This company called and told me I was approved for a $5000 loan and that is had a couple of options. 1) Send money upfront to cover the insurance policy to cover the loan 2) give a title for collateral
I researched this company and couldnt find much information. I called them and was told that they are legitimate. THIS IS A SCAM!!! PLEASE SAVE YOUR HARD WORKED MONEY!!!
A key warning sign is if the lender asks you to pay them a fee before the loan funds. This is called an advance fee loan and it is illegal. Scammers requiring an advance fee often take the fee and disappear.
Another warning sign that you are dealing with a scammer is if they ask you to pay them using a wire transfer instead of using the mail. This allows them to circumvent mail fraud.
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