous telephone conversations with Mr. Stuart, I did not at any time could see that this was a scam. Due to my credit, I was told that I needed to send (at first) $535.00 to cover insurance due to default of payment (if that were to happen) which I sent and my funds would be deposited into my checking account within 3-4 hours. That never happened. On 7/22/2011, I contacted Mr. Stuart (if that is his real name) to let him know that the funds were not in my account. He informed me that due to a pass bankrupcy, one of the investors wanted me to purchase more insurance in the amount of $465.00 (just so happen to be a total of $1,000 they would get). After looking at the contract it stated that more insurance would need to be collected IF the bankrucy was within 7 years. I told Mr. Stuart that my bankrucy was dismissed nine (9) years ago and I was within the contract and should not be charged the additional amount. he claims the investor was firm on their decision. I sent the $465.00 western union as I had done for the $535.00 I still have the receipts from western union with so called "receiver names". I have phone messages from this person confirming funds received on their end and that the funds would be in my account first thing this morning, in which they are not. I am in emergency need of this money is the reason why I decided and believed in this company and what it would be able to do for me. I now am facing bills that will not be able to get paid as well as late charges. I hope that something can be done about my situation.

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