Belcrest Lending Services telephones individuals who apply for loans online. Someone from the company claims that the consumer has qualified for a personal loan but must prepay several months’ payments. The consumer is provided with a contract to sign, and the company advises the consumer that the loan will be deposited to his or her checking account within a few days. The company requests that the consumer send the prepayment by Moneygram. Once the money is received by the company, the consumer never receives loan proceeds.
Belcrest Lending Services claims to have an address of 2860 South Circle Drive, Colorado Springs, CO 80906. They are not located at this address. Belcrest Lending Services is not licensed by the Department of Financial Institutions to lend money in Washington. Additionally, Belcrest Lending Services is not registered with either the Washington State Department of Revenue or the Office of the Secretary of State to do business in Washington.
Some of the names used in the scam are Barry Tatum, Anthony Mitchell, and Kerrin Harrells.
Consumers should never forward money in order to obtain a personal loan.
Victims should report their experiences to the Internet Crime Complaint Center at www.ic3.gov.