Advance fee loan scams and fraudulent loan sites.
#197088 by jmdewall Thu Apr 10, 2014 1:27 pm
I received a text from this person from 541-933-5856 and then the following email. I tried to show headers, but that option was grayed out when I attempted. She is saying a 250 fee is required to start the paperwork and I can pay that via paypal so then I can get a refund if I end up not getting the loan for some reason. I am still thinking scam but wondered if anyone had heard of anything like this.



Lindsey Phelps
To Me



Today at 10:18 AM






Loan $50,000.00



Loan Interest Rate: 9.00%
Loan Fees: 0.00%
Loan Term: 5 years
Minimum Payment: $0.00


Monthly Loan Payment: $1,037.92
Number of Payments: 60


Cumulative Payments: $62,275.03
Total Interest Paid: $12,275.03


Carolyn S, Torres III

CC TORRES INVESTMENTS
Email: [email protected]
Office hours are 9am-4:30pm CST Mon-Sat.
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#197089 by AlanJones Thu Apr 10, 2014 1:33 pm
Definite scam.

Legitimate lenders do not randomly text people or use VoIP numbers, which is what 541-933-5856 is.

They also do not use free email addresses like [email protected].

Finally, they do not charge upfront fees to start the paperwork.

Please do not tell scammers that they are listed here - it will take them seconds to change their fake details and their new details will not be listed for any future victims to find.
#197092 by jmdewall Thu Apr 10, 2014 1:40 pm
I figured. I am sure she got my phone number off a board contact or whatever. The whole up front fees thing is what gets then every time I guess. Along with the weird email addresses. She of course says she is a private lender blah blah blah
#197094 by HillBilly Thu Apr 10, 2014 1:52 pm
Jmdewall,

Depending on where you live, a fee to obtain a loan prior to getting the loan is highly illegal to start with. There can be "loan origination fees", and other associated fees, but they are always rolled into the loan itself, not an upfront fee. This is the case in most major countries in the world. It also makes more sense for the lender when you think about it, because that way they are earning interest on the fees, so any real lender wants to earn as much as possible.

Here is a good article with lots of information in it about fake loans :
http://419advancefeefraud.blogspot.com/ ... -fake.html

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