Royal Capital And Credit
Complaint 94911 Details

I went on line to look for a loan for people with bad credit and a web site came up that said it would send my info out to different lenders for review and Royal Capital And Credit called me the nex morning 3/17/12 and told me I qualified for either a $5,00.00 loan or a $7,00.00 loan and what date did I wan the payments to be made and that I would recieve a welcom packet with a coupon book in it and that I could make the payments at any Wells Fargo or Bank of America Bank and that my payments on a $5,00.00 loan would be $161.34 for 36 months a 10% and I had 4 options for securing the loan !. was to get a co-signer, 2. Have a veichle 2000 or newer, 3. Buy a loan insurance policy from All State insurance for $450.003. Make 3 months payment upfront of $484.02. I said I didn/t understand so he asked for a fax number and faxed me over papers that spelled out the terms of the loan with the options. In the peper work it said that their processing center was in Kingston Jamacia but O needed the money to make repair to my home so I ignored the red light about Kingston so I told him (Robert Jones) that I wouldn't have the money until Weds 3/21/12 he said ok and to sign and fax back the paper work with a copy of my drivers license which I did. When I called Royal Capital and Credit back which on the paper work the office is located in San Diego, Ca with a phone number of 818-478-8485 and told him I had the money , he told me to go to Western Union and wire the money to Jamacia to a Gayan Henry and that I would receive my check via Fed Ex or Ups by Friday 3/23/12 and when Friday afternnon came and I had no check I called him and he said he would e-mail the processing center and call me back well no call back so I called again on Monday 3/26/12 and got Robert again with the same answer, again no call back so I called again on Tues and was promised a supervisor would be calling me back but still no money or call back. I have reported them to the San Diego Better Busioness Bureau and to you so that no one else will fall for there line because what they send does look legal. Fyi to send money to Jamacia via Western Union it Costs $29.04 so I am out $513.06 which I could of use to put towards my repairs instead of tossing it out the window so to speak. Please post this because I contacted the BBB of San Diego, The California Corporation Bureau and Googled their name and no one had anything on them thats why I thought they were ok but not