5K Loans

Review: Me an My wife was told to send $146.00 to start the loan process to be funded, then they turned around the next day an said we have to pay a $200 insurance fee for the loan amount being so high. So my wife told the 5kloan.com rep [redacted] if that's his real name that we did not have an extra $200 at the time an he said to call back next week an the loan process will continue. So today 10-*-2013 my wife agreed to send the $200 to insure that the loan would be paid out today. Upon sending the $200 they now say we have to pay an additional $221.56 for westion union fee to receive the loan so we did because we really need the extra cash to pay our monthly bills. Now they tell us that we have to pay the taxes on the loan before they can send it. That was it we have had enough of try to send money that we really don't have in our budget so now they say we're not going to receive any of the money back that we've already sent them. I now know it was all a scam.Desired Settlement: Immediately Refunded funds

Business

Response:

I am the Human Resources Director for Blue Global, LLC. and its subsidiary Salem Capital Investment Group, LLC, each d/b/a [redacted] (“5kLoans”). We are in receipt of your Notice of November **, 2013, regarding nine outstanding complaints. We apologize for the delay in responding to your concerns, however the original complaints were sent to a recipient who is no longer working here.

5kLoans is not a lender. Instead, 5kLoans operates a payday-loan search engine, whereby 5kLoans attempts to match loan applicants with one of 5kLoans’s lender-partners. The loan search process is clearly explained on the 5kLoans website at [redacted] When a consumer completes an application for a payday loan through 5kLoans, the consumer’s information is transmitted to 5kLoans’s lender-partners for evaluation and purchase.

Additionally, 5kLoans does not make or authorize charges to an applicant’s bank account. Nor does 5kLoans instigate any verification of an applicant’s personal information.

As a payday-loan search engine, 5kLoans is required to provide some of an applicant’s information to our lender-partners. Additionally, 5kLoans is unable to cancel a loan approval for one of its lender- partners. Consumers would need to contact the lender offering the approval directly to cancel and to find out what that lender-partner does with the personal information of the applicant upon declining a loan.

Further, as a payday-loan search engine, 5kLoans is unfortunately unable to provide these consumers with any answers regarding the interactions they would have had after using our matching service.

All of the consumers in question have been added to our global suppression list, and they should not receive any future emails advertising 5kLoans or any other of our products and services.

Review: I applied for a loan $2000 with 5k loans and I completed the application. I was notified by [redacted] who told me that I was approved for the loan, I needed to pay $145 fee which is refundable once the funds transferred into my account. I was then told to purchase a vanilla prepaid card. I was notified that it would take 20-25 minutes before receiving the money. [redacted] told me that there was a hold on the money. I was then transferred to the risk department where then I spoke [redacted] and he explained that I needed to pay an additional fee for insurance of $225 I payed it on another vanilla prepaid card. I told him that I did not have anymore money. [redacted] stated that I couldn't receive the money through my account, it would have to go through Western Union and I had to pay $284.40. I am very upset this company would not refund my money nor did I get the loan. I needed help and came up with nothing. I needed the money to move because my landlord don't want to do any repairs to the property. Please help me I wouldn't want this to happen to anyone else..Desired Settlement: I want my money refunded of $370 since I never received the loan and my personal information deleted from their systems.

Review: Back on 10-**-13 I was in desperate need of a loan; I applied online for a payday loan and 5K Loans called me back promising to lend me $3000.00. So I fell for it. It was a demoralizing experience. I was first told that there was a processing fee that I had to pay up front so that they could transfer the loan to my bank account I was told to go buy a Green Pak Money Card at a local 711 or CVS for an amount of $252.00 then call them back with the payment number. When I called back with that payment card they told me I misunderstood and that it was supposed to be for the amount of $252.69 and could not process it because it had to be for the exact amount! So at this point being so much further in dept I went ahead and borrowed money from a family member and purchased another Green Pak Money Card for that amount which by the way aren’t refundable. So I called them with this payment number. They put me on hold for about an hour just to come back and tell me that the loan would not go through to my bank account cause of an incorrect routing number which was all correct. So then they told me another way was for them to process it through Western Union. So being this far in dept I said ok. Well now they came back and said I had to pay a CT IRS fee for the amount of $283.45 before they could send it through the Western Union. So of course I called a friend to borrow money to pay this amount on another Green Pak Money Card. Sent that amount through and was told that the IRS website wouldn’t accept that card and that I had to buy a different card called a Vanilla Reload Network Card. Keep in mind at this point there were telling me that all these fees would be added to the Western Unions transfer on top of the $3000.00. So I was thinking that I’d be able to pay everyone back that same day once the transfer went through. So if things couldn’t get any worse, I was told now I had to come up with a Western Union fee for the amount of $380.00. At this point I was 8 hours into this scam tired frustrated and out of money and resources to borrow from. Also lost 4 hour of overtime from work! So I told them that I just wanted all my money back. They said they would refund me for the amount of $840.41 but it would take up to 45 days. This caused me to go to my employer and explain to them what happened to me and ask for financial help from them. My employer ended up loaning me $1000.00 to pay everyone back which is coming out of my check weekly. So on 12-*-13 I called 5K Loans to get a update on my refund. They said it was ready but I had to pay a Federal fee of two hundred plus dollars. I told them I would be contacting the Revdex.com to file this complaint.

People at 5K Loans whom I spoke with:

[redacted] Ph: ###-###-####

The terms of the loan were supposed to be;

$3000.00 at a payback amount of 108.33 a month for 3 years.

Loan ID they provided me with is [redacted]Desired Settlement: I just want them to pay me back the $840.41 + that they stole from me!! I don’t understand how our government allows scam businesses like this one to continue wrecking people’s lives. I agree that I should have known better but they knew what they had to do to keep me on this trail of need funds

Business

Response:

Review: I applied for a loan that [redacted] said I was approved for, they then asked for $205.00 to be put on an "electronic design card" that would be refunded to me at the time the loan deposit was made in my account. After I gave them the $205.00, which is something I NEVER do but I am in a very desperate situation, I received another phone call stating that in order to receive the funds I would need to pay an additional $400.00. I explained that I don't have an additional $400.00 he asked me if I wanted him to cancel the application or put it on hold. I told him to cancel the application and deposit the $205.00 back into my account at which time he said I will receive the "refund" in 40 - 50 day's by mail, I explained that I can't wait 40 - 50 day's and that I was going o contact the Revdex.com & the Attorney General's office, he proceeded to tell me I was threatening him and asked me "who are you"? "No refund for you" and hung up on meDesired Settlement: For them to re-pay the $220.00 immediately. There was a $15.00 charge to put the money on this card.

Review: I was informed I was approved for $3,loanThey asked for processing purposes that I put $on a blue dot for processing services and the monies would be fundedThey then informed me they need another $as they were having problems depositing monies into my bank account due to FDIC problemsThey then said they needed $350+ in prepaid taxes which was demanded by the Federal Government and that it would be refunded to me this year when I did my taxes (?????????)They claim they are affiliated with the FDIC, Attorney General's offoce and the IRSThey also stated that they were approved by the Revdex.comThey are liars and shisters that should not be allowed to do business in this countryShame on me, I checked the Revdex.com after I was out the $Tough economy, people working hard to get through it and you have people such as thisPlease take them down!Desired Settlement: That you put them out of business and get refunds to all who have been mislead
Business
Response:
Dear [redacted],
Please review the attached letter for our response to your complaintPlease also let us know if we can be of further assistance
,
-
Consumer
Response:
I have reviewed the response made by the business in reference to complaint ID# [redacted], and have determined that my complaint has NOT been resolved because:
When I asked the person on the telephone "representing" 5kloan for their address in New York, they gave me the address that is on record with the Revdex.comThe Revdex.com has 5kloan rated as an "f" and I am assuming there is a reason for thatI did understand that they could possibly share my information with another lender, however, I would expect a business to know exactly who it is they are sharing my personal information with i.etelephone number, social security number etcIt did not state that they would be sending my information to "scammers", I expected it would be a reputable companyIsn't that what a reputable company would do, make sure they know who they are doing business with
Furthermore, I am not the only person who has written a letter to complain to the Revdex.com and 5kloan's response is always the same, we have no idea who is doing this and will try and track them downBasically, they have no idea who they released my (and who knows how may others) personal information toUnacceptable
I feel in this situation 5kloan is taking no responsbility for their actions and have acted in a less than responsible manner to consumers who go to them for a loanSending out personal information when identity theft is so prevelant in this day and age is irresponsible and unprofessional and a detriment to the consumer
Lesson learned, stick with businesses rated "A" by the Revdex.com
Regards,
In order for the Revdex.com to appropriately process your response, you MUST answer the question above
Sincerely,
Business
Response:
Dear [redacted],
5kloans does not make or authorize
any charges to an applicant’s bank accountFurthermore, 5kloans does NOT
contact consumers asking for personal information, nor does it attempt to
collect money from consumersIt seems that you may have been contacted
as part of a broader ‘advanced fee loan SCAM under the pretext of originating
from 5kloansThose contacting the consumers directly are not affiliated with 5kloans.comThese culprits are also NOT obtaining your information from our databaseYou never applied for a loan on one of our sites
We are looking into the fraudulent
use of our product/site names in this manner and will pursue legal action if
necessaryWe are also updating our sites to educate and alert consumers
to this type of scam
Sincerely,
Consumer
Response:
I have reviewed the response made by the business in reference to complaint ID [redacted], and find that this resolution is satisfactory to me and the matter has been resolvedI appreciate the fact that you are investigating into thisI take responsibility for my stupidity, I wanted you to make sure this doesn't happen under your name again
Thank you

Review: I was giving strict instructions on how to receive a $1,000 loan I was approved for. I was told I was approved for a loan and had to complete a process in order to receive the loan I had been approved for. I was told that they could not go into my account to verify that I had enough funds to pay my first installment. So I would need to go to a CVS store and purchase a Vanilla Reloadable Network and put $132 on it. Then I had to give them the 10 digit number on the back so they could view the money. This would be proof that I have money to pay the first installment. I did as [redacted] ext. [redacted] told me and he said $1,132 would be transferred to my account in 30 minutes. He said I would receive the loan for $1,000 and my money $132 back that I used to prove that I could pay them back. No money was ever transferred to my account. I was contacted by [redacted] and he explained that my bank would not allow them to transfer $1,000 but instead they would allow them to transfer $15,000 and I could have that. I in know way intend to take out a $15,000 loan. I told him I just wanted my money back, not the loan. He told me that since I was cancelling my application that there would be a $100 cancelation fee that he would take from the $132 they took from my card and the remainder would be sent in the mail in 45 days. I applied for the loan because I needed money, I used my last $140 to get the money and now I have nothing.Desired Settlement: I would like to have my entire $132 returned to me because I only allowed them access to it because I was told I would get it back in 30 minutes along with the loan.

Review: I APPLIED FOR A 5000 LOAN WITH THIS COMPANY, THEY TOLD ME I NEEDED 175.OO DOLLARS TO VALIDATE MY ACCOUNT. I GAVE THEM THAT UNDER THE CONDITION THAT IS WOULD BE REFUNDABLE IMMEDIATELY. ONCE THAT WAS DONE THEY THEN SAID THEY WOULD RELEASE THE FUNDS TO ME. I SPOKE TO THEM AFTER THE $175.OO PAYMENT WAS PROCESSED ABOUT MY LOAN RELEASE AND THEY SAID THEY COULDN'T RELEASE THEM TO ME BECAUSE I NEED TO PURCHASE INSURANCE FROM THEM FOR $350.00. THAT WOULD SECURE ME IN THE EVENT THAT I DEFAULT ON THE LOAN. I TOLD THEM I WANTED MY $175.00 REFUNDED TO ME AND THEY TOLD ME IT WOULD TAKE 45 DAYS TO GET TO ME IN THE FORM OF A CHECK. THEY NEVER DISCLOSED THIS INFORMATION TO ME PRIOR TO TAKING THAT PAYMENT (MY MONEY-$175.00) PLEASE HELP ME TO GET MY MONEY BACK FROM THIS COMPANY AND WILL YOU RED FLAG THIS COMPANY IF POSSIBLE. THEY ARE [redacted].Desired Settlement: I WANT MY MONEY BACK!!!!!!!!!!!!!

Business

Response:

I am the Human Resources Director for Blue Global, LLC. and its subsidiary Salem Capital Investment Group, LLC, each d/b/a 5kloans.com (“5kLoans”). We are in receipt of your Notice of November **, 2013, regarding nine outstanding complaints. We apologize for the delay in responding to your concerns, however the original complaints were sent to a recipient who is no longer working here.

5kLoans is not a lender. Instead, 5kLoans operates a payday-loan search engine, whereby 5kLoans attempts to match loan applicants with one of 5kLoans’s lender-partners. The loan search process is clearly explained on the 5kLoans website at [redacted] When a consumer completes an application for a payday loan through 5kLoans, the consumer’s information is transmitted to 5kLoans’s lender-partners for evaluation and purchase.

Additionally, 5kLoans does not make or authorize charges to an applicant’s bank account. Nor does 5kLoans instigate any verification of an applicant’s personal information.

As a payday-loan search engine, 5kLoans is required to provide some of an applicant’s information to our lender-partners. Additionally, 5kLoans is unable to cancel a loan approval for one of its lender- partners. Consumers would need to contact the lender offering the approval directly to cancel and to find out what that lender-partner does with the personal information of the applicant upon declining a loan.

Further, as a payday-loan search engine, 5kLoans is unfortunately unable to provide these consumers with any answers regarding the interactions they would have had after using our matching service.

All of the consumers in question have been added to our global suppression list, and they should not receive any future emails advertising 5kLoans or any other of our products and services.

Review: 5 K loans contacted me stating I was approved for a loan of a hundred dollars and to send 150.00 for good faith and they would deposit 1150.00 in my savings account in 45min. They said I had 8 months to pay the cash back @ 137.50 a month, I was directed to buy a vanilla card give them the numbers and they will send the cash, it never was directe, I called them they said they are getting a federal FDIC code error, so to go to western union pay 126.00 to pick up cash, we argued back and forth I went, they wanted me to give them the numbers om the card but would only give me the first 6 digits of the mtcn # when. Said no he stated we American expect things for free, and am I saying he should pay for my mistakes. We argued for a while back and forth and then he hung up blocking my number he answers from different #s. I spoke to [redacted] ext [redacted] then [redacted] ext [redacted] then manager [redacted] ext [redacted], who also said he was sending me a 200.00 gift card to ebay for my troubles, they have all my personal info and are selling it to different companies, also they have debt consolidation people calling me. Also they are doing the something again but using a name cash America loan [redacted] ext [redacted] and ace cash express [redacted] saying they know the other companies are are a scam but they aren't and if I send them 300 they will send me 2000.00 and I pay it back over a yearDesired Settlement: 200.00

Business

Response:

I am the Human Resources Director for Blue Global, LLC. and its subsidiary Salem Capital Investment Group, LLC, each d/b/a [redacted] (“5kLoans”). We are in receipt of your Notice of November **, 2013, regarding nine outstanding complaints. We apologize for the delay in responding to your concerns, however the original complaints were sent to a recipient who is no longer working here.

5kLoans is not a lender. Instead, 5kLoans operates a payday-loan search engine, whereby 5kLoans attempts to match loan applicants with one of 5kLoans’s lender-partners. The loan search process is clearly explained on the 5kLoans website at [redacted] When a consumer completes an application for a payday loan through 5kLoans, the consumer’s information is transmitted to 5kLoans’s lender-partners for evaluation and purchase.

Additionally, 5kLoans does not make or authorize charges to an applicant’s bank account. Nor does 5kLoans instigate any verification of an applicant’s personal information.

As a payday-loan search engine, 5kLoans is required to provide some of an applicant’s information to our lender-partners. Additionally, 5kLoans is unable to cancel a loan approval for one of its lender- partners. Consumers would need to contact the lender offering the approval directly to cancel and to find out what that lender-partner does with the personal information of the applicant upon declining a loan.

Further, as a payday-loan search engine, 5kLoans is unfortunately unable to provide these consumers with any answers regarding the interactions they would have had after using our matching service.

All of the consumers in question have been added to our global suppression list, and they should not receive any future emails advertising 5kLoans or any other of our products and services.

Review: I originally applied for a 1,000.oo loan, and he asked me for 4 differednt types of fees transaction/westernunion/1st 3 monthly payments/ visability fees, they were all placed on either Gree Dot oney Pack's or Vanilla cards,

After they took me for 2500. I said I Wanted my miney back. [redacted] the CEO said it would tKE 2-3 WEEKS after 3 weeks they called and said I only had to pay the western union fees which were 1962.78 to have my money refunded. [redacted] Chase the Accountant sibd to purchase Green Dot money Packs for the transaction, Aproximatley 1/2 later [redacted] called to tell me that I had purchased the wrong cards and they were in the wrong amount as wel. Then [redacted] calleed me and yelled at me telling me how stupid I was for purchasing the incorrect card (which he tole me to do so)

He then went on to threaten me that if I did not get the transsction done by Friday, he would put it in the US Treasry and I could not get it.

He also told me that it was to late to complete the transaction, and I would habe t pick it up on Monday.

When I called on Monday is where he came up with this ridiculous amout of money 1962.78 because the original transaction had expired. Even though it was their falt by telling me to purchase the incorrect card in the beginning. The accountant's excuse was that they newver deal with sums over 10,000 so he did not know.

All three men [redacted]) have given me personal guarantees that I will get my refund if I just pay the monises owed. (hich include trans action fees, erstern union fees, and documentation fees again)

They clam that they are all just westernunion fees. If I don't pay by the 25 they will turn the oney into the U.S. Dep of Tresuary and I will loose it.Desired Settlement: I would like to have the entire amount of money that I have pain in various fees.

These fees include but are not limited to: Western union Fees, Document Fees, ect.

As well as shutting the company down to prevent other innocent people in the future from having this happen to them.

Consumer

Response:

At this time, I have not been contacted by 5K Loans regarding complaint ID [redacted].

Sincerely,

Review: I contacted 5k Loans, spoke with a young man name [redacted] who said that he had gotten me approved for a 3,000 loans and I would have to make 6 payments of 575 back to the company over 6 months. He said that I need to upload$ 189.17 to a prepaid debt card and call he to make the transfer. He explained that I was paying for the bank fees and to have the money transferred through the bank. After I did that he said that the money would arrive to my account within 40 minutes. It never did, when I called he back he said that I needed to send another $300 dollars for me to get the loan.Desired Settlement: I would like to speak to the President of the company and a full refund!

Review: I had applied for a cash advance/payday loan for 2000 through 5K loans. I had provided them with required information which was employment information, social security, bank account information. I had received a call from a person called "[redacted]", who initially went through making the arrangement for a loan and had me approved for 2000 dollars. According to "[redacted]" I had to purchase a my [redacted] network prepaid card and load it with 268 dollars. This was according to "[redacted]" an advance fee to secure and prove credibility that I was able to keep up with the payback arrangements of the load. When I had purchased the card and called in I was transferred to "[redacted]" who was the loan offer and took my information for the reload card I had just purchased. I told "[redacted]" about providing legal documents and agreement information for all this I was then told that the information would be provided to me in an email the following morning, I never received any such proof or documents. The officer who handled the transfer of loans was gone for the night and that I would be contacted the following morning. When I was contacted the following morning by [redacted] I was told that the FDIC did not allow the 2000 dollars from the loan to be deposited into my account. **. "[redacted]" said that the other option I had was to deposit it into another account that was under my name, which I mentioned to him I did not have. The last option he told me was that I could do a [redacted] Money Transfer to my name. I said if that is the only option that is fine to do the [redacted] money transfer to have the money picked up at any [redacted] location. When I was told the money was ready I had to go to my nearest [redacted] or [redacted] and process another my [redacted] prepaid network card and make another payment of 268 dollars through [redacted] reload network. I had never agreed to pay according to **. [redacted] "fees" to have my money transferred to me. I told him I did not have the money and could not borrow it. I was told that I have to pay fees and he was being very aggressive & even hung up on me. When I called back I told him I wanted a refund. He said the "company" would send me a paper check in 40 days for an unknown amount due to also being charged cancellation fees and other "fees" that I was never told until after I said I wanted a refund. They are illegally and unauthorized to deduct charges I never agreed to or was told before hand. The company has failed as of yet to provide legal documentation of any transactions. I had the the my [redacted] reload customer service and was told the card was redeemed and transferred to another card. I have no guarantee of the paper check amount and also the company is deducting fees from a cancelled process in which nothing was done.Desired Settlement: I wish to have the money refunded back into my bank account or back into my [redacted] network card or back into the prepaid card I had purchased. If I do not see this case resolved I will be hiring a lawyer and taking the company to court for malpractice.

Review: Trying to get a 5K loan and after providing over 1K in fees, no loan has been provided.Desired Settlement: I would like the monies given to be refunded.

Review: I was offered a loan for $1,500 and was told that I needed to pay $105 to have the money wired in my account. After that was done they called me back and stated that my bank would not let them deposit the money and that I would need to have the money sent to me Western Union and then asked for me to pay $278 to have the money sent to me. I then asked if that was all that would be needed and he said yes. All payments were sent by a prepaid card. After that he then called back and said I needed to pay $398 for insurance. I refused and asked for my money back and he hung up on me.Desired Settlement: All I am asking is for the money that I paid to be refunded since it was stated that I did not need to pay anything to have the money sent to me.

Business

Response:

Dear [redacted],

We have attached our response letter to this email. Please let us know if we can be of further assistance.

-[redacted]

Consumer

Response:

I have reviewed the response made by the business in reference to complaint ID# [redacted], and have determined that my complaint has NOT been resolved because:

[

I have read the response however I am not sure as to an outcome. I assumed I was going through 5k loans and printed off the loan agreement. I was scammed but how am I to be reimbursed for what has happened to me? What is a possible resolution to this other than an "Im sorry"? What actions will be taken against these people that provided all the information to me?

Please help

]

In order for the Revdex.com to appropriately process your response, you MUST answer the question above.

Sincerely,

Business

Response:

Review: Wednesday, September, [redacted] I received a call from a male stating he was from 5K Loan Services and he could assist me with a long term loan with a small monthly rate. The name he gave was [redacted] or [redacted] (with a middle eastern accent). He stated he received my information about a loan. I previously applied for a loan at my bank, but he promised their rate was lower. I qualified for 5 thousand dollars in a loan that would be released to my bank account the same day "within minutes". I told him that I wouldnt need anything like that large amount, so asked what would a $1500 loan do for me. He said the payments would be $124 per month fr 24 moths. - I was asked to get a Credit Bureau Voucher. Which [redacted] promised was completely safe and all payments, etc would be reported to all 3 bureaus. The amount needed to be $130. I should go to Walgreens/CVS and call them back when I got to the store. I called back and the voucher, he said was called a "Vanilla Prepaid Card". I got the card gave the pin number. #[redacted] I was placed on hold for 17 minutes. [redacted] came back on the line and stated that the amount was approved, he wanted to forward me to the accounting department. I told him no! I wanted the money. If I was approved, send the paperwork and deposit the cash... not that Ive done my part. He said hold on, and had me to speak with a [redacted] (with a middle eastern accent) with the accounting department. -[redacted] said I needed to pay the insurance on the amount.I needed to get another card #[redacted] in the amount of $200. Again I was put on hold for 23 minutes. When [redacted] came back on the telephone line he said he needed to verify my checking account info and he was about to deposit the amount. He then put me on hold for 17 minutes. When [redacted] returned, he stated for some reason, the bank was not allowing them to do any deposits. He said it was an issue with the FDIC. He then announced that he would gladly use Western Union. I said that was fine. He said, I needed to cover the fees on my end. I dint think anything of it, because western union was no more than $10-$15. He again said call when I got to the location, call him and he would assist me with filling out the western union form. We filled out all parts of the form, when I asked for the tracking number, he said I needed to pay the fee first. I said okay, I would get in line at the western union location. [redacted] said no, I needed to pay $219.60 to them with the vanilla card. I got the card #[redacted]. By this time, it was around 6:55 pm. Again I was placed on hold. After the 14 min hold, [redacted] said they are trying to get everything done, so I could get the number. But for some reason it wasnt working. I then screamed at him and said I wanted all of my money back. He ask why, what was wrong. I said he was a fake and I was being screwed. He said not true, by 10 am I would have the number with the cash. I again told him he needed to get me my cash back now! He hung up. I called at 10 am 10/*/13 and got a recorded message. At 10:02 [redacted] called me back. He said the money was ready, but I needed $225 in Taxes. I asked him to email me or fax me the info so I could read over it. He could not do that because they only deal with the United States Postal Service. I said no way, send me my cash I've already invested. He then said it would take 15 days. If I didn't do it, it would affect my credit, etc. I said I was not worried... send me the money. It should not take 15 days. I explained if I gave him money within seconds, I would expect a return within seconds or US mail, no less than 5 business days. He went into a long story about why that could not be done. I said I would report them to the proper authorities, he said that he was okay with that. He promised they were a legit company and was in good standing. He then was really nice and was more than willing to give me up to 4 of the numbers for the western union until I paid the $225. I again said no, and began to ask questions about the company, address, his position ([redacted] said he was the main accounting contact. I then hung up the phoneDesired Settlement: $549 investment

Business

Response:

I am the Human Resources Director for Blue Global, LLC. and its subsidiary Salem Capital Investment Group, LLC, each d/b/a [redacted] (“5kLoans”). We are in receipt of your Notice of November 13, 2013, regarding nine outstanding complaints. We apologize for the delay in responding to your concerns, however the original complaints were sent to a recipient who is no longer working here.

5kLoans is not a lender. Instead, 5kLoans operates a payday-loan search engine, whereby 5kLoans attempts to match loan applicants with one of 5kLoans’s lender-partners. The loan search process is clearly explained on the 5kLoans website at [redacted] When a consumer completes an application for a payday loan through 5kLoans, the consumer’s information is transmitted to 5kLoans’s lender-partners for evaluation and purchase.

Additionally, 5kLoans does not make or authorize charges to an applicant’s bank account. Nor does 5kLoans instigate any verification of an applicant’s personal information.

As a payday-loan search engine, 5kLoans is required to provide some of an applicant’s information to our lender-partners. Additionally, 5kLoans is unable to cancel a loan approval for one of its lender- partners. Consumers would need to contact the lender offering the approval directly to cancel and to find out what that lender-partner does with the personal information of the applicant upon declining a loan.

Further, as a payday-loan search engine, 5kLoans is unfortunately unable to provide these consumers with any answers regarding the interactions they would have had after using our matching service.

All of the consumers in question have been added to our global suppression list, and they should not receive any future emails advertising 5kLoans or any other of our products and services.

Review: Required Field5K Loans are contacting consumers who apply for online loans and stating that they are approved for personal loans and then request an upfront fee to show you're financial stable by purchasing a Vanilla Prepaid network card and supply them with the pin, which they will refund back with your initial deposit. Once the pin is given they tansfer you to the head of their accounting department, William Chase, which isn't his or any of their names, who then tells you that you have to pay an addt'l $250 fee to cover "your half" of insurance fees. When you decline the offer and request a refund of your money, it's denied. Too many good hard working people are taken advantage of and NO one is stopping them!Desired Settlement: Refund of money including fee to purchase card and most of all either business closed or operated by trustworthy people that are about the consumer. I do plan on voicing my complaint with any and all media available .

Consumer

Response:

At this time, I have not been contacted by 5K Loans regarding complaint ID [redacted].

Sincerely,

Review: I apply for a loan $3000.00 Sept **, 2013 and I gave them $137.50 for down payment on Sept **, 2013 then they said I needed to pay $250.84 for Western Union fee then I can get the loan. Then on Friday Sept **, 2013 I call and said I needed to pay $223.68 for taxes but didn't mention on Thursday when I talk to him about loan he said pay the taxes then I get money but didn't get it then paid what they ask for then I needed to pay $300.00 for insurance pay that then he said I needed additional $327.00 so in total I paid $912.02 and no money. I would like to press charges and get my money back because they lied to me. I talk to [redacted] and [redacted]Desired Settlement: I would like to press charges and get my money back because they lied to me.

Review: I believe I have been foolish and have been scamed. This company is an online loan company who takes your money for "security purposes" then when I asked them to cancel my application and just gibe me my money back they refused and said your money went to taxes so u habe to get the loan and give them more momey for more taxes. I demanded my money and for the application to be cancelled again and this time he said he would cancel it but I will be billed all types of expenses. This fraud of a website has ally banking info as well as my social. They have to be stopped before this happens againDesired Settlement: I gave them $156.00 first and another "refundable deposit of 204.82

Business

Response:

Review: 5k loans called and stated I was approved for a loan for the amount of 1,000 dollars. and requested I load 189.89 cents to a [redacted] prepaid network card. and the loan plus my 189.89 cents will be deposited into my account within 30 minutes. I waited and gave a call back within those minutes when he stated my bank declined the electronic transfer, and.was then asked to load another card for the amount of 199.21 cents and I said no and requested for a refund and he insisted he wouldn't refund my money. They keep calling and won't stop now I'm in the hole even more I needed that for my car note I'm without a job with a child now and need something done about this please.Desired Settlement: I receive my refund of cash and for them to stop calling and be put out of business for scamming innocent hard working people.

Business

Response:

Review: Company promise a loan, that I applied for. I never received money. I fulfilled my in of requirements that they asked, l given two payments as requested, and then they kept coming with excuses, as to why I can't get my money. I asked for my refund, and [redacted]& [redacted], both said no to me. I'm upset & broke, and want my money back ASAP pls!Desired Settlement: $353.00

Consumer

Response:

At this time, I have not been contacted by Salem Capital Investment Group (5K Loans) regarding complaint ID [redacted].

Sincerely,

Business

Response:

I am the Human Resources Director for Blue Global, LLC. and its subsidiary Salem Capital Investment Group, LLC, each d/b/a 5kloans.com (“5kLoans”). We are in receipt of your Notice of November **, 2013, regarding nine outstanding complaints. We apologize for the delay in responding to your concerns, however the original complaints were sent to a recipient who is no longer working here.

5kLoans is not a lender. Instead, 5kLoans operates a payday-loan search engine, whereby 5kLoans attempts to match loan applicants with one of 5kLoans’s lender-partners. The loan search process is clearly explained on the 5kLoans website at [redacted] When a consumer completes an application for a payday loan through 5kLoans, the consumer’s information is transmitted to 5kLoans’s lender-partners for evaluation and purchase.

Additionally, 5kLoans does not make or authorize charges to an applicant’s bank account. Nor does 5kLoans instigate any verification of an applicant’s personal information.

As a payday-loan search engine, 5kLoans is required to provide some of an applicant’s information to our lender-partners. Additionally, 5kLoans is unable to cancel a loan approval for one of its lender- partners. Consumers would need to contact the lender offering the approval directly to cancel and to find out what that lender-partner does with the personal information of the applicant upon declining a loan.

Further, as a payday-loan search engine, 5kLoans is unfortunately unable to provide these consumers with any answers regarding the interactions they would have had after using our matching service.

All of the consumers in question have been added to our global suppression list, and they should not receive any future emails advertising 5kLoans or any other of our products and services.

Blue Global Media regrets any inconvenience these consumers may have experienced, and we sincerely hope that the above-described actions have resulted in a satisfactory resolution for the consumers in question and the Revdex.com.

Should you have any questions regarding this matter, please direct them to my attention. You may reach me at [redacted]

Sincerely,

BLUE GLOBAL MEDIA

Human Resources Director

Review: 5k loans promised me 5,000 dollars with the purchase of a vanilla card from 7-eleven with the amount of 263.00 on it. I made the purchase with the promise of the loan going into my account. When I talked to and agent they told me I had to go get another card with the amount of 350.00 on it this time with the same promise. I keep my end of the deal and they never put the money into my account. I've tried contacting them to get a refund of the money I gave them and they would not refund me my money. I'm now at risk of losing my house among other things.Desired Settlement: I would like for them to fund me the money I was promised with a refund of the money I have already given.