SCAM: Require that you pay in advance (in my case, 5 months in advance) for a loan from a private lender. A loan that is never intended to happen.
Procedures:
1. They call you and say "You have been approved for a loan (my case $7000 at a 7% interest rate.) Well, since your credit rate isn't good, I found you a private lender who is willing to give you the loan. However, as "security" and showing good faith, you pay $925.00. Once that is paid, your $7000 is in your account within 24 hours.
I own a home and asked "I can't use my house as collateral" Of course they said no. Then I said something to the sort of "If this is a Canadian investor, how can they so easily loan American cash?" They gave me some BS story...
BTW - The representative name is Randy Gold. Other people have encountered a Brian Ellis.
2. They fax you some bogus papers. The address on the fax is incomplete and most of the information on these documents are bogus.
3. So (for fun), I called back and said that I was ready to send the funds for my loan. The representative says, "Okay, here is the information" "You have to send it to the lenders accounting agency by Money Gram."
Here is the information the representative gave me:
1. Get a person to person form.
2. Make it out to Claire Donnelly
3. Receive country is Canada. And send to Dempster Ontario.
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