Stay AWAY from EQ Loan Portfolio Trust LLC

[Kumari Patricia younce]

Hello,

I value this forum. When my son and I were starting out looking for a private lender or angel investor to love our idea to build a Vermont retreat as much as we did, we heard from a Peter Spencer at EQ Loan Portfolio Trust LLC and he seemed legit but...we were not as aware as we are now of red flags and so we did send the origination fee to EQ (out of Nevada and Washington State). We even consulted a Nevada lawyer to look at the contract! The story gets worse but I am warning everyone here to avoid that company.

Also--we filed a complaint with the FTC and with the Nevada Attorney General's Office.  Has anyone EVER recovered their money from scammers?  We were told by the AG's Office it could take months.  I sent all communication, addresses, phone numbers, etc to the AG, including that of the lawyer who was independent not referred to us from the lender, though she stopped responding to us, too!

Anyone ever have success trying to get money returned?

kumari

Kumari of the Woods LLC

[Tom S.]

@Kumari Patricia younce  Sorry to hear!

In Vermont, there are lots of local banks you should reach out to.  I've worked with Union Bank, Bar Harbor, Northfield and Nat Bank of Middlebury with good success, no scammers!