Coastal Finance LTD indicated that I was approved for a $7,500 loan at a rate of 7.9%. Fantastic! As I proceeded, I was told that a payment for 13.33% of the loan amount was required upfront. Being naive and trusting (as I realized after this event), I sent the security deposit via Western Union. I then received information stating that my money would be transferred by the end of the day. When i didn't receive it, I contacted the company. No response. The day after that... No response. I have since discontinued my attempts to contact the company
Do not work with Coastal Finance LTD to acquire a loan! You will only lose your money. If a company is willing to loan you money, they should not require money upfront. I have learned that the hard way.
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