Pathetic thugs, crooks, scumbags, criminals whose primary purpose is to get you to send money to them western union or moneygram.

Local Press Releases
For Immediate Release
08/09/2005 Contact: Erin May, Public Relations Manager
206.676.4162/503.972.4425

BELLEVUE ADVANCE FEE LOAN SCAM BILKING CONSUMERS NATIONWIDE

BBB Issues Warning: TransCredit Financial

DuPont, WA – The BBB has recently received numerous complaints from consumers about an advance fee loan scam perpetrated by TransCredit Financial, headquartered in Bellevue, Washington.

Victims were contacted by the company after applying for a number of loans. A person calling himself Tomas Chapman promises a $5000 loan from private lenders. Consumers are told to send upwards of $700 to cover the first five payments for the promised loan. After signing paperwork, consumers are told to send the initial payments via Money Gram to various people in Ontario, Canada. They expect to have the check by FedEx the next day.

When the check fails to appear, they contact TransCredit and told due to discrepancies in the paperwork, they will need to send another $700. consumers that attempted to cancel the loan process were promised a refund, but never received one. The telephone number has recently stopped working.

TransCredit Financial
601 108th Avenue Northeast
Bellevue, WA 98004
1-800-928-1454
Fax: 425-484-6440
President/CEO – Karl Parker

This company fraudulently claimed to be a member of the Better Business Bureau. The BBB encourages consumers to check out any company before they pay upfront fees.

Contact:Erin May
Public Relations Manager, (206)676-4162 or (503)972-4425.
http://www.thebbb.org/release.html?value=6
http://www.scamfraudalert.com/showthread.php?t=513 (CheckBank.com aka www.credit1financial.com)
http://seattletimes.nwsource.com/htm...scredit20.html