American Commercial Finance
Complaint 125831 Details

Almost taken:

I received an email stating that I was approved for a $5000.00 loan, and loan agreement that needed to be signed with the options for Payment Protection Insurance (P.P.I). The P.P.I. insurance was either $600 (Standard) or $950 (Full Coverage). You are suppose to receive a portion of the insurance money back after you make 6 consecutive loan payments. Spoke with Jonathan Smith, Senior Loan Officer, and he explained everything and what I needed to do. He told me to purchase a Greendot Moneypak and to make sure it was reloadable and not a Visa or Mastercard. I also have bad credit, but wanted to check out the company first. The address is 2023 S. Compton St., Ste.100, St. Louis, MO. Phone #877-4470 ext 521. I had been trying to call and no one ever answered the phone in customer service and I had left several messages. When I finally spoke to Mr. Smith today and told him that I had left several messages, he said that they were very busy with clients and lenders. I'm so glad I found this out BEFORE I was another victim.