DFI has received complaints from consumers regarding Manchester Capital Trust. Consumers allege that they receive an email or a telephone solicitation, letting them know they are pre-qualified to receive an unsecured loan. The consumers then contact the company, which confirms that a term of the loan is that a certain number of months of payment must be provided to the company in advance. Occasionally, the consumers are told that an international company needs to receive the initial payments before it will release the funds. The consumers send the payment via Western Union, and then never receive the amount of principal for which they had supposedly qualified.
Manchester Capital Trust’s website was manchestercapitaltrust.com, but it is apparently now defunct. According to the website and consumer complaints, its office is located at 1350 Avenue of the Americas, 14th Floor, in New York City, New York. However, DFI has been able to confirm that Manchester Capital Trust is not at that location. Its telephone number, 855-887-3890, has also been disconnected.
Manchester Capital Trust is not licensed with DFI as a consumer lender. DFI has been unable to contact any individuals related to this entity.
DFI strongly recommends that residents verify the license of any lender with which they consider doing business with. Consumers are urged to verify licensing status prior to giving the lender nonpublic personal information, such as social security number and checking account access. You can verify a license with DFI at www.dfi.wa.gov or by calling 1.877.RING DFI (746-4334).
If you are suspicious of unlicensed activity by a lender please contact DFI at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.
If you feel you have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357), or online at www.ftc.gov.
If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at www.ic3.gov.