I will admit I did apply for a cash loan and I thought this was the person responding to the inquiry. I representative called with an heavy indian accent and indicated that I have been approved for the amount requested. It would be available with 24 hrs and they had all of my information. But to show forth "Good faith" I would need to submit a payment in the amount of 200.00 using a vanilla reload network card. I then was asked to pay for the taxes (of which will be submitted back to me) in the amount of 235.00 and the application fee of 250.00 ( I thought I was already approved?) I then ask what would be the payment or the percentage in payments I would need to pay back and they informed that the information would be submitted once I paid the application fees. They wanted me to go back and forth and back and forth to submit payments. Then only to inform me that Money Gram is requesting a payment for 170.00 to release the "Loan" alongside with the documentation. I then ask to cancel my application and I would like to have my money back. The supervisor informed me that because the money has already been set to Money Gram they cannot cancel my application (yes you can) and in order to cancel I would have to submit a payment of 235.00, I the asked them to take it out of the previous payments, he did not understand what I was referring to. All I want is to cancel my "bogus" application and receive my money back. As I am writing this complaint, they are calling me now. My nerves are shot and My blood pressure is through the roof. I asked for their address, they first said it was a PO box number been the proceeded to give me a physical address and then I asked for their website www.instantcashforme.com which then turns to www.brandnewpayday.com I have filed a report with FTC, FBI, and my local police. If anyone knows anything else, please submit. I just want my MONEY BACK
The same thing happened to me today. I'm out of $710.00. Very furious. When I tried to tell them to refund the money, they told me I would have to pay legal fee and they were going to arrest me within 2 hours. I called the local sherriff's office and made a complaint. I don't think I will get my money back. Please be aware of this number.
LADIES AND GENTLEMEN OF THE JURY,
I am a former employee of a major bank, let's say it rhymes with Place. I originated retail and commercial loans for clients for over 4 years with them. Prior I worked for an additional 8 years at another bank we will say rhymes with He-man Others. I was a wholesale subprime mortgage specialist and have seen every type of loan under the sun. Good and bad. Never once, not one single time would a lender or any lender for that matter ever ask for you to send them a designated fixed payment, as a sign of good faith, to prove you are qualified to handle the loan product they are offering. All banks do, what real lenders do is first, pull your credit to obtain a FICO score and second look at your DTI Ratio. (debt to income) Google it. If anyone ever calls you and says you qualify.for a high balance of a loan, IE $10,000 or $5,000 as examples and you only make $$3,000 a month, THIS DOESN'T MEAN ITS YOUR LUCKY DAY!!!!!!!!! This is known as a bait and switch. They will ask you to send a modest amount, say.$200-$350 to "show good faith." it's [***]. Would you lend your own money to a stranger on "good faith." even if you structured to deal to pay you 42% back on your money. Common sense needs to play a roll here people. Banks stopped issuing personal non-collateralized loans about 7 years ago. They just simply failed and busted out on the lenders costing them more in losses than gains. Even at a 40% payback. Customers would take the money and receive the wire and simply close their bank account and walk away. Best advice, don't entertain these criminals with your personal information. If you need money ask a friend or family. They take your "good faith money" collect their western.union and whoops disappear. When I was approached, I was their worst nightmare. My questions shook the "rep" and when I told them I had their address he attempted to threaten me with arrest. After I said my regional special agent uncle of mine was listening in from the FBI The phone hung up. Imagine that. Be smart people. This is your money. Next time just Google it. Saves time,money, embarrassment and false hope. All the best.