The loan is for 5000 and they want first 6 months up front that sounds like a scam.
2007-08-10 23:38:17 · 7 answers · asked by Dennis S 2 in Business & Finance ➔ Credit
It's a complete SCAM! Advance fee loans are totally ILLEGAL. Don't send them ANY money at all. You'll never see your "loan" and your $800 will be gone forever.
Additionally, do NOT give them your bank account details! With that information they can drain your account before you know what's happening. If you have, contact your bank immediately and have a freeze on ACH out transfers without your explicit approval.
2007-08-11 00:17:11 · answer #1 · answered by Bostonian In MO 7 · 3⤊ 0⤋
No Dennis---it costs and you must pay... If you would have made your payments as scheduled. You would not have this problem... Now you have to pay $800 before anyone will try and help you... The whole is this ---you still owe the money that you borrowed... But now you owe more...This is not a scam when they want 6 months upfront. What is the scam is you trying not to pay the $5000 back that you borrowed...
The sooner you pay off the loan the sooner the monkey will get off your back... And leave you alone...
2007-08-11 01:05:29 · answer #2 · answered by Gerald 6 · 0⤊ 2⤋
Do NOT send them any money. I was in your same situation 2 weeks ago, and they asked for $1,800. I was too stupid and desperate to research any further and they stole my money. Now no one answers the phone and their website is down. Please don't send them anything. A guy called Curtis Jefferson contacted me and did all the "paperwork" with me. I honestly can't believe I fell for that, but what's done it's done. And yes, Advanced Fee Loans are ILLEGAL in the U.S. and most countries. Check this website for some info.
2007-08-13 08:56:40 · answer #3 · answered by IAS 2 · 0⤊ 0⤋
No legitimate loan company does that. That should raise at least a dozen red flags. Here is a good site for bad credit loans
http://www.1-800badcredit.com/bad-credit-auto-loan.html
2007-08-11 03:00:17 · answer #4 · answered by Dewey K 2 · 0⤊ 1⤋
Don't do it !!!
Even a "hard money" lender gives you the loan at a high interest rate without any up front money.
2007-08-11 03:33:11 · answer #5 · answered by Mountain Top 4 · 1⤊ 0⤋
fake lending offer. fraud. scam. stay away.
http://www.consumerfraudreporting.org/LoanScams.php
http://www.data-wales.co.uk/ni_fake_loans.htm
2007-08-11 06:29:03 · answer #6 · answered by gogo7 4 · 0⤊ 0⤋
it is a scam.
2007-08-11 00:45:28 · answer #7 · answered by Anonymous · 1⤊ 0⤋