Had the very same issue on July 1, supposedly I was suppose to get a refund from M&R which is happening!

But I did see that $30 charge to my bank account. I called the number to complain and ask what this company was and I was told that it was insurance to make my payments in case I can't for some reason.

When I asked what payments, the man said for my loan and I tried to explain I never got a loan, I was scammed and that I want my money back!

The guy was trying to tell me how great their program is as well as try to give me a secured credit card. I said no thanks..

So now I gotta wait for this to be reversed back to my bank.

Didnt give this company any authorization, but M&R had it, so I know theyre still trying to pull a fast one!

had pretty much the similar situation - June 2011. I never had a call or received any money but all of a sudden I had a 30.00 charge from payment assistance. I sent the fraud team at the bank on them and closed the account immediately because they debited that account by electronic check. So they had the routing number and account number at the bank. A couple of days later I received a message on my voicemail with their number as 866-235-7681 or I could go to www.payment assist01.com.

There was no such web site. I am just curious what they do or what their web address is. I got the 30.00 charge reversed the next day of the charge and with a closed account they can do no more harm to me. I think this is a SCAM big time because I never authorized the charge and I sure didn't give them my bank info.

Officer what do we do if we was a victim of this crime?

This website has also helped me in a BIG way. I was about to wire my $606.42 to them on Thursday. I received the contract today and just decided to check into the company or look at any satisfied customers. Haven't found anyone satisfied yet. I would really be in a bad place had I sent this money on Thursday. I'm sorry for the ones that have sent it and haven't gotten there money back but for those of us that are thinking about it.....this blog is a clear sign of not to do it. Thank you to all who posted!!

Mitchell & Rose Financial is not a company doing business in the City of Cambridge.  They are also operating numerous other websites/companies which can be found in a press release that the Police Department has issued.

www.cambridgepolice.org

I now realize it after 607 was sent and they asked for more money. I assumed it was good cause i couldnt find anything negative. well now they said they will refund me my money by july 1. well see. I made me adifferent bank account also im looking into getting identity protection

I received a call from Tom Patterson at Mitchell & Rose Financial.  I called him back and he said I was approved for a $5000 loan.  I had tried to call a couple of times but he never answered.  Finally, on Wednesday, he called and was going to email me a contract to read but don't sign it.  Luckily I never received the contract via email.  Something wasn't right so I decided to get on internet and do some research and came across this information.
He didn't ask for money but I look at my bank account and there is a $30.00 Payment assist 101 that I didn;t authorize.

Got a call from this number.

This is an Advanced Fee Loan Scam, which is illegal.
I've just read an article on another website concerning these scams.
The BBB of Western Michigan is warning consumers about a local scam that's going nationwide.
Ameristate United Financial  which claims to do business at 99 Monroe Avenue NW Grand Rapids, Mich 49503.
According to the BBB Ameristate United Financial offers personal, business and home loans for which it requires consumers to wire an advance fee from $820 - $2900 in order to qualify for the purported loan.
Of course no money was received by the consumers.
The BBB rated Ameristate "F" since it is a completely fictitious company and no such tenant does business from the reported street address.
In addition the BBB noted, Ameristate never asnwers the advertised phone number and its fax number has a Detroit area code.
The BBB of Minnesota and North Dakota recently issued a scam alert about another phoney advance fee loan company, WakeField Financial, supposedly operating out of Fargo, North Dakota.
People. just ignore these phone calls, nothing but a pure SCAM !

I only wish to god I read this posting before. I was basically guaranteed a $5000 loan and all I had to do was provide $925 which was the first 6 months payment in advance. Well low and behold, I sent it and was told that I'd have my loan in one business day only to be told that the original amount I sent was not adequate enough for collateral and that I'd need to send another $920 to secure it. I told them I can't do it. So I was told that I could get a refund of what I put out, but then I would have to wait until July 1, to get a refund. I have no idea if I will get it back or not. I'm probably worse off than I was 2 days ago and I could just die.

Thank God  for post, I just started to deal with M& R. I only got up to the send the first five months payment when my gut told me to really look into this Company. You have just saved me from a really big mistake, thank you all who have posted info on this SCAM!

They did the same to me he was very aggressive I told him wire fraud is against the law

It would appear they have just recently materialized. I tried to find them on the Internet a week ago. They had a website up Monday, June 6. No other office number beside the 877#

I am dealing w M and R too. Same thing, investor is in Madrid, Spain.  If it sounds too good to be true, it probably is.

I received a call from Mitchell and Rose Financial stating that I could borrow $12,000 and that if I could secure it with five months payment in advance this would be my security deposit to cover the loan. I was asked to send $1540 via Western Union to Madrid Spain to someone name Milda Gavenaite who is suppose to be their investor.

Western Union says this is no doubt a scam because you are not suppose to give money to any financial institution in order to borrow money. Mitchell and Rose Financial claims that the $1,540 is to secure the loan since there was no collateral. They also said that this amount would be applied to the account to cover the first five months of payments and another payment would not be due until the sixth month.

Anyway, after talking to Mr. Tom Patterson he said that once I send the money to them to call him back with the MTCN number on the receipt along with my bank information. Western Union refused to send the money. This sounds a little weird to me so I didn't send any money.

MITCHELL AND ROSE FINANCIAL ANYONE KNOW IF THIS A SCAM