I had applied for a personal loan online and a few days later recieved a call stating that i had been approved for a $10,000 Loan for monthly installments over a 4 year term. Because I have a low credit score he told me that I would need to have $700 in my account showing that I would be able to afford the monthly payments but that I would not be paying them any money to get this loan. Once I had confirmed this was available he proceeded to tell me my next step was to go to Shoppers Drug Mart and get a "Welcome Verify Voucher"...i was confused and called while I was in the store telling him I do not see anything so I was told to purchase $700 in I Tune gift cards but not to worry as this would be refunded back to me along with my loan.
While dealing with a fussy infant at the time and trying to rush home to my daughter after school I wasn't thinking and followed the steps. After I emailed the cards and codes as well as my drivers license he told me my loan had been sent and would receive my email within 3-4 hours. About 2 hours later I had another phone called from his "co-worker" rambling on about bank to bank fees etc and that my loan was frozen until I could send them another $427 to pay for these bank fees. At that point I snapped and broke into tears finally realizing what was and had happened. I told them I wanted my loan cancelled and my money back which was never suppose to be taken in the first place. That's when they informed me I was being charged cancellation fees and banking fees and will only receive $200 in which I still havent. Not surprising. These people have all my personal information as well.