Please read starting from the bottom up. A red flag went up when they asked me to send them money on a preloadable card that was non Visa or Mastercard.
I wrote:
Derek,
As you can see, I sent you a void check with my account number on it, so how could it be fraud. Also, it sounds a little sketchy for an insurance company to ask for money that way. It kind of sounds like a fraudelent company. I was told by another loan company that loan company do not ask for money up front, unless it's to run a credit check or back ground check and to be wirey of companies that do ask for money upfront for processing or insurance fee's.
I wanted to get a better understanding of what kind of company you all have, so I tried to find you thorugh the BBB, and I could not locate your establishement. So, I contacted the leasing department of where your establishment is suppose to be (60 S 6th Street Ste 4001 Minneapolis, MN 55402) and was told there is no such company by that name in this building. So, I decided to dig a little deeper and do so internet searching, and I noticed that your server is located in the Bahamas, now that was a wake up call.
It looks like this is a scam, and I kind of figure it out when you asked me to send the money from a preloadable card (non Visa or MC). That was what made me do my research. Also you guys are on usacomplaints.com as well. I was always told that if something sound to good to be true, it usually is. Some legitimate loan companies will offer me the money, just at a very high interest rate that I'm not willing to pay, but for you to offer my less than 8%, I was a little shocked.
So on that note, I no longer need the loan and will seek other measures for the money.
Thanks anyway.
He wrote:
Date: Mon, 14 Jan 10:59: 34 -0500
From: d. [email protected]
Subject: RE: Direct Finance - Insurance Activation & Loan Release
Hi,
Given the quick turn around time between your loan release and insurance activation, the insurance company has implemented an activation system that is secure because funds used for the insurance activation cannot be reversed once the loan has been released (we have had minor instances of fraud in this area with debit and credit cards).
This is the reason that funds cannot be deducted from a checking account at this time. As you loan agreement states we have a legally binding declaration of the loan funding that we have offered. Your loan is to be released into your bank account within 48 hours upon insurance activation.
Your insurance only requires that you purchase the card at a participating location. No more or less hassle than sending a money order overnight.
Please let me know if you'll require anything further, otherwise please give me a call when you have made the payment.
Thanks,
Derek Phillips
Senior Loan Officer
Direct Finance
60 S 6th Street Ste 4001
Minneapolis, MN 55402
Tel: 1 (866) 985-5355 ext 505
Email: d. [email protected]
Web: www.directfinancingloans.com
On January 12 at 5:35 PM I wrote
Derek,
Instead of going through the hassle of getting one of the cards, can I just overnight a money order to you to the address below?
Date: Fri, 11 Jan 17:57: 33 -0500
From: d. [email protected]
Subject: Direct Finance - Insurance Activation & Loan Release
Hi
We have completed the review of your loan agreement are ready to release your loan.
Included in this email will be the detailed instruction for paying your creditors insurance policy through MoneyPaks money transfer service.
You will be making payment with the Green Dot Money Pak reloadable load card (Note): there are several different types of load cards, you will be purchasing the load card without the visa or mastercard logo. You will be loading the sum of $550.18 to submit payment for your insurance. You may find the load card at any of the following locations: Walgreen, Wal-Mart, CVS Pharmacy, Rite Aid Pharmacy, Kmart, Meijer Pharmacy at the cost of $4.95. Once funds have been transferred to your load card you will need to inform me of the 14 digit number on your load card for verification of payment.
If you are able to take care of things as scheduled please fax me over a copy of the card you obtain so that I can verify that the payment was made and start the process for releasing the loan proceeds. Your loan will be deposited into your account within 48 hours upon insurance activation.
Regards,
Derek Phillips
Senior Loan Officer
Direct Finance
60 S 6th Street Ste 4001
Minneapolis, MN 55402
Tel: 1 (866) 985-5355 ext 505
Email: d. [email protected]
Web: www.directfinancingloans.com
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