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Berkeley Monetary Trust

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Berkeley Monetary Trust Reports & Reviews (2)

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I applied online while searching for job. The application went to a 3rd party who reffered to Jessica Brady at Berkeley Monetary Trust. Jessica called me on Tuesday March 1st and told me I was approved for $3000 thru a private lender, as my credit score wasn't good enuff for any regular bank. the lender wanted a co signer or a down payment of $ 450 usd. This was possible and considering payments wouldn't begin until August 1st 2016. Then I tried to find information, either bad of good on the company. I found nothing and I received the contract via email. After reading thru the contract it was set in there that the payment of $450usd was received by Western Union the loan of $3000 would be deposited within 2-3 hours.

After completing the collateral payment, the Jessica called me and informed me that my credit score was lower because of companys or something had been doing searches and it lowered my score meaning the collateral needed was an additional payment of 450, before they would release the loan.

I inquired about how they could sign a contract on a specific date, and the contract & commitment letter have confirmed the contractual loan. There is now a 30 day period to wait for my refund.

I have it in writing , the terms and conditions were met and contract signed by both parties agree...but this Jessica Brady (senior loans officer) thinks that the contract covers possible assessment and "if coverage purchased by borrower is deemed inadequate" "if the borrower is denied insurance or collateral payment of such an assessment" How those words become relevant is beyond me...nowhere does it say there is a chance that double collateral would be required. The only question is that the original Commitment Letter is binding the 2 parties, lender and borrower that all conditions are met and the loan goes forward.The following is a definition for commitment letter.

Definition - What does Commitment Letter mean?

A commitment letter is a formal, legal and binding document that is issued to a loan applicant by a lender. The letter's content states that the lender is going to extend a loan to the applicant and what the precise terms and conditions of the loan are including the rate of interest.

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The person that was the "apparent" Lender and who received the $45 usd in Ontario by Western Union , his name is David Carr . The signature on the contract is Michael Kelly. The commitment letter and all emails , phone conversations and voice mails is Jessica Brady.

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if you google Berkeley Monetary Trust they are using a vacant suite in one of my commercial bldgs and giving people my name as a reference. they are giving loan quotes - but asking for people's personal info.

the person who called me can be reached at *** and he was solicited by them and called me to verify if they were a real company

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