South Atlantic Commerce
Complaint 45293 Details

Received a call from William Thompson of the above so called company saying i was approved for a loan of $5000.00 and a monthly payment of $161.21 for 36 months, but based on none establishment credit i will have to put in $800.00 as a security but this would go towards the principal of the loan and i would not need to pay back any money until May 2012. I had my rent money and i send them the $800 to the person they asked me to and was told the money would be in my account the next day. On the next day no money went in. The next day Mr Davis called saying i will need to make $800 more security as the lender was unable to obtain security for my loan due to my credit and i would not need to make any payments until 10 months as the $1600 would go towards the principal. I told him this is my rent money and i have a young baby and family so cannot afford to be put on the street. He told me i would definately get the loan the next day. I send the other $800.00. On the following business day still no money. I called them and was told the lender backed out of the loan and i could not get my money back until December 10. I told him this is my rent money and i need it back to pay my rent. I kept calling everyday all i got was rudeness from Mr Davis. I received a call from them one day after i told them i was going to take it further and all they did was cursed me out calling me (Inappropriate Content Removed) I tried calling the number some days ago but got no answer.