Consumer reviews and reports on scam companies, bad products and services
Winsted Lending
Winsted Lending Deceitful, Conartist, Untrustworthy Milford, Connecticut
6th of Jun, 2011 by User124283
Applied for loan with the company online and was approved for $7500. Contacted Winsted Lending and I was faxed my contract and with my low credit score the lender wanted a secure prepay deposit of $800 which would go towards 5 months payment in advance. What was odd that the payment had to be done through Western Union to a Carl Gregory in Ontario Canada. The agent, Brevin, then stated the funds will be transferred to my account in 4-6 hours. That did not happen and I called the following morning and was told that an additional $800 had to be made because my credit was "rechecked". I was upset and threatened to cancel and was hung-up on the customer service manager. I tried to contact Brevin about this and was continually forward to voice mail. I called the CS manager back and he stated he grauntees the loan if this addition amount was paid and he even faxed a guarantee letter to me that stated "...once additional payment of $800 dollars is made, loan will be transferred to my account in 2-3 hours and no other implementations will be needed what so ever after payment is made. So I agreed and paid the money. Until the following day with no call or no funds deposited into my account, the CS manager stated that an additional $750 had to made for insurance for loan to be dispersed. I was outraged! I have no money and did not pay my rent because Winstead Lending put myself under the impression with sign documents that this loan was approved and guaranteed to me. I was conned and will file lawsuit against them once Im given the proper procedures from a lawyer!!

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