I was contacted by Ann Miller who said she received my request for a personal loan online and that I was approved for the $27,000. I was told I needed to make my first 5 monthly payments upfront and send $2761.00. I asked why and she told me because of my credit history my lender needed to cover the insurance that they would have to take out on the loan. But I never provided my social security number to run my credit report.
I told Ann that I could not come up with that kind of money and she told me to take out a payday loan for the amount since I was going to get my loan deposited in my bank account the next day. I told Ann I didn't feel comfortable sending that kind of money to a whole different state and she told me that I would have to send my money directly to my lender in Canada by money gram in wal-mart. I asked why and I sending it to a person and not the lending group and she stated it was collateral for my loan and if I sent it to the company my loan would take 3-4 weeks instead of one day.
I told Ann that I have seen many scams about this online and she informed me that they would not threaten their companies 14 year reputation fo just $3,000. Ann then stated I could take my loan aggreement and sue the company if I did not receive my loan.
I did not send the company any money because the more questions I asked about my lender the more of a run around I got. I asked why couldn't I send in my payments like a regular loan instead of making 5 payments at one time. She stated again because of my past credit history.
I then informed her it was illegal to charge an upfront fee for a loan and she stated it's not a fee it's for a secure loan like when you buy an automobile. So I informed her that even with my past credit history I was able to purchase a car without making 5 payments at one time. I then informed Ann that I was able to write a post dated check for an automobile and not have them cash it until 30 days later.
Everytime I came with a question as to why do I have to make my payments upfront she came back with a basic answer that really did not answer my question. If you are contacted by this lending group do not send any money to Canada or to any person.
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