It appears like scammers are impersonating Greenwood Financial Group, Inc. of Richmond, Virginia.
Consumer Required to Pay for Insurance
December 12, 2012
The Washington State Department of Financial Institutions (DFI) received a complaint from a consumer stating that related to transactions entered into with Greenwood Financial.
The consumer alleged that as part of a loan agreement with this entity, the consumer was required to buy insurance before receiving a loan.
Consumer also alleged that Greenwood Financial instructed the consumer to pay for the insurance with a GreenDot MoneyPak card. The consumer further alleged that after payment was made to Greenwood Financial the funds for the loan were never received.
Greenwood Financial is not licensed with DFI and is not registered to do business with the Washington Secretary of State or Department of Revenue.
The entity’s mailing address was listed as 407 S Arcturas Ave, Clearwater FL 33765.
However, this address does not appear to be the actual address for this entity. The entity’s phone number was listed as 1-877-641-5987.
DFI strongly recommends that consumers deal only with those lenders that are properly licensed to conduct business. Consumers can determine whether lenders are properly licensed using the “Verify a License” feature on DFI’s website at www.dfi.wa.gov.
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, contact the Federal Trade Commission at 1-877-FTC-HELP (1-877-382-4357), or online at www.ftc.gov.
If you feel you have been the victim of a loan scam involving the Internet, contact the Internet Crime Complaint Center at www.ic3.gov.
If you feel you have been the victim of a loan scam and are concerned about your personal financial information, contact your banking institution, and the three major credit bureaus