I've been receiving consecutive calls from this number and knew right away something was fishy. It is an Indian man who says his name is Jon from American Loan and I've been approved for a 3,000 loan.Hes obviously a fraud.
This number was given to me by a so called employee of american web loans says ive been approved for a 3000 loan but I need to show I am financially sound by paying 149 up front I researched their website it shows that they have been defrauded by another company using their name. There are numerous complaints that they charge 300% or more but they tell u its 11% on the phone it looks like its 150 fee every month u make payment for example u borrow 3000 and the payment are 140 per month that should be only 22 payments plus 11% interest would be a total payback amount of $3785.00 so that should be 28 payments but it appears they dont apply any payment towards principal only interest so u pay 6000 for a 3000 loan but they dont tell u can they really do this legally?
>> I need to show I am financially sound by paying 149 up front <<
Read this:
"It is illegal for companies doing business by phone in the U.S. to promise you a loan or credit card and ask you to pay for it before they deliver."
http://www.consumer.ftc.gov/articles/0078-advance-fee-loans
I've also been getting calls from this #. I listened to the message he said his name was George then he hung up. I couldn't understand the name of the company he was calling from because he was talking so quietly. Also sounded Indian. I've been getting a lot of strange phone calls from a man who sounds Indian. Changes his name all the time. Sometimes he's offering me a loan and sometimes he's saying he's suing me.
I've been receiving consecutive calls from this number and knew right away something was fishy. It is an Indian man who says his name is Jon from American Loan and I've been approved for a 3,000 loan.Hes obviously a fraud.
This number was given to me by a so called employee of american web loans says ive been approved for a 3000 loan but I need to show I am financially sound by paying 149 up front I researched their website it shows that they have been defrauded by another company using their name. There are numerous complaints that they charge 300% or more but they tell u its 11% on the phone it looks like its 150 fee every month u make payment for example u borrow 3000 and the payment are 140 per month that should be only 22 payments plus 11% interest would be a total payback amount of $3785.00 so that should be 28 payments but it appears they dont apply any payment towards principal only interest so u pay 6000 for a 3000 loan but they dont tell u can they really do this legally?