Venience Management Group
Complaint 15327 Details

DO NOT FALL FOR THIS SCAM!!!! I had just gotten off the phone with these people and had a gut feeling that I should do my investigations. What caught my attention was the fact that they didn't want to give me a lot of information when I started probing. I asked a lot of questions that anyone talking to a reputable lender or banker would ask...like "what are my terms?" "Mark" said "171.00 for 60 months at 7%. I said outloud while trying to do the math.."so that is 171.00 for 5 years." Mark replied, "no that would be for 10 years!" I said, "what? Ten years?" He then replied, "Oh did I say 10 years? I meant 5." I thought to myself that this can't be real, a lender not knowing his math makes no sense to me. He said that he couldn't release the funds to me until I bought loan insurance. I said "I had never heard of that before" he said "they will take 10% of your loan amount which is going to be 700.00" I said, "700.00 of 10,000.00 would only be 7%!" I started getting fustrated and very suspicious because this person was contradicting his terms to me and nothing he said added up. They were not professional at all and the back ground noise was nothing I have ever heard in a professional lending institution before. I started sounding suspicious to him and that is when he kept rushing me off the phone rather quickly and kept urging me to get to a Western Union with my banking information if I wanted to get my 10K. I finally said, "what is the name of the "loan insurance" company?" He said, "Lone Star Insurance" I looked them up and they were a health insurance company. I read a blogger earlier that was duped by this same company. I am so sorry this happened to you. I know in tough times when it is hard to get the credit we need or the money we need to pay legitimate bills and survive that we reach for whomever may sound like they are willing to help and this is what happens. Company's like this take advantage of good hard working people like ourselves. Let's spread the word and most importantly, do the research before you give out anymore personal information. If you have credit problems, sometimes it is worth it to just bite the bullet and go for the ride. It does go away eventually but don't be another victim of a scam because you have financial stresses. God Bless.