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Stringfinancials.com

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Stringfinancials.com Reports & Reviews (3)

- Torrance, CA, USA
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I was approved for a $250,000 loan at 3.59% fixed rate.

In order to process my request I had to pay $515.25 for the Origination fee. So I sent the $515.25 to a third party located in Las Vegas, sent via certified mail ($4.70). I had to provide "proof" with pictures of the cashiers check and certified mail receipt before moving forward with the loan.

Initially this might not seem too conspicuous. But in hindsight this has all the earmarks of a scam.

On the day of the loan dispersement I was informed, via phone call at that time, that I had to pay a closing cost of $10,000. No where in any documentation was this stated and I was informed of this after I furnished my banking account and routing number to them. They had asked for this information so automatic repayment could be drafted.

Only then did I become suspicious and consulted an attorney about this. His advise was not to do business with this company.

I told the agent handling my request, Clay Smith (while the name sounds American, Clay's accent tells me he is East Indian) that I did not have $10K. That was why I am borrowing from them. I asked if the closing cost could be deducted from the loan. He said no. He told me to borrow from somewhere else.

So does this make any sense at all? I need to borrow $10K from someone so I can pay String Financials, in order to borrow $250K from them?

Then Clay Smith text me with a reminder that the loan is on hold and asked when I will give him the $10K to close the loan.

I stalled by telling him on the phone that I was unsuccessful in borrowing $10K. Then he came back saying they will reduce the cost to $5K and will give half the requested loan of $125K. And after I received the $125K I can pay the remaining 5K and they will disburse the remaining $125K.

I called up the company who was willing to finance my request. They are based in a different state. I spoke to a guy named Ramirez (while he may call himself that, his accent revealed that he is also East Indian). And he was able to find me in his computer just by typing in Clay Smith's name. Ramirez said that his company cannot deduct the closing cost. It was a rule set up by String Financials.

After I hung up with Ramirez I decided to investigate String Financials a bit further. I found out the ScamPulse.com did not have them on file but did receive complaints against them.

Then a second text reminder came from Clay Smith about my loan being on hold and would be canceled if I did not act. This time he had a different company under his name, https://signixfinservices.com/

I looked up this company's website and it is a different company, with different phone numbers, and in a different state!

It is amazing how Clay Smith can work for 2 different companies in 2 differents states, at the same time!

While the website for String Financials may look fine initially, the street address cannot be found in any search engines.

Also a voice message left by Clay Smith revealed himself joking wih his coworkers in Hindi. He eventually hung up without telling me anything. I have that voice message saved.

Attached are all the documents that I received from String Financials, including those I signed.

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- Barstow, CA, USA
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Told me i was approved for a loan.they asked for my driver's license, proof of income,bank statements. Then called me back. For unsecured loan $30k I had to pay lender fee of $500.

Strong India accent.

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- Houston, TX, USA
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On March 27, 2023, String Financial offered me a loan for 35,000 with an interest rate of 2.6% with 8 years to pay back. I agreed to the terms. On March 28, 2023, I paid 491.21 for them to produce the documents. After I paid that Craig, from String Financial he said I needed to pay 2,500 for the closing cost after that is paid he stated the funds will be in my account in 24-48hours. He gave me his word that I didn't have to pay another sent to get the loan. I paid the 2,500 for the closing cost. On April 2, I haven't received the funds. They called me back and said that the funds were on hold by the tax department. He said that in order for me to get the funds I have to pay taxes on it of 1500. I then said I would like to request a refund. He told me that they were going to process my refund and send me a copy of the check with a tracking number. I never received the funds. On April 14, 2023, I received an email stating that I would be getting a refund of 3048.57. On 4/19/23, they called me and said they can not process my refund until I pay the taxes on the money I never received. Please help me retrieve my funds.

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