Like many of you I have received calls or inquires from Newport, Greene and Associates, and many others. They all stat that I can get a 5000 loan, but I have to pay for 5 months up front, or there is insurance on the loan that have to be paid, or its is collateral on the loan. I have ran at least two of these so called agreements by my attorney has forward them to his friend in the FBI.
Remember if they as for money upfront to get money it is more than likely fraud
Don't give them any info especially ss#, DL Information, or banking acct info you are opening yourself up to identity fruad.
Here is a sample from the agreements I have recieved, if you get one trash it:
THE COLLATERAL
Grant of Collateral Payment. Borrower does hereby grant to the Lender a Collateral Payment of 5 monthly payments of $155.00 totaling $775.00 US DOLLARS in order to secure Bonowers obligations due under the Note and this Agreement and agrees to execute all documents required by the Lender to fiwther establish Collateral Payment. The Collateral Payment stated herein does not act as a fee in any way in accordance to applicable laws. The ifill amount of the Collateral is allocated thereafter towards the Borrower's repayment of the principal sum of the Loan.
Thank you for choosing Greene & Associates Ltd. To act on your behalf in finding an appropriate solution for you and your family. At Greene & Associates Ltd. We are committed to helping our thousands of customers achieve their financial goals since 1980. Our Vision is to win customer loyalty through our excellent service and our knowledge oriented staff.
This document verifies that will receive a Personal Loan of 5,000.00 once the 25% collateral payment of 1,250.00 to secure the loan of the 24 month term, which is a 2 year term. Once pays the 25% collateral payment of $1,250.00 of the 24 month term, the 25% will be applied to the total payback of $5,858.40 after 6 months of consecutive payments. _ will be responsible for the remaining $4,608.40 all payments will be made to Greene & Associates Ltd. Policy
Loan Term
Interest Rate
Total Amount Payable
Monthly Payment
Collateral Payment
24Months, 2years
7.5%
$5,858.40
$192.01
$1,250.00
The final processing of your loan from this point will take approximately 2-4 business days results vary.in order to make this process as smooth and easy as possible please read the following choices and indicate your preference.
Your funds will be allocated to you in one of the following two ways.
Fed-x, or via courier 48-72 hrs
Direct deposit into your account, 24 - 48 hours.
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