ValleyMeade Financial Brokers
Complaint 166384 Details

I received aq call from this company offering me a personal loan for $5,000. The money was to be wired to my checking account the day after I signed the paperwork. When it didn't arrive I called Michael Murray 1-855-249-1469, ext202. Mr. Murray advised that the lender would not release the money because they would not accept the application without a 5 month payment down of $887.50. He requested the payment be made with a green.dot card. So I sent the money and was told the next day that they required the 6 month payment for insurance at $1000 it guaranteed they would get their money if I defaulted. I sent the money and next day was told they needed another $1000 as they wanted the full insurance guarantee. I questioned the broker about this and told him that I couldn't believe this lender doesn't have their crap together. I sent another $1000 and was promised the money would be released the next day. Again I was told they forgot to collect closing costs of 875.00, i was so frustrated by this time that the broker had is CEO write me a fax stating that he would see to it that I got my money I paid in back but I would have to send the $875.00 because their system had to show it so they could pay it back to me. The next day, still no money and now a request for $675.00 for addition down payment on an increase from $5000 to $7000 loan. I blew up at this jerk broker and told him I wanted back every dime I paid in. He told me that unless I paid the $675.00 they could not release the loan which was now in the amount of $9,616.00. I said that I had already paid in almost all the money I was going to borrow and would not be taking the loan and asked for my money back. He told me that he could not send it back unless I paid the $675.00. I told him he was an idiot and a puppet on a string and that I would not be sending any more money. I contact the attorney general's office in New Hampshire and spoke to Jane Lord. She asked me to send her the numbers from the green dot cards, and the one net spend card. She was going to try to get thih place shut down, but I would be out my money as this company was more than likely a scam. I should have never sent them any money especially after the second request for money before releasing the loan. I am retired and that was my life savings for emergencies. I have not been able to get thru to Mr. Murray as he does not return my calls. He hung up on me a couple of times when I questioned him about the practices of his company and the lender he was using. Any help you can give me would be greatly appreciated.