Colonial Lending Group
Complaint 13197 Details

On 7/26/1 filled out an online application for a personal loan through Colonial Lending Group and on 7/27/11 I received a email back from a Richard Riley Letting me know if I was still interested in this loan to give him a call at the 877-535-9997 ext 587. So on 7/27/11 I called Mr Riley back and he let me know I was qualified for a 5,000.00 loan but i needed a 900.00 deposit which was 6 mo of payments to secure this loan. Well I spoke with my older daughters dad and asked if he could help us out as I was trying to find this loan to pay my older daughters school tuition so she could continue to attend there and to also pay on some bills we have because my youngest daughter has some mental health and medical issues that are preventing me from working outside the home at this time and we are currently in the processes of possibly losing our place of living because we are so behind on our bills so I thought this sounded like a true deal as I was also going over everything with my mother i was being told by Mr Riley and she seemed to also think things sounded good. So on 8/2/11 i received the check from my daughter’s dad and cash that check and then was told to Western Union it to a Adriana Morel in Spain. I was really scared doing this but at same time all sounded good and I was really desperate as no where will help us and we are still waiting on a social security court date to get my daughter on some kind of help and so trying to save everything for my girls I continued with sending the money and was told that i would see 5,000.00 in my account by morning by Mr Riley. So in the morning of 8/5/11 i called my bank to see if there was a pending deposit and was told NO. So I called Mr Riley back but was unable to reach him so i started pushing numbers till i got a live person who was named William Price and he went to get my file from this Mr Riley and then informed me that when the lenders insurance company went to re asses my credit they were not happy with my score and now all of a sudden needed another 900.00 which was 1 yr of payments down to secure the loan. I flipped out on Mr Price and started yelling and swearing at him because when I said no and i want my money back he said they do not do refunds until the 3rd Friday of every month which is 8/19/11 and he hung up on me and I called him right back. He then said if i came up with the extra 900.00 i would have the 5,000.00 in my account for sure on 8/5/11 because now the lender can not change anything they have to send the money. So with the help of my mom and sister i came up with 764.00 which is the amount minus the 1st western union transfer and then the second one as well so I didn't have to come up with a whole 900.00 again so now not only am i in the whole my mom and sister are as well and now their rent is late and the added stress has caused my mom to have some issues at work and was suspended because of her added stress and making errors in her job. and now after sending that money i still had no money deposited in my account so i called Mr Price again and asked where the money was and he said the system shows it was sent out try checking your back in a bit. So again I checked to find nothing so I called Mr. Price again and he said he would look into things and call me back so he did and then informed me that sometime early that morning the lender backed out and told no one they did so he said he was sorry but that he found another lender but the lowest loan they offered was a 8,000.00 which I said was fine, then he said they want more money down and I said there is no more I have already possibly cost us our home but my mom and my sister's as well. he then said I will try and get that amount waived which was another 1,275.00 and to give him a call on Monday 8/8/11 so I did about 10am and he then informed me he could only get a 800.00 credit and I needed another 475.00 I told him there is no more money and I want my money back. He said as I told you before we can only refund money on the 3rd Friday of the month and it will be direct deposited into my bank account on the 19th. I then did a claim on the Better business bureau website and today received a email stating this Your complaint would be best handled by the Attorney General's office, which I have already contacted and waiting for a form to be mailed to me. I just want my money back so I can hopefully save our home so we are not homeless with possibly no where to go as my mom and sister gave me some of their rent money as well and now we are all in trouble and could be homeless. I thought this looked real as I searched everything online and even by Mr. Riley's name and found nothing until a search on Monday showed me other's were having trouble like me.

Here are some websites I now found stuff saying it is a scam:

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