I was called by this company out of the blue (after searching on line) saying I was approved for a 5000 loan. The stipulation is that I had to come up with the first 5 months payments which was apporximately 887.00. I was told that my loan would be funded the next day. I even asked the guy Michael if it was legit and he said yes. Shame on me. On monday when the loan was not in my account i called and he saud the lender is requesting a 1000.00 insurance policy on the loan now. Livid, I didn't know what to do as I was desparate. Becasue of the inconvenience they offered to up my loan to $7000.00. To be funded 3-5 hours after they receive the payment. My credit is shaky and I was desparate (no excuse) The next day, suprise surprise, no money. I called back and the alleged lender was asking for another 1000.00 payment. I even was sent a gaurantee letter from the CEO stating that if I pay that they will up my loan to 9000, and he guaranteed that nothing else would be needed. Now I am really desparate and stupid. When I see the letter, I borrowed a 1000.00 from a family member. Finally hoping that this was it, alas no money in my account the next day. I called and they said because 5 business days had passed that the lender needed a 897.00 lending fee. I am sharing this becasue I would want no other person to go through this. I take full responsibility. This company preys on desparate individuals. They even said that they would cover the lending the fee but there system was too old to do so, but they would reimburse me. This small paragraph isn't even the half ot it.
0 comments