Premium Credit Union
Debt consolidation loan scam

This company is the same as Echo Premium Lender & Financial who is rated unsatisfactory by the BBB and who is also affiliated with the Marex Investment Group. I have been told by this company that I was approved for a $10,000 loan at a fixed rate of 7% for 48 months. I would have to wire them four months premium up front and that as soon as they received it that they would either send me a check by mail in 24 to 48 hours or direct deposit the money in my account within 2 hours of receiving the money. All I had to do is fill out the loan papers which they faxed me and send a copy of my driver's card, SS#, and recent paycheck stub.
When I asked them for their lisenceing number with the state they said they were in they told me to call back in an hour for that information.
I filed a report and complaint with the FTC and the BBB.

Company: Premium Credit Union
Country: USA

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