Glenwood Lending Group: New Scam Alert

I was looking for lenders that would do personal loans to people with bad credit around the week of March 8, 2009.

I received a phone call from an Adam Preston from Glenwood Lending. He notified me that I had been qualified for a $10,000 loan. He said that with my credit history and since I had no collateral that I would need to put down $1200. I would get 7% interest, payoff within 10 years and $250 a month payment. This sounded great, since I needed to payoff some high interest credit cards.

I waited till I got paid on the 13th of March. By then Adam and I had been in touch, he had faxed me a loan document, faxed that and my Drivers license.

Adam told me that I had to go to a Walmart to do a moneygram. He told me when I got there to call him so that he can give me the information I needed to wire my money. He couldn't give it to me at that point cause he was very busy with a client. I didn't think nothing of it.

I get to Walmart, called Adam back. He gave me a name and to send it to Alberta, Canada. I was kind of puzzled, but he mentioned that this name was one of their employees in accounts receivable. He told me to call back with the reference number and that by 3 pm the next day I would receive my funds.

Well I logged on to my financial institution. No money. I called Monday. There had been technical errors. He said hopefully by midnight. Called him the next day cause I still hadn't received my money. This time I was referred to an accounts manager. He told me my file was re-assessed and that I would need to send an additional $1200 because of my credit. I simply said I couldnt afford any more money. I told him I wanted to cancel. I asked how fast I could get my money. He said nothing would be sent out till the 25th of March. I called on the 27th to verify when I would get my money. I was told that a Cashiers check would be coming to my address by 10 am.

Well, needless to say, Monday came around and no money. I tried calling back, and all I get is a "GOODBYE". I started to panic at this point. I was trying to search the internet for a local number for Glenwood Lending. Lo and behold SCAM was besides their name.

I was horrified at finding out how many people have been scammed from these people. It didn't phase me that this was a scam at first cause I didn't search for them for the loan, it was a loan application that gets sent out to different lenders.

My wife was hit with this scam several months ago. I won't go into the story as it is all the same stuff other people have went thru

One thing everyone should do, and I haven't seen anyone mention it is to:

Put a fraud alert freeze on your credit report, this is free and is in effect for 90 days. If you get a fraud alert, then you know your idenity has been stolen, report this get a copy of the police report and send it to the main credit reporting bureaus which will hold for 7 years

Put a freeze on your bank account, since they have that information, if they are going to send a check direct deposit

Notify your local law-enforcement, because in my wife's case they wanted a copy of her driver's license front and back, and also I wanted it reported, and that they have the ability to track numbers that most people don't have.

[b]Please don't be embarassed to report it, we both have college degrees and fell for it hook line and sinker. There real slick and real scum bags.

the same thing happened to me i am not to happy about it i called up other businesses at the adress they were giving and nobody there ever herd of glenwood lending group i wish i had one real name i would find them

these scum bags belong in jail with the way things are right now and them taking money from people that makes them total dirt bags too me they need to get cought and i will do what ever i need to do

oh i forgot there is a terry that works at glenwood capital i dont know what kind of business it is yet but i will find out

I have been through this as well. I thought I was the only one after thinking things through "Why would you pay upfront on a loan?" I pur myself through hell but at the end everyone makes mistakes and learns from them. I lost out on $1800 from Bennett Financial, my advisor was James Milton. I don't think there is much to be done since money was wired to Canada. Did anyone get any results from reporting them? I have reported them to FBI, and several other places.