Lincoln Fidelity Group Be Carefull of Loan Scam Ripoff Pittsburgh Pennsylvania
I went online to try to get a personal loan. A few days later someone contacted me claiming to be from Lincon Fidelity group.
They wanted me to send in $900 to "secure" my loan. sounded a little fishy to me.
I did not send the money because something told me not to.
I was supposed to send the money to an individual in Canada, not a business.
I researched on ripoffreport.com, and found some similar instances there.....
DO NOT SEND YOUR MONEY TO THESE PEOPLE!!!
Tina
Vicksburg, Mississippi
U.S.A.
2 Updates & Rebuttals
Mike
Radford,Virginia,
U.S.A.
Yeah right, Justin.
#3Consumer Suggestion
Fri, January 26, 2007
These operations never send money TO anyone. It is not on the "up and up." It is outright illegal to ask for "collateral," "insurance," or "security" etc. money up front on a cash money loan.
No real lender will do that. If they want to impose a heavy fee on your loan because you have bad credit, they will just take the fee out of the loan. For example you could get a loan for $5000 but be obligated to repay $5500 (plus interest) because there is a $500.00 fee. This is potentially legal, but it is almost never done. People with bad credit just won't get loans from anyone.
Justin
BURLINGTON,North Carolina,
U.S.A.
Lincoln Fidelity Group Customer
#3Consumer Suggestion
Fri, January 26, 2007
About three days a ago I applied for a loan through Lincoln Fidelity Group. I too was asked to send in a collateral payment to secure a loan for 5000.00 Dollars. I went ahead with the agreement.
The following day, I checked my account and nothing had been transfered yet. I contacted the customer service department and resolved the issue with them. At aprox. 10am this morning, I checked my account and saw that a transfer in the amount of 5000 Dollars had been made to my account.
I tracked the transfer through my bank and it was sent through the Lincoln Fidelity Group BOA account. So it seems everything is indeed on the up and up, I can't speak for anyone else but I really can't complain about the services offered by this company.