Is this loan company a big fake?

Question

Has anyone heard of the loan company Arcadia Financial?I was approved for a loan ,and the company wants me to pay $2,125.00 for loan protection insurance before they put the loan into my account is this a big scam?

Answer 1

Any time someone ask for money up front for a loan, it's a scam.

Besides, Arcadia no longer even exist. They were part of Citifinancial along with Trans South, over a year ago they all became known simply as Citifinancial.

Answer 2

Arcadia is a part of Transouth Credit, Arcadia approves loans for peole that do not meet the requirments for Transouth. They do charge many fees and there intrest rate can be very high, I would look for a diiferent comapny before I would pay any other fees.
I have delt with Arcadia in the past and I have no completes with customer service, but they make it very hard to pay off your debt. Their auto loans can stretch out for 6 years or more, so a $10,000 loan can cost you well over $30,ooo.

Answer 3

If you were turned down by a few other lenders, we can assume that your credit history does not look too good. That may be a reason that Arcadia wants protection from default. Mortgage protection insurance is a normal charge for the best home borrowers if the loan are not meeting certain parameters. I don't thing it's a scam. But it is definitely not for you if you have a choice.

Answer 4

How is Enron a private loan-shark organization? How is Enron a foreclosure organization? Enron change into an skill speculator, that were given stuck with its pants down. the project with the Nader crowd is the shortcoming of straightforward info for his or her distinct premises and conspiracy theories. i imagine Ralph change into way more suitable suitable off conserving faults with the product strains than mocking up the political procedure.

Answer 5

Does it seem right to you that you have to pay over 2 thousand dollars for a loan? Think about it.

Answer 6

Yes!