I was contacted by a company stating that I had been approved for a $10000 loan. They left a message on my answering machine, as well as sent an email to me (probably based on information when I completed a payday loan online).
After calling a Heather Thomason back at extension 235, I was told I had been approved. After telling me that I would receive $10000 with a 7.25% interest rate payable over 4 years, she said she would send the documents to me and she would need a copy of my social security card, as well as my state drivers license. At the end of the conversation, she said, "Due to your credit, you were not approved by a bank but by a private lender who demands that you place $1500 in collateral". She asked if I had any questions, and I said I would first like to review the paperwork.
When I received the email and loan documents (all very official looking), I noticed that it stated that I would need to send back the documents, along with copies of my identification and social security number, and $1500 as collateral!
Any loan which asks for a payment UPFRONT in order to receive money, I learned from the BBB, is a scam. These people would have had my social security card, as well as identification and signature if I sent this to them.
DO NOT DO BUSINESS WITH VENTANA! They will not loan you money but are trying to feed off of people who have bad credit and sorely need their money! What they are doing is reprehensible. If I had $1500 to just "give away" for a $10000 loan, I would rather pay off one of my credit cards.
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