Please be aware of Freedom Finainal Leading Co, and a man by the name of Mr. Micheal Mckenzie 866.718.3048.163. You should nerver have to pay for a loan or send money to Canada to attain a loan. I'm so happy that I view rippoff report, because I would have been one of there vitim. People work to hard for there money. The last thing that somebody need is some ass hole in Canada ripping them off knowing that you not going over there to find them.
Do this look familiar to anyone?
Please Review the Security Options Carefully
Option 1:
Security Payment/Collateral Payment: This loan is fully approved upon a secured basis and the funds are available for release to the borrower based on the following condition. The borrower (s) hereby promises to pay the first (5x) monthly payments of $123.24 totaling the Collateral sum of $616.20 where as this total amount will act as Collateral. The benefit (s) of this Option is that the borrower (s) will not require a Co-Signer. The borrower will be the Sole Beneficiary of this loan amount for both personal reasons and to restore his/her credit status. No lean or hold is acquired against the borrower (s) assets, property, or vehicle whereas the total Advanced Payment substitutes as Collateral. The loan shall bear simple interest, which will accrue at the rate of 8.5% per annum. Your first payment thereafter becomes due (7) months after receipt of your loan. The first payment, thereinafter, of $123.24 is due the month of February since the borrower would have made due with his/her first (5) payments in advanced along with the reward of a 30 Day Grace Period. When signed, this agreement will continue for duration of the loan. Any scheduled payment not received within 10 days of due date shall incur a $25 late fee, which, if not paid together with the underlying payment within five days, shall become part of the principal and accrue interest thereon until paid in full. An advance payment or payments may be made on the Principal, without penalty or forfeiture. However, penalization will occur if borrower intends to pay off loan in its entirety within 12 months.
OR
Option 2:
Insurance Coverage: This loan is fully approved upon a secured basis in the amount of $600.00 and the funds are available for release to the borrower based on the following condition. Borrower (s) assures Freedom Financial Lending Co. And private lender that you will comply with the terms and conditions of the loan agreement. This will give our lender confidence, given your credit status, that you will neither default nor be delinquent on any of your scheduled monthly payments. The undersigned will be protected over a (6) Six-Month Period whereas Freedom Financial Lending Co. Will make due with the borrower (s) monthly payments of $123.24 if job loss, severe illness or serious injury occurs within the duration of the stipulated loan term. This option rewards the borrower (s) a 90 Day Grace Period whereas the first payment of $123.24 will be due in the month of November upon the 90 Day Grace Period expiry. The Insurance Coverage amount of $600.00 will be reimbursed to you, the client at the end of the rewarded 3 Month Grace Period and following (3) consecutive payments made due on his/her monthly scheduled payment date.
OR
Option 3:
Assurance Plan: This option is a type of loan security in which the borrower (s) is required to secure his/her loan in the amount of $700.00. Rewarded with the same benefits as Option 2 whereas The undersigned is protected over a (6) Six-Month Period in the event of job loss, severe illness or serious injury occurring within the duration of the stipulated loan term, in addition to a, 60 Day Grace Period whereas the first payment of $123.24 will be due in the month of October upon the 60 Day Grace Period expiry, typically the borrower (s) must deposit between 12% to 20% of the total amount of funds desired. This deposit is held in a special savings account that we, Imperial Financial INC, will establish for the approved client which assures your loan can and will be paid on time. The money in your savings account is FDIC insured and wont be touched as long as you make all of your loan payments of $123.24 on time and your account remains open. Plus, you will earn interest of 3.5% on the money in this account. Although the security deposit is in the protection of Imperial Financial INC, as security in the event of default by the borrower (s), the deposit will not be credited simply for missing one payment. Usually the deposit is only used as an offset when the account is closed, either at the request of the Third Party Lender or due to severe delinquency (30 to 45 days). This means that an account which is less than 45 days delinquent will continue to accrue interest and fees, and could result in a balance which is much higher than the actual loan amount.in these cases the total debit may far exceed the original security and the customer not only forfeits their security but is left with an additional debt. This option will allow the customer with a poor credit history or no credit history to have a loan which might not otherwise be available and provide a means with which to rebuild credit. Once the customer has demonstrated good credit habits, the customer will be well on their way to getting a good credit rating. When you have managed all of your loan obligations responsible for 12 months, you will be eligible to graduate to an unsecured loan and we will reimburse the $700.00 plus any interest accumulated to date.
Whether you are just starting out, or making a fresh start, Freedom Financial Lending Co. Offers you a chance to establish a credit history that will benefit you now and in the future.
A good credit rating gives you the freedom to make choices.
Freedom Financial Lending Co. Loans allow customers with a poor credit history or no credit history with a loan opportunity which might not otherwise be available.
Once you have demonstrated good payment habits, you will be well on your way to getting a good credit rating and/or re-establishing good credit.
When you have managed all of your loan obligations responsibly over a period of time, we may be able to move you to another great loan product without requiring you to secure your loan.
At Freedom Financial Lending Co., we make every attempt to find solutions to our customers financial difficulties. If you have experienced problems getting approved for a loan due to lack of credit history or past credit problems, we have the answer for you: our secured loans. You will enjoy all the benefits of a regular loan at a nominal interest rate of 8.5% APR.
Policy and Procedures Agreement
All loans are given with the acknowledgement of these policies and procedures.
In order for the Loan Plan Program to continue, each participant must follow the rules and guidelines below.
A.
After the customer has received their loan documents, they must sign and return the following items:
1) The Long Term Loan Plan Program Agreement.
2) Terms and Conditions Agreement
3) Policies and Procedures Agreement
4) The Initial Promissory Note
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