8,000 loan at 6% sounds good but they want money up front i dont like that idea. They said they would send you your money after they recieved there down payment.
2007-03-21 03:12:07 · 7 answers · asked by ACE 1 in Business & Finance ➔ Credit
Sounds like a scam... this tends to be the case with GA Trust Financial, too, except they charge 10%
2007-03-21 04:36:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
NEVER pay money upfront. It is absolutely a scam. I have been in real estate for 10 years, no lender ever requires money upfront except for an appraisal or about $250 for a loan app. Be wary of people who post here and advertise their services on answers, they are just as bad.
Go to your local bank, and check interest rates at www.bankrate.com to see what they are doing today. Nobody gets 6% right now.
Bottom line, if you pay these scumbags, you will never see them or your money again. I bet its even a P.O. box.
2007-03-21 03:23:01 · answer #2 · answered by Mark P. 5 · 0⤊ 0⤋
It is very likely and Advance Fee Loan scam. I would not do it, period. Half of these guys are in Nigeria or someplace. You send the money and you will not get the loan and you will also have no way of getting your money back.
Please read the Federal Trade Commission article on Advance Fee Loan Scams, link below.
2007-03-21 03:28:21 · answer #3 · answered by Faye H 6 · 2⤊ 0⤋
This is not legitimate. Scam, you will not get a loan, and you will not see your fee again. AND, you likely have handed over your credit information to criminals.
This was not a good move. Only work with real banks. Nothing online.
2007-03-21 03:52:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It's a SCAM. They contacted me yesterday wanting to lend me $6000 at 6% APR. The rep was trying to force me to give him a fax number so he could fax me a contract. Also, their address and phone number is not listed on their website. I looked them up on the BBB website. The link is below.
2007-03-21 15:33:26 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Well what does your common sense say? If they want you to fork over money in exchange for a promise then it's a scam. No real lender does that. Probably Nigerians.
2007-03-21 03:59:44 · answer #6 · answered by douglas l 5 · 0⤊ 0⤋
so some distance as i no any loans asking for money first are cons. why might they ask which you will deliver a small cost if there sending you hundreds? ??? actual they might deduct it from the quantity you will possibly borrow? if it became me then i might chuck it away. Dont deliver the money.
2016-10-01 06:40:17 · answer #7 · answered by ? 4 · 0⤊ 0⤋