A loan company based out of Canada ( i'm in the united states) has offerd me a loan but is requiring an "Insurance amount" be sent to them first they say after three months of timely payments the money will be returned to me. They say this is do to my negative credit rating
2006-11-17 09:11:17 · 6 answers · asked by Pretty M 1 in Business & Finance ➔ Credit
Let me guess, they are located in Quebec? They have been scamming people for years, including me. Buy, I was lucky and I got my money back. This is what you do, contact your attorney general's office and also police in Quebec if you can. Also I know they told you to wire the money... and if they said Western Union I am surprised because they are the people who warned me about the scam. If it is Western Gram... Money Gram then contact them and give them all the information. The next step you do is contact the vender in Canada and tell them you wired the money. When they go to pick it up, make sure you notify the police there and they will get arrested.
Good Luck and do this ASaP
2006-11-17 09:21:24 · answer #1 · answered by Kay_Ladee 2 · 0⤊ 0⤋
Some loans to those with poor credit do require some kind of "insurance" - like collateral. However, I would do that kind of business in person, NOT via the phone or mail as many fake "companies" use this to scam you. The loans in general are pretty much a scam, but they do exist in the "legitimate" business world.
2006-11-17 09:14:47 · answer #2 · answered by Phoenix, Wise Guru 7 · 0⤊ 0⤋
DO NOT send these people any money. This is nothing but a SCAM. I am begging you. I applied for a loan with The Hawkins Group located in Holifax Nova Scotia, Canada. I applied for a loan with them for $5000 and they approved the loan. They wanted me to wire them a total of $750.00 before they sent me the loan due to a negative credit rating. They even e mail me the loan documents and told me to fax them back to them and wire the money to some man by the name of Robert Lu. I had no idea who the hell this Robert Lu was. They also stated that I would have the money in my account in 24 hours after I wire this man the money. The loan documents that they sent me look like something I could have very well set down and typed out my self. Something told me to do some research on this company on the internet and I did just that and lord and behold I found them listed on ripoff reports. com as being nothing but a bunch of scam artist that were scaming people out of their money. Once you wire the money to them you will get nothing in return nor your money back. I was so glad I looked on ripoff reports.com. I call them and laid them out and let them know that I found a web site with them listed on it as being nothing but a scam artist and how they were trying to scam me out of my money. They hung up on me. (so what does that tell you) So please, do not send anyone any money for a loan because it is nothing but a scam. Please do not fall for this. You send them your money and you will get nothing in return. I am soooooooo glad that I did not send these people $750.00 because they would had just taken my money and I would have got nothing in return.
PLEASEEEEEEEEEEEEEE DO NOT DO IT!
2006-11-17 13:37:50 · answer #3 · answered by Anonymous · 0⤊ 0⤋
That is a total scam. Stay away from it. They did a segment about this sort of company, based in Canada, on our local news consumer protection feature not too long ago.
2006-11-17 09:21:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If it were a legitimate loan, they would withhold the "Insurance" amount from the load proceeds.
I concur that this is a scam.
2006-11-17 09:16:49 · answer #5 · answered by Wayne Z 7 · 0⤊ 0⤋
It sounds like a total scam to me. I think the chances of you getting any money are nil.
2006-11-17 09:13:17 · answer #6 · answered by rchlbsxy2 5 · 0⤊ 0⤋