Consumer reviews and reports on scam companies, bad products and services
South Atlantic Commerce Todd D. Wallace, Vincent Davis, and Alexander T. Woods False Advertising offering secured loans for $5000.00 minimum Atlanta,
6th of Dec, 2011 by User712091
Requested a secured loan. Sent in the required security deposit. Loan was denied. Refund was requested, assured refund would be provided. I originally spoke with an individual by the name of Todd Wallace. Date of request 11/08/2011. The 1st amount sent was $730.00, which would pay the loan up to 6 mos. Spoke with another representative by the name of Vincent Davis by phone and via email. He explained that my loan was not approved due to credit rating. Another provider was found, but in order to recv the loan another $730 was needed. The monies were asked to be sent to a person in Morocco. After sending the monies, then was told that the lender dropped out of the deal. He said he could find another lender. When he did, he stated that they were asking for an additional 1480.00 to be sent. When asked why cant the monies from the original loan be used. Would not answer the question, and implied that I wasn't understanding what he was explaining to me. I could not send another 1480.00. An email was sent to me stating that I would recv a refund in the full amount including the Western Union charges.

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