loan from American corp?

Question

Has anyone ever taken a loan with american corp- has anyon ever taken out a personal loan and they want you to send them a security deposit of $800 first and then you get your loan

Answer 1

COMMONWEALTH OF MASSACHUSETTS
OFFICE OF CONSUMER AFFAIRS AND BUSINESS REGULATION
10 Park Plaza - Suite 5170, Boston MA 02116
[phone] FAX [phone]
TTY/TDD [phone]
www.mass.gov/consumer

DEVAL L. PATRICK
GOVERNOR

TIMOTHY P. MURRAY
LIEUTENANT GOVERNOR
DANIEL C. CRANE
DIRECTOR

FOR IMMEDIATE RELEASE:
April 19, 2007 CONTACT:
Kimberly Haberlin
[phone]
[phone]



Consumer Affairs Issues Consumer Alert on Advance-Fee Loan Scam And Pay Day Loans


BOSTON - The Office of Consumer Affairs and the Division of Banks today issued a consumer alert warning consumers about a potential advance-fee loan scam and an illegal pay day loan operation recently advertised in the Boston Metro.

ADVANCE-FEE LOAN SCAM

Advance-fee loan scams generally involve the promise of easy credit regardless of credit history. Upon completion of a loan application, the entity requires a consumer to wire a percentage of the loan amount, various fees, or payment of insurance in order to secure the loan. Upon collection of the fee, the loan is never delivered.

Amcorp Capital is operating a website at www.amcorpcapital.com. The only contact information provided on the web site is a toll free telephone number and an email address. The web site also lists a business address of One Boston Place, Boston, Massachusetts.

Amcorp Capital claims to offer mortgage loans, education loans, personal loans, and automobile loans. This entity is not licensed by the Division of Banks and calls to the company have not been returned. An investigation by the Division of Banks has determined that no such business is located at the One Boston Place address. Moreover, the Amcorp Capital’s web site was apparently created on April 11, 2007.

Similar to other advance-fee loan scams, the website promotes the availability of easy credit regardless of credit history. Based upon discussions with consumers, Amcorp apparently requires, upon completion of a loan application, that a percentage of the loan be paid up front directly via wire transfer.

The Office of Consumer Affairs and Division of Banks strongly urges consumers not to do business with this entity. “This has all the earmarks of an advance-fee loan scam,” noted Director of Consumer Affairs Daniel C. Crane. “Consumers should know that no legitimate lender would require an upfront payment to secure a loan. Consumers should also be extremely cautious when dealing with companies that you do not know. All efforts should be made to safeguard your personal information such as bank account, credit card, or social security numbers.

For more information on advance loan scams please see information from the Federal Trade Commission available at http://www.ftc.gov/bcp/conline/pubs/tmar...

Answer 2

Sounds like a SCAM!

1) If the person you are dealing with is using a generic email address (Yahoo, gmail, Hotmail, etc.) it is a SCAM.

2) If the person you are dealing with contacted you through this or any other message board, it is a SCAM.

3) If they want any sort of funds upfront (via Wire or Western Union) before they release the money, it is a SCAM.
(Transfers via Wester Union are untraceable, so once you send the $800, there is no way to get it back.)

Answer 3

I have never heard of sending your own money before you get a loan. It sounds fishy. If you need to borrow money, isn't you are short of fund? You should shop with other banks, otherwise you may never see your own money again.

Answer 4

LOAN FROM CAPITAL ONE

Answer 5

DONT DO I DONT LIKE THE SOUND OF IT!!