Incom Lending Solutions Consolidation loan, required 6 month deposit fee, never transferred money for my loan. Milwaukee, Wisconsin
I was called by a person named Gayle Mathers from Incom Lending Solutions. She had told me that I had qualified for a $30,000 loan to consolidate by bills. However, because my credit score was on the lower side I would need to put down a 6 month deposit fee to cover should I go delinquent on my loan. If after six months I paid the loan as specified in the loan contract the 6 month deposit fee would be applied towards my loan. After paying the 6 month deposit fee I was told the money would be deposited into my account the next business day. After following all instructions given, I still have not seen any money. I was told by another person, Debbie Crawford, Manager on duty, that I was able to cancel the loan and I would receive my deposit back. I followed all instructions as given and still I have not received any money back.
1 Updates & Rebuttals
Flynrider
Phoenix,Arizona,
USA
Does any of this sound familiar?
#2Consumer Comment
Wed, July 21, 2010
1. You were required to send money via Moneygram or Western Union.
2. You sent the money to another country.
3. You were offered this $30K loan at much lower rates than your local bank would charge.
These are all earmarks of the Advance Fee Loan Scam. There is no loan company. You've been dealing with a group of scammers. They got you to send untraceable cash to them and will soon disappear. Legitimate lenders do not require large, upfront payments to secure a loan. Only scammers do that.
The FTC has a website about this scam :
http://www.ftc.gov/bcp/edu/pubs/consumer/telemarketing/tel16.shtm