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The good, the bad, and the ugly - discover what customers are saying about Silverwood Financial Services

Welcome to our customer reviews and complaints page for Silverwood Financial Services. We understand that making informed decisions about where to invest your time and money can be challenging, which is why we've created this platform for our community to share their honest feedback about their experiences with Silverwood Financial Services.

On this page, you'll find a comprehensive collection of reviews and complaints from real customers who have used Silverwood Financial Services's products or services. Our reviews are authentic and unbiased, providing you with a complete picture of the company, its products or services, and their customer service.

Whether you're considering doing business with Silverwood Financial Services, or you've already had an experience with them, our community's reviews and complaints will give you a valuable perspective on what to expect. Our goal is to help you make informed decisions about where to invest your time and money, and we hope that our platform will be a valuable resource for you.

Please feel free to browse our reviews and complaints and share your own experience with Silverwood Financial Services. Your feedback is an important part of our community and will help others make informed decisions.

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10:47 am EDT
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Silverwood Financial Services Breachof Contract/International Fraud

I applied online for a "less than perfect credit" loan. I was contacted by Eliot Prior from Silverwood Finacial Services. Later, he faxrd me a contract and called me to review the contract. He told me I had to send in $1100 to process the loan due to my credit rating. I sent the funds within a week and was told I would receive the $5000 loan within 24 hrs. Instead, I received a call from a David Stanford stating that the lender was requesting another $1100 guarantee on the account to secure it. At that time, I questioned them about their validity. But due to desparation, I borrowed it and sent it. I was again told I would get my funds within 24 hrs. Each time I sent the funds, they had to be split and snet to 2 persons in Canada. RED FLAG--YES! But desparate! David called me on Friday and said the loan was approved and I would either get my funds on Saturday or Monday, due to a back up in their department that disbursed funds. Monday I called and got a voice message for David. I left a message and he called me back stating he was in a meeting. When I spoke with him, he said the lender had backed out of the deal and they were going to sue them on my behalf. Right! I told him a wanted my money back and he said the funds would be deposited back in my bank on the morning of Aug. 29. Well, today is Aug. 29 and there has been nothing deposited in my account. I have reported this to the BBB of New York and the FTC. I've heard nothing from the FTC yet, but the BBB filed a complaint and gave them 14 days to answer. They sent a second notice, but their has been no answer from Silverwood. I do not intend to let this go. I am in the process of filing a charge against them for fraud across stat lines. They caused me to be late on my mortgage payments and to have all of my property insurance cancelled for none pay. I want punitive damages!

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momma_blueeyes
Ocala, US
Sep 29, 2009 6:04 pm EDT

I am in the same boat you are. However, I had to relocate my family due to this company. I was late on my rent so the landlord decided to raise my rent. I am now 2 months behind on my truck payments as well. I filed a complaint with the BBB of New York back in August when this happened. Here we are going into October and I have heard nothing on this matter. I am glad that you had better luck with them than I did. I was told by local law enforcement that there is noting that can be done. So, I guess I am going on the hope of IC3.gov and the BBB of New York. Please send me a complaint form to sara_edwards72@yahoo.com.

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nikkir
Alamosa, US
Aug 31, 2009 1:36 pm EDT

Please contact the Attorney General of New York. They wont help unless we all complain. I'll send you their complaint form.

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10:13 am EDT
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Silverwood Financial Services SCAM

We were offered a loan of $5000.00 for a prepayment of $800.00. We sent the money and 2 days later we were told that because our credit wasn't that great, we would need to send another $600.00. We sent that and again, 2 days later, we were told the investor backed out of the loan. We were offered another loan from another investor for $10, 000.00 and we would need to send another $1600.00. We sent the money because we thought double the loan, double the payment. A few days after we sent the money we were told we needed to send another $3000.00 to cover Canadian withholding tax. Well I have prepared taxes before and know that loans are not concidered income so I did a little checking with the Canadian gov. and was told that they only charge withholding taxes to the lender because he/she would be earning interest on the loan. I called Silverwood back with this information and he started cursing at me. So needless to say we got ripped off by this company. I filed a report with the BBB, they returned my request and told me that there was nothing they could do because they could not find the company. So we are out $3062.00 and still have the debit we wanted to clear up before my husband deployed. Now he has to take that stress with him to war. I hope someday fate catches up with these people. I'm sure it will because what comes around goes around.

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roy8w09
Detroit, US
Aug 18, 2009 4:20 pm EDT

This SOBs did the same scam to us. We were looking to save our home. The ran the same line on us. The papers looked legit, and we even had our lawyer look things over. We wired them the 6months of payments, and the day the money was to be deposited to our account. "David Stafford" contacted us stated that the lender back out; but they had found another source and would require more money down.
We told them to refund our down payment. We were told that we would have our refund on the 18th(no refund so far).

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pinkymcsmurf
willow street, US
Aug 28, 2009 6:22 pm EDT

Please send me the forms too, my boyfriend's dad asked to borrow the money for the loan and we were kicked out of our house and now we really need the money and it was supposed to come back today, the day after my birthday, and we got screwed... we tried calling to find out what's going on and now all we get as soon as it picks up is a recording saying goodbye, so please send me that form at pinkymcsmurf@gmail.com thank you so much!

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7777c
Avondale, US
Aug 28, 2009 5:31 pm EDT

can you please send me the form for the attorney general of new york, to file a complaint. Please ms.tanya07@gmail.com

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nikkir
Alamosa, US
Aug 27, 2009 11:03 am EDT

stressed out soldier,

sorry to hear that. Ignore Charlie brown, he's probably DAvid Standford! People with nothing nice to say shouldn't say anything at all.

You can contact the attorney general of new york. I have the complaint form if you would like it. They don't help just individuals, so maybe if everyone as a group says something they will help us out.

Its sad that we live in a place where people take advantage of other people. My family did the same thing. And looks like many others did too. Some even went to lawyers before hand and the lawyers said it looked ok.

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123loss
Lodi, US
Aug 24, 2009 11:48 am EDT

Silverwood contacted us after we googled RV financing as one of the companies that received our app which they approved with $3400 down sent us paperwork said that the loan was thru a private invester by the name of Ellen Hurley in Toronto, Canada. they then called back and wanted more money and we asked for a refund they said it would come on the 14th of Aug it never did but they sent a reciept for guaranteed refund. Elliot Prior was our Account Rep. When we try to call all we get is good-bye and now I find all this info which was not availible when we researched the company.

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nikkir
Alamosa, US
Aug 19, 2009 12:19 pm EDT

I tried calling them, the number they gave me just says "goodbye." Have you contacted the bbb or ic3.gov?

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8:28 pm EDT
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Silverwood Financial Services heartless scam artist

Promised a 5000 dollar loan @ 6% which for my case was good laid off and tryting to save my home so when they said I needed a deposit I did question it but he explained it like you put a deposit on a car home so it no different being desperate idiots we sent 1100 dollars not to New York but Cranbrook Canada where the alleged investing lender was the money was promised the next day nothing when my husband called the next day they told him the invester wanted another 1100 dollars without my presence my husband sent the money we were to the wire on our home nothing we called to get our money back and were told they are being sued & it will be a while I just want justice as everyone else who have been scammed by these unsavory people

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ATL123
, US
Sep 03, 2009 9:22 am EDT

QUOTE: Legitimate loan companies DO NOT require any payment up front to get the loan and there are NO legitimate loan companies on the internet.

Actually, that's not entirely true. CITIBANK required we pay 2500 up front to secure an auto loan for our Yukon. We did that, and the loan was given to us.

So, I think this is where the confusion begins. There ARE legit companies that require you to pay up front... you just have to be sure they are INDEED legitimate.

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nikkir
Alamosa, US
Aug 24, 2009 10:14 am EDT

I recieved a letter from the Attorney General of New York. They appologized to me and said that they do not help individual cases. So I'm assuming if we all send the Attorney General something they will help. I have the complaint form if anyone wants it.

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9:46 am EDT
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Silverwood Financial Services Loan Scam

I too have been duped by this company. The offer was $5k at 8% for 36 months. Paid fee of $781.90 only to have them call me the very next day and say they needed another 5 months worth of "security deposit" . Canceled the loan and requested a refund, which I was told would be issued "in accordance with the lender's billing cycle". Already filed a complaint with the FTC, NY Atty General, and the NBC 10 News Investigators. Called today to see how my refund would be issued and had to use a fake name just to get the manager to answer the phone! I suggest anyone who has been duped by this company to file complaints ASAP. Let's get some fire under these scam artists' butts!

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nomoney38
La Puente, US
Aug 19, 2009 4:24 pm EDT
Verified customer This comment was posted by a verified customer. Learn more

I was recently robbed the Silverwood Financial Services. They promised a $30, 000 loan with an advance of $4, 500. The loan did not go through and now I’m pending a refund, which by the comments I won’t be getting any of it back. They won’t return my calls. Please help

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Melvin
, US
Aug 09, 2009 5:20 pm EDT

We went through the same thing as the others. We have 'invested' $3223 and have been told we won't get our loan but we would get a full refund on the 29th of this month. I have my doubts.

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rw31
Dallas, US
Aug 12, 2009 3:10 pm EDT

They offered me a 5, 000 loan with an advance 7 months payment of 820.00, accepted. I was guaranteed a deposit the next day, didn't happen. Received a call that my credit wasn't good enough needed an additional 7 months payment, at this poing I realized that something was no right so I asked for a refund, I was told that I would receive it in two weeks, it haven't been two weeks yet, but I have a good feeling that I am not going to receive it. After reading all of these complaints, I know that I was scamed. If I can do anything or help anyone to go after this company, please respond, if anyone need their number it is [protected]

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sdibell
Ashtabula, US
Aug 20, 2009 2:32 pm EDT

We tried to get a loan for 5000 also. after sending them 1500 in a deposit we were told the loan fell through. We were also told to send the money to a Pamela Denton in Canada. I found that quite fishy and questioned that many times. the company kept assuring me that was where I was to send the money. A few days later we had called to find out what was going on with our loan and we were told that the loan fell through and that if we sent another 1500 we could get a 10, 000 dollar loan. We had debated on getting this and we were also assured that since it was our fault supposedly that the original 1500 was sent to the wrong person then we had to come up with the other 1500 and come August 20th, they would have the 1500 back and take it off our payments for the 10, 000 dollar loan. Well when we called to see what was going on the second time with our loan we were told the money was sent but the Canandian government was holding it cause there was so many wire transfers and they were requiring another 3000 that we would get right back when we got our loan money. Guess what that wasn't happening cause we had already sent them so much money already. I was then told that if we came up with 1500 they would put up the other 1500but I still didn't care I wasnt sending them another dime. I told them if they were so sure about the loan then the should fork out the 3000 the canadian government was asking for. We were supposed to get our refund deposited to our account today and guess what it's not there. So we're taking it as we just aren't getting our money we could really use the money right now but I believe were just gonna have to chop it up as a loss. If I was anyone looking into doing business with this company I would not. They are just taking people's money and running from the sounds of it.

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cal5755
North East, US
Aug 31, 2009 7:00 pm EDT

We fell for the scam too. Lost 789.00. I still have all the original paperwork and the moneygram reciepts. Im hoping it will help somehow if someone can tell me exactly who to contact. My email is cal5755@msn.com. Today was the day our refund was supposed to be deposited... I knew the second they asked for more money I was scammed.

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imdamada2
Waimanalo, US
Aug 31, 2009 5:53 am EDT

Same thing here, I'm out 1400. Filed a complaint with the BBB in New York but they couldn't follow through because the numbers were not in service and the street address. They told me to file a complaint with ic3.gov and the internet fraud scam people. If I was hurting before I sent them this money, I'm certainly hurting now big time

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doclod1
Garfield, US
Aug 30, 2009 2:52 am EDT

Yeah these people are big time scam artist. They promised to fix my my sister's credit if she sends them $ 1, 000.They said it will be wired back to her later that day it never was. The next day they said the guy backed out and that they are going to sue and asked for another grand.She canceled her account but they said they could'nt return the money untill 08/27/09.The day has came and gone still no money.With there phone number disconected and all the stories I've heard I think that they only said that because they needed that time to shut down their bogus website and phone number and skip town with everyones money! May they get their reward to the fullest. People like these always get theirs just ask Bernie Maddof

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sherry lee
kunkletown, US
Aug 29, 2009 9:05 am EDT

I did hear from the BBB of NY. They could not locate the company. I am filing my complaint with the Attorney General of NY, today and the Internet Fraud Dept of the FBI, since the deposit was shipped out of the country.

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BP09
Orem, US
Aug 28, 2009 1:45 pm EDT

They got me also. told me I had been approved for 5, 000 with 4 months deposit because of credit then next day when it wasn't in my account told me they needed double then the next told me it had fallen through but had another company that agreed to lend me 10, 000 for an additional deposit with no excuses and no more delays then called the next day and told me "your not going to be happy " but cuz I had sent so many wire transfers the government had put a tax on the money so I needed to pay 3, 000 and it would be put added to the money in my account. I told them if I had 5, 000 to begin with why would i have needed to borrow and that THEY should pay the 3, 000 and just take it out of the money before sending it ( which I knew by now would nver come of course) and they told me they couldn't do that but that they would sue the first company and I could be a part of that if I would just wait I told them no and if I didn't get my money back I was calling my lawyers. Guess what? letter lawyer sent came back as insuf. address. If only we could plaster this all over so no-one else is taken in and loses money they can't afford to loose. Beth

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barber2008
Hinesville, US
Aug 28, 2009 9:52 am EDT

We sent ours to Brandon, Canada. One was sent to Angela Toby and the other was sent to Abigail Conners.

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10:59 am EDT
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Silverwood Financial Services Advance Fee Loan

This company offered me a $5000.00 loan at 7% interest rate for 3 years.
They sent me a loan contract which looked legitimate.
I would be required to provide them with the first 5 months of payments in
advance, a total of $770.80 and once they received their payment they would
forward me the $5000.00 to either a bank account, cashier's check etc.

While looking at their website and trying to set up an online account, one of
their web pages showed up with a notice that said:
"Welcome to Rivercrest Financial Group.

I did some research on Rivercrest Financial Group and found that they
are a fraudulent company that offered the same type of services.

I suspect Silverwood Financial Services to be in this same category.

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Angel27
Huntsville, US
Jun 15, 2016 3:30 am EDT

I was lied to about a $5000 loan when all I had to do was make my first 6 mo. payments and I would received by the next business day. They told me that the lenders that was giving the loan and I would receive my money back on the 29th of this month, the same day that it would make it into their account. Every time I call them the number is disconnected. So I'm sad to say but I fear I that I will never see it again.

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n johnson
Muskogee, US
Aug 28, 2009 3:27 pm EDT

i was scamed also. i was told i was able to recieve a loan for $5, 000 but i needed a deposit of $800.00 due to my credit i sent them the deposit of $800.00. after i sent the money they called back and said everything looked good and that the next day i would recieve the $5, 000.00. 2 days later they called me back and said that the insurance company couldnt insure the loan because of my credit to send them another $800.00. i told them to forget it i dont want the loan anymore so they said ok we will deposit the $800.00 that you sent us back in your bank account within a month. its been over a month and no money! ive tried calling but the phone number no longer exsits

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7b4me
Bryant, US
Jun 15, 2016 3:30 am EDT

We went through the same thing as the others. We have 'invested' $3223 and have been told we won't get our loan but we would get a full refund on the 29th of this month. I have my doubts. Has anyone else been told that? Go to ic3.gov and file a complaint. This has to stop.

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nikkir
Alamosa, US
Jun 15, 2016 3:30 am EDT

I recieved a letter from the Attorney General of New York. They appologized to me and said that they do not help individual cases. So I'm assuming if we all send the Attorney General something they will help. I have the complaint form if anyone wants it.

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aniya724
Bedford Heights, US
Aug 22, 2009 12:52 am EDT

These ### needs to rot in jail they took me for 1400.00. I feel so stupid for doing this but the papers looked real and the website looked real. Now I am out of my money we as people need to band together and figure out who these people are and why they took our money cause I bet we have family houses and cars to care for. We do not have time for this scam. Richard Thompson and david Stafford needs to rot in hell. ###

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californiadip
Ventura, US
Aug 21, 2009 10:19 pm EDT

caldip,
Hey Folks, guess what, we were taken too. Yeah, I just tried thier [protected] for a MR. DAVID STAFFORD
Office manager, NO LUCK. I was told to use Money Gram to send the advance payments of $1700.00 to a DEBRA BOWLIN CANADA GRAND VIEW, wherever the hell that's is. Then I was told due to my losey credit score, I needed to deposit another $1700 to secured the $8000.00 loan I was trying to get. I said no fricking way. I told David Stafford to cancel my loan request & return my money, he informed me that the money would not be return untl August 28, which is the billing cycle of the lender. The "###" name CLAIRE HUDSON was my loan agent. My wife is totally sicken. I did try their website, nothing comes up. My whole objective was to call and make sure my deposit was arriving by AUGUST 28th, so I can MAKE my monthly payments . Not anymore. My wife was very suspicious when this piece of crap DAVID STAFFORD claims all money will be deposit on AUGUST 28th. We feel like idots, I know we're all smart people. It's very sad that there are people out there like this who prey on people looking for help. I would be very interested in helping anyway I can to try & catch these people, so they can't do this to anyone else.

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nichole01
Louisville, US
Aug 21, 2009 8:23 pm EDT

well i was scammed too! i was contacted by elliot prior on july 13, 2009 and he faxed me paperwork which looked all legitmate. so he told me i had till july 24 to make a decision. so after debating with it i decided to do he offered me a loan for $5k and i pay $815.50up front so i did that on july 23, 2009 and i was told i would have my $ 5k on july 24 by 5pm. and when i didnt receive the funds, i received a call from david stanford and he said the lender is requesting another $700 down and i told him never mind and just refund my money, and he told me it would be done on the lender's next billing cycle, so i told him fine. so he told me i would receive a refund of my money on august 20, 2009, and needless to say it isthe 21st and i still have not received my money. and from the other comments it doesn't look like i will.

nichole01

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7b4me
Bryant, US
Aug 20, 2009 11:00 pm EDT

The phone number and the website is shut down. Call the Canadian Fraud Busters and give them your info. [protected]. File a compliant with the FTC and the ic3.gov (which is the FBI) somehow someway we have got to get these people!

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harmonjjbc
Bismarck, US
Aug 20, 2009 2:14 pm EDT

my refund date was 08/18/09 NO MONEY... I am also redirected to a different website when I go to theres.

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nikkir
Alamosa, US
Aug 20, 2009 10:23 am EDT

Has anyone tried their website today? It redirects me to another site.

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