I have horrible credit, and I'm going back to school in Jan. I have defaulted on a student loan, so I can't get federal grants or loans. All other financial institutions keep denying me. 2 different places approved me, but one was in the Camen Islands, so i didn't trust that. They wouldn't even send me any paperwork until I sent $1500. Allstate approved me, they sent my contract and everything. I'll get the money about 5 days after they receive the $2000 security deposit. Does this sound legit?
2007-11-28 07:45:03 · 5 answers · asked by redberri21 1 in Business & Finance ➔ Credit
Sounds like a SCAM.
Never pay money upfront on a personal loan.
The scammers have been making up names that are similar to legitimate financial companies in order to lure victims.
The kicker is the email address. If the person that you are dealing with is using a generic email address (ie Yahoo!, Gmail, Hotmail, etc.) then they are definitely a scammer. A legit company would have its own domain.
2007-11-28 08:16:21 · answer #1 · answered by Wayne Z 7 · 0⤊ 0⤋
I am in the uk so I do not know these companies but I was stuck and used a company online who offered me a loan they only wanted £40 up front. I did not pay but they sent the information to me any way it was a con I could have a loan but they were not lending the money I started to get calls and letters from companies offering loans but at 40 - 140% apr
Try a google search eg allstate, allstate forum , allstate complaints.
you may be surprised what you find.
2007-11-28 07:56:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Anytime someone requests money up front for a loan or prize, alarm bells should start going off in your mind. This sounds like a scam...Look at the link I've posted below.
2007-11-28 08:12:42 · answer #3 · answered by CatDad 7 · 1⤊ 0⤋
Cayman Islands? - it's a scam. No legit loan place asks you for that kind of money up front - you'll never see that money again
2007-11-28 08:25:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋
For laughs, I rode a youngsters tricycle via one. They have been NOT pleased and weren't going to allow me order till I mentioned I would not transfer till I bought my order. There have been 5 - 6 autos at the back of me.
2016-09-05 16:08:03 · answer #5 · answered by Anonymous · 0⤊ 0⤋