Mortgages

Pine Tree Lending: Loan Scam Alert

Comments 36 Comments

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 PetersCredit.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.  

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

  • 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 :(
    http://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”

    • roger

      i sent them 600 and something dollars last march and the same thing happened to me my mom tried getting an investigator and everything on it but they could not find anything out so want my money back but dont know how to get to them

  • Anonymous

    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?

  • http://profile.typepad.com/edavidsonTL EmilyPeters

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

  • http://profile.typepad.com/6p01157011f5fe970b 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……

  • http://www.gemleadmarketing.com 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

  • http://profile.typepad.com/6p01157155c83e970b 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.

    • lori attanasoff

      im just dealing with redfield services do you know for sure if they are scammers

  • 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.

  • cynthiawalker30@yahoo.com

    I beleive it is a scam I can find no trace of this company . Even after researching the toll free number 1877-257-0587 no result. Offred 5000.00 with first 5 payments of 155.00 due . 775.00 due up front said due to my credit , I didnt even enetr my social security number so how they would know of my credit is beyond me. Comapany Oakridge Equity services

  • L Granado

    I am so thankful i found this!! i was about to send my whole paycheck to these ppl!! They are called caldera financial group! everything they said is exactly like everyone else’s experience! i even found a contract online that is almost identical to the one they sent me. thank you all for posting. you are helping so many people make a HUGE mistake

  • bh

    bayhill financial same story richmond hill ontario guy named john walker steer clear of these guys

  • http://www.ospreyfinancials.com k.white

    I think I am being scammed from a financial lender called Osprey Financials. A few weeks I had applied online with a company called EZ-Axes for a loan with people who have not perfect credit. I hadn’t heard anything so I thought I didn’t have a chance. Then on Monday morning I received a telephone call from a Lauryn Simms from Osprey Financials stating I was approved for a $10,000.00 loan at 6.5%. All I need to do was come up with the collateral of $1,295.52. I asked her how would I send them this money,they said through Western Union. She also told me to make it out to a Lee Greenwood and not to the company, because if I sent it to the company they would not be able to give me back the transfer fees on my loan. So unfortunately I did send it, and now I received a phone call from the Manager and he said because my credit it not that good, they want $1,200.00 more and I would have the money in my bank within 3 to 4 hours. I told him I couldn’t come up with that much and he said $900.00 and when I got the money I would have to pay the $300.00. So now I by reading the comments of other people who have been scammed, there situation is much like mine. I don’t know what to do. They don’t come up on the better business bureau, and when they call me their number comes up “Unavailable”. They said that is because if people are not paying their debt, they would not answer the phone if they new it was them. They seem to have an answer to all my questions. What do I do?

    • D Colbourne

      Hi ,I was scamed by the same people. I sent money through western union. I was told that the person on the other end was a security guard who picked up the money. I too recieved a phone call by the manager .Telling me that the company wanted more money. Unfortunately I sent more. Everthing you wrote is exactly what happened to me.

  • http://lendingtreeornewlendingtree patrick m

    NEW LENDING TREE IS A FRAUD . BEWARE names FRANK WHITE ALEX KERR STACY EVANS .ALL BULLSHIT WITH THEIR LOANS WANTING CASH UP FRONT FAKE NUMBERS USING LENDING TRESS ADDRESS AND LOGO ON DOCUMENTS . SEND MONEY TO NICOLA MCTREE ALL BULLSHIT IF I FIND THESE PEOPLE IT WILL BE THEIR WORST DAY I LOST $1400.

  • http://lendingtreeornewlendingtree patrick m

    BEWARE OF THE NUMBER 1866-957-9559 OR FAX 1866-573-1328 NEW LENDING TREE IS NOT REAL. ITS A SCAM .TOLD MONEY WAS BEING WIRED NEVER SHOWED UP. HAD MY BANK INVESTIGATE FOUND OUT IT WAS ALL FRAUD . OWEN HENRY ANOTHER NAME TO WATCH FOR . THESE PEOPLE WILL ARE ALL PART OF THE FRAUD WITH NEW LENDING TREE. ITS NOT REAL

  • Haley Alexander

    I don’t want to sound mean or like I haven’t made my share of mistakes but why on earth are all of you people sending money????? What type of legitimate loan would EVER have you send money? They wouldn’t. I can see a couple of people being taken by this but the list goes on and on of you people sending money in and waiting for the big deposit. Really? You really truly thought if you sent in several hundred dollars by moneygram to some seedy contact person in Canada that you have to keep “hush hush” that you are going to get a real loan for $5,000+? Unbelievable! Now I know why I keep getting all of those emails from Nigeria about a million dollars that I inherited from a long lost relative in a plane crash. All I have to do is send in $1,000 to get a million dollars. They keep sending them because there must be people buying into the scam. Follow this rule – if they ask for money, IT’S A SCAM!

  • Haley Alexander

    Now that I’m thinking about this even more. How is it that people are buying into the fact that these people are asking to send money for collateral?? If you send them $1,000 for a $10,000 loan (for example) (even if you do have poor/bad credit), how is that collateral? If a company felt you had poor credit, they may up your interest rate or make you give up a title to your car as collateral, but if you default on a $10,000 loan and they have $1,000 of your money, they would still be out $9,000. They wouldn’t loan you that much money if you had poor or bad credit. It is sad that so many people lost money but even sadder that the people that lost money didn’t see this as a HUGE scam the minute they were asked to send money. Especially by such sneaky means.

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay connected to our experts

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.