Pine Tree Lending: Loan Scam Alert

A couple more reports from near-victims came in today by email. I love hearing from these people because they managed to avoid losing money to the scam and are helping us to save more people!

I think everything clicked as far as scams are concerned. I could not do any loan less than $5,000. They told me to send out $636 bucks for covering me for 4 months as collateral payments. This girl named Stacey Fullman is my "agent" who sounded like a sweetheart trying to be as "professional" as possible. I almost did send my money through the moneygram but she told me to tell the moneygram agent that I was sending money to a private lender in Canada for "personal reason". 

 

Here is their phone number: 1 888 681 7964 an now that I dial the # its a busy signal; used to be a weird automated machine with no actual operators.Yet their disclosures sounded legit.

Way to spot the red flags! Here are more details about this lender:

Fake lender name: Pine Tree Financial
Fake lender website: http://www.pinetreelending.net/  - the cheezy music on each page must be for extra "authenticity"
Fake lender contact: Stacey Fullman
Fake lender phone number: (888) 681-7964
Fake loan details: Requested a $636 collateral payment on a $5,000 loan.

We also received some loan scam reports today about companies called New Heritage Financial Solutions, Berkley Lending Group and Westbrook Lending.

Emily Peters – Credit.com's personal finance expert and former TransUnion credit bureau insider. Emily writes about credit reports, credit cards, loans and personal finance as the CreditBloggers.com editor.  

Comments

[julie]

hi,
have u any updates on this loan scam

newheritagefinancialsolutions.com?

i was 'offered' a loan from them

email me if u do know.anything..
jmh_art@hotmail.com

[nina]

i went through Global assurance for a loan, i also sent the 2000 they wanted up front and its been a month i havent heard from them i keep calling but the numbers busy :(
www.globalassurancefin.com

[Anthony]

yes that is true ,last month i almost did wierd money throw money gram,i apply for a loan for $100000.00 they told me i had to send $1546.76,they told me when i send this make sure to say it for a personal reason,well i got a investigator on it from canada cause i was stupid to send them my info for this loan the agant name is stacy fullman and the person who was getting the money was jeffery backer,PPL LISTEN UP IT ILLEGAL TO SEND MONEY IN THE USA TO GET A LOAN,when you ask for a loan always make sure they send you the check first and all the doc,PINE TREE LENDING IS FAKE THE ADDRESS DOESNT MATCH TO THE MAPS AND THEY SHOULD ALL BE PUT IN FED PRISON,

[L]

Hi,
I have a name and address that matches and a Face from the video cam where they picked the money up. Thier time will come with the help of my friends.

BTW: The game is on Stacy Fullman "I WILL FIND YOU"

Ive been offered a loan in the amount of 10,000.00 and they are asking for 636 up front for insurance payments. The creditor is New Heritage Financial Solutions has anyone ever received their loan or is this the real thing?

[EmilyPeters]

That's a scam - Don't send them any money. New Heritage is a well known loan scam operation.

[jmoor25]

I think I just was scammed myself. I was looking for a small personal loan over the internet. I submitted an application and a few days later an individual by the name Paula called me. The company offered to give me a loan for 5,000.00 but I would first have to send them 732.00 first as collateral because of my credit history. They faxed a contract that looked legit, and had a website as well. I did some research on the company through the BBB and found they were listed but no reviews were made. I sent the money to a person named Rochelle White via Western Union. I thought that was odd but Paula assured me that the lender was based out of Canada and that's where I was going to send the money. 24 hours later I was to see a deposit for 5,000.00. Needless to say, I have yet to receive any money. This company, National Alliance Group, got me for 790.00. I am a soldier in the army and have 4 kids to take care of. How can people live like this? I strongly believe in Karma and I hope the individuals who scammed me get the MAX when they are finally caught. People, if it sounds too good too be true, then it is, trust me.

[Legal Begal]

Yes, i was also almost gotten by Pine Tree Lending ("PTL"). First, i introduced to PTL through the internet. I submitted all required information and was called the next day by "STACEY FULLMAN", who stated that my application was approved. My first radar went up because they only had basic personal information pertaining to my, which made me wonder how could they approve me the loan -- i was not asked to provide them with my social security number or anything. Next, Stacy Fullman told me that i was supposed to send money up front before they would send the money and to do so via money gram for the loan and in turn they would deposit money into my bank account. I told her to send me additonal information pertaining to their company so that i would have the opportunity in havin an attorney review the documents. Thereafter, she sent me a basic facsimile transmission and a "so-called" Agreement, which appear to be generic. Stacy Fullman also told me that I had a time limit to respond. Again, I told her that I was going to have an attorney review the Agreement. PEOPLE BE AWARE of another notion -- if you call the number they provided 1 888 681 7964 LISTEN CLOSELY. After going through all the prompts, hit #4, and you will be directed to a whole different company -- NOT PINE TREE LENDING" Lastly, after i metioned the word "attorney", Stacy Fullman's demeanor changed. BE AWARE OF THIS SCAM with PINE TREE LENDING company......

[Matt Hedman]

To: Marketing Department Business Development Officer

Hello, my name is Matt Hedman with Gem Lead Marketing . We are hoping to speak with someone about affiliate marketing opportunities with your company. Please give me a call back at 1.509.329.5344 or you can email me at matth@globaledge-marketing.com. Thank you for your time and we look forward to hearing from you. Have a great day!

[Natasha m]

Does anyone know about credit tree lending they made me pay two deposits on the loan and apparetly the lender backed out and they are re issuing me my money through mail. I think I have been scammed out of my money and don't know what to do.

[Dorothy Trammull]

Dorothy,T, Did they send you back youre refund my mail and have you received it yet from their company I sent them two deposit to, I dont no if I have been scam. Please let me no if the check has arrived yet

[Dorothy Trammull]

This email is for Natasha m June 15, 2009 I want to now if she has received the check from credit tree lending yet and how long did it take to get it.

[shay smith]

last week i applied for a loan thru loan union.net. stated they would give 5000. sounded to good to be true. stated wld be contactd in 48hours. never heard from any1. thats when i checkd out this site and saw that loan union is a fake. today i was browsing again and came upon the website loanplus.com. that is the same as loan union.net just a different screen and name. theyre really trying to pull a fast one. but anyone should know if your applying for an online loan. and you're being asked to send in a pymnt first. its a SCAM

[sharon leastman]

almost did it myself loan u ion.net wanted $886.34 for four months of payments and the first payment was.nt gonna be due till march 1 i slept on this for 3 nights and thank god i did'nt send them money . the agent i talked to was adam hayes from loan union.net and my $5000.00 loan was coming out of canada . beware of loan union.net and adam hayes

[Susan]

Thanks to Google in letting people know of these scammers, I was about to fill out an on-line application until I checked under Google. And, these fraudulent individual's have the nerves to linked under government web-sites.

Google is absolutely, positively terrific.

Praise God!!!

[Michael B]

Has anyone ever heard of Crown Holding Solutions? I have their contract paperwork in hand, have not given them anything. They asked for 3 months prepayment, with my first real payment not being due until February 2010. They said I could send it via US Postal Service, if I wanted. I am holding out until I get some feedback about them.

[Chaniel]

Has anybody heard of Redfield Equity Group. They granted me $5000 but with a collateral of $578.94 down. They are suppose to be out of Miami, FL. Are they a scam company? They have a contract and all.

[udum olie]

has any got a loan thru redfield equity group are they a scam company

[Mr. Wonder]

I was just wondering if anyone has had any dealings with Redfield Equity Group? There's hardly any info out there on them? They do have a nice website and the contract looks legit. Please let me know.

[Michael]

I was just offered a 55K loan by these folks and they want me to pay 5 months up front as collateral. As a person of reason this seemed to good to be true so I decided to look them up on the web. Thank goodness I found this.

[Mark]

I was dealt a hand of cards with 4 aces and a King if you get my drift through, oakridge lending services. They claimed to grant me a $5000 dollar loan in exchange of $757 to go toward the principal balance. I did it, with Skepticism, and tried to be optimistic. Nope, they told me that they jacked up the paperwork on THEIR end and requested I modify the contract so the "lender" would agree to terms. I immediately requested refund of $757 plus western union fee which according to the "legal binding contract" I am permitted to receive, although it will take them 3-5 business days to refund me with a check. HMMMMMMM.....Yes I'm desperate but, not stupid to do it twice in a row. it's day one. We shall see but, unfortunately this time I might have to fold.

[M]

I RECEIVED A CALL FROM A GUY NAMED PETER WALKER WITH REFIELD EQUITY GROUP ASKING FOR PAYMENT FOR FIRST 5 MONTHS. I DON'T TRUST. WHEN FAXING TO ME THEY *67 BEFORE DIALING MY FAX NUMBER AND THEN I WENT ON THE WHITE PAGES AND REVERSE LOOKUP AND THE FAX # IS A CELL NUMBER. THEY DON'T HAVE A SUITE # AND ALL THE OTHER BUSINESSES IN THAT BUILDING HAVE SUITES.

[alunaasha fenley]

hi, i just got an private# today from a peter walker@redfield equity group he told me i was elgible for a $5000 loan i can admit it sound real good@ first he told me i had applied for a loan the other day and i was excepted for this loan i was so happy with being the holidays in all so he told me by me having bad credit that i had to send in threw money gram $500 dollars i said sir if this is a loan why do i have to send in money me and my fiancee said something aint right so he sent me a fax of the document so i took it to a bank and thats where i found out its a scam man im am so glad i didnt fall for it and i always ask quetions first please any one out there dont fall for it.

[Jeannie]

Thanks to all of you who posted a message. I checked out some things online trying to find a place where I could borrow some money. I put in my address and phone number. I got a message on my phone from a guy named Franklin Whitford, about receiving a $5000 loan but I had to put up $607 collateral. My friend went online to check out Redfield Equity Group and I found your messages. I am so glad I did. You definitely saved me from losing a whole lot of money. Thanks again.

[HOLLY]

New scam company I sent 900.to Oakridge Equity Services out of Little Rock Arkansas they say the same stuff. Sent loan papers and everyting I am heart broken but have learned a big lesson. I HOPE ALL OF THESE PEOPLE GET WHAT THEY DESERVE. In the future call the better business of the state and town they say they are from. I called Arkansas to late.