- Report: #77381
Complaint Review: Precision Financial Redeem Home Inc. Tommy Simmons Richard Magg - Toronto Ontario
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Author Confirmed
Why?
Precision Financial Redeem Home Inc. Tommy Simmons Richard Magg
800 Jarvis Street West Toronto, Ontario, Canada
Phone:
647-896-6081
Web:
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Business Rating:
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Precision Financial, Redeem Home Inc., Tommy Simmons, Richard Magg loan/ mortgage scam, stolen deposit Toronto Ontario
Ad ad appeared in the Mohawk Valley Pennysaver, offering loans for people with "bruised" credit. I called and applied over the phone, and was told that I would have an answer in 3-5 days. Three days later I received numerous phone calls from the company, first from Richard Magg, offering me a loan in the amount of $17000.00, then from Tommy Simmons in the amount of $18,000.
Both men faxed contracts from Precision Financial. Interest rates were only 5.5%, with a 10 year payoff. I was told they were a private group of investors, and the loan would only be available for 2 weeks. I was to sign the contract, fax it to them, and send them a security deposity of $1400.00 via Western Union. I guaranteed the money in my account within 48 hours.
Needless to say, the money never appeared. When I phone, they wanted more money, which I refused, and requested my initial deposit back, at which time they hung up. They no longer take my phone calls, even though I have left numerous messages. If you see an ad for Redeem Home Inc., or any loan program like this, please report them. They are being investigated by a variety of Canadian and American law enforcement agencies.
Sandra
Little Falls, New York
U.S.A.
Both men faxed contracts from Precision Financial. Interest rates were only 5.5%, with a 10 year payoff. I was told they were a private group of investors, and the loan would only be available for 2 weeks. I was to sign the contract, fax it to them, and send them a security deposity of $1400.00 via Western Union. I guaranteed the money in my account within 48 hours.
Needless to say, the money never appeared. When I phone, they wanted more money, which I refused, and requested my initial deposit back, at which time they hung up. They no longer take my phone calls, even though I have left numerous messages. If you see an ad for Redeem Home Inc., or any loan program like this, please report them. They are being investigated by a variety of Canadian and American law enforcement agencies.
Sandra
Little Falls, New York
U.S.A.
1 Updates & Rebuttals
Sandra
Little Falls,New York,
U.S.A.
Maybe then law enforcement will take this seriously and go after these guys
#2Author of original report
Mon, February 02, 2004
These guys are still in operation in Toronto at the same phone numbers they were using last month. If you receive any phone calls, or see their ads, please report them to Project Phone Busters at 1-888-495-8501, and the Toronto Police at 416-808-2222. Maybe then law enforcement will take this seriously and go after these guys. I'd like my money back!!!
