I'm pretty sure I know the answer to this but I'll ask it anyway: Wilson Lending Inc., and some guy by the name Greg Wilson is offering to lend me $25,000 at 3% over 5 years. All I have to do is send him a $275 non-collateral loan fee? This is a scam right?
2007-06-19 13:22:57 · 6 answers · asked by Matt T 1 in Business & Finance ➔ Credit
Any "loan" that requires a fee up front is most likely a scam.
2007-06-19 13:30:14 · answer #1 · answered by Brian G 6 · 0⤊ 0⤋
Awesome! Call Greg Wilson and tell him to take the $275 out of the $25,000 and mail you the $24,725 right away!
2007-06-19 13:28:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yup it is. Why would you have to send a fee to someone who is loaning YOU money? If they were legit, the could deduct any fee from the money they send to you.
And if they send you a check and request that you send some of it back to them, don't do it - their check will bounce, and you'll be out whatever you sent. This is another very common scam that's going around.
2007-06-19 13:31:49 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Ditto on all of the above. REAL lenders don't ask for money upfront. Also, any low percentage like that, is definetely a scam.
Try a credit union for a decent rate.
2007-06-19 14:16:49 · answer #4 · answered by KatyG 2 · 0⤊ 0⤋
Well i would say it is a scam but test the man first.Please do not send him any money okay. Did you try prosper.com or even thinkcash.com. Just be careful when it comesto getting loans. Please check your e-mail from t ime to time to see if the man have contacted you again or even pressing you to complete the loan okay. Best of Luck to you.
2007-06-19 18:18:01 · answer #5 · answered by teresa p 2 · 0⤊ 0⤋
Huge scam dude
2007-06-19 13:27:02 · answer #6 · answered by Mike Frisbee 6 · 0⤊ 0⤋