Camelot Lending Services

Review: This "company" contacted me me with a loan offer after I had inquired online at a different site. They stated their offer & even faxed me a signed contract and commitment letter. They were upfront about the required collateral payments to secure the loan. Ok. Then called to say the lender required an additional collateral payment. As per our signed, legally binding contract, the lender had every right to demand additional money..once. I was told for the next 2 days that their computers were down. After the Easter holiday, I was told that my loan had been funded. Uhh...no. oh yes, the supervisor held it up because I needed insurance to guarantee my payments. Umm..that's what collateral payments is for. I needed to come up with ANOTHER chunk of money to send the "lender". Problem...THEIR OWN CONTRACT expressly states collateral payments OR coverage. (The word "insurance is never mentioned in 6 page loan docs.) Their contract is clear. The lender can require EITHER coverage OR collateral..NOT BOTH!! I argued with my "Senior Loan Officer" Paula Beal & then with her supervisor held whose English was so poor I still don't actually know her name. I demanded my money back. I was told it would be 30 business days. UNACCEPTABLE! I was given deadline after deadline...which I always met..I was only given hours not months. They breached their own contract a second time. In several places throughout, the loan docs state that THEY have only 24 hours to fund the loan after I completed required security. They continue to try to coax me out of more money. I told her to put it all in writing and send it to me. This money went to this, X Dollars goes to this and ALL REQUIRED PAYMENTS HAVE BEEN MET BY BORROWER & they would fund my loan the same day. Haven't received that fax or email..did you? I need that money back to pay the payments on the bills this and consolidation loan was only supposed to pay off. Thought I had researched them well...guess not.Desired Settlement: I would like all three "collateral payments" returned along with the ridiculously high fees to send the money 3 different times. I was repeatedly told by BOTH representatives that I would be reimbursed those fees. Fees were $24, $28, & $58. I have all paperwork I received from them as well as receipts and full documentation of all Western Union transactions. Total is $382+$300+$682= $1364+$110(fees) = $1474 TOTAL...& I need it YESTERDAY! She's still calling to see if I sent more money...WOW

Every single thing you find on the Internet about loan scams this company practices. They told me about the collateral fee which is 3 payments up front. I was just waiting to see if they would tell me to wire the funds. Which they did. To a [redacted] of [redacted]. I was told he was very wealthy and the collateral was just insurance since in the past the have sent money but people don't pay. They call your phone with a blocked number and if they forget to press *67 it comes up with different numbers. All of which are...yes magic jack numbers. Even the 9**SSN** is a magic jack phone that no one answers. I was excited about the loan but the more and research I did the more I realized I was a potential victim of fraud. Beware of this company

Review: This company is a fraud!! First they told me that my loan was approved after sending in all the paperwork they needed. Copies of DL, SS and bank information so that the funds would be deposited into my account. They called back and stated that because of my credit they needed a deposit for the 1st three payments for the loan. In the amount of $408.75. I was instructed to Western Union the funds to a MELISSA SURGEON in NY. Once they received the money a representative called and said that after looking at my information they could not grant the loan. When I asked for a refund of the $408.75 I was told I had to wait until May 9, 2014. Keep in mind they got the money via Western Union on March 24, 2014. When I called about the refund I was told in order for me to get a refund I had to send in an additional $299.00 for a processing fee. REALLY!!! Please do not be fooled by these people they are crooks who prey on people. Now looking back on the whole thing I see that my desire to get this loan at the time out weighed my better judgment. I hate that I was taken by them at my lowest point. I had to close my account at my bank. What makes me sick to my stomach is the fact that they have copies of my personal information.. NEVER AGAIN.Desired Settlement: I would like to get my money back..$408.75. I was never given the loan therefore, I demand a refund of what is due to me.