Consumers apply for a loan online. Someone from the company claims that the consumer has qualified for a personal loan, but the consumer must provide a security deposit. The consumer provides the funds but is not provided with a loan. When the consumer calls the company regarding the loan, the company may say the lender backed out and additional funds are required with a different lender. The company requests that the consumer send the prepayment by Moneygram. The consumer never receives loan proceeds. Repeated calls by victims may be met with a request for additional money.
Harbor Lending Group claims to have an address of 3098 Piedmont Road NE, Atlanta, GA. Harbor Lending Group is not licensed by the Department of Financial Institutions to lend money in Washington. Additionally, Harbor Lending Group 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 David Parker and Paul Jenson.
Victims should report their experiences to the Internet Crime Complaint Center at www.ic3.gov.