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I applied for a personal loan,recieved a call from someone from Debt sollutions associates,they said that I was approved but that the loan had to be secured.The 3 ways that they would secure the loan would be if I had 1. a co-signer,2.colateral,or 3. security insurance blanket method. which would be a deposit of 10% of the loan amt which would be $600.00. I am suppose to western union my security deposit to Nickesha Hilton who I was told is the head of finance there. I just want to make sure that this is not a scam.

2007-05-04 05:45:58 · 6 answers · asked by Anonymous in Business & Finance Personal Finance

6 answers

It's a scam. When you apply for a loan you shouldn't have to send anyone money. That's retarded. Go to a bank.

2007-05-04 05:49:58 · answer #1 · answered by Rick 5 · 0 0

Yes, it is a scam. Dont' send a western union money order to anyone to 'secure' a loan.

2007-05-04 12:54:09 · answer #2 · answered by squeezie_1999 7 · 0 0

A good rule of thumb is to NEVER send someone you do not know personally money through Western Union. They offer no protection, and once the money is sent, there's no way to get it back.

Please see the link below.

2007-05-04 13:22:03 · answer #3 · answered by Kathryn 6 · 0 0

DONT DO IT....sounds like phishing to me. Have you called the place you applied for your loan? You should ask them if they know why you are being contacted by Debt Solutions Associates.

2007-05-04 12:56:27 · answer #4 · answered by Deborah M P 2 · 0 0

It is a scum, plain and simple
.
1) People who lend money never ever ask for money from you first. Any extras they add to the loan.

2) Never deal with any one who gives you no office address, telephone numbers etc in US and which you can verify.

2007-05-04 14:58:36 · answer #5 · answered by Anonymous · 0 0

DO NOT send these people any money. They are trying to SCAM you. Once you send them your money they WILL NOT send you the loan. I guess they want you to wire the money to them. Please do not do it. It is a scam.

2007-05-04 19:48:43 · answer #6 · answered by Anonymous · 0 0

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