Cherry Valley Financial

Can somebody help me out here, do you think that this is a scam so this ad on backpage.
thank you

Loans availabe Maximum amount $100,000.(personal or business)
Requirements.
Must be 18yrs and up
Must have a job or employment insurance.
Ability to repay in two years max.
TERMS:
Regardless of the amount ,there is a flat fee of $2000.This amount will be added to the loan so there is no upfront fees. Example if you asked for $10,000 , the processed loan amount shall be $12,000.
There is no credit check.Loan can be processed in 4 days
The interest rate is 3 percent. You can pay the complete amount in one year or by monthly payments.

Sandra
[email protected] 1-877-607-2355
CHERRY VALLEY FINANCIAL

3% interest rate on a personal loan? No credit check? Not happening. That claim alone clearly establishes this as a fraud. Typically, the only loan you can get without a credit check is a payday loan--and those have shorter repayment periods and much higher interest rates too.

Personal loans are unsecured loans. The interest rate is typically going to be in the neighborhood of 10% (or more, depending on credit history), not 3%. And a legitimate personal loan or a business loan WILL require a credit check. Even a secured loan is going to come it at greater than 3%.

Looks like we have a fake domain here too.

Domain Name: LI-PROGRAM.COM
Registrar: FASTDOMAIN, INC.
Whois Server: whois.fastdomain.com
Referral URL: http://www.fastdomain.com
Name Server: NS1.IPAGE.COM
Name Server: NS2.IPAGE.COM
Status: ok
Updated Date: 20-oct-2011
Creation Date: 20-oct-2011
Expiration Date: 20-oct-2012

This ABSOLUTELY a scam, do yourself a favor and type in their phone number into Google. It brings up a TON of Backpage ads they have placed with verious names and emails. Also, if you type in their NY address they give you, you will come up with a medical testing lab, which specializes in STDs. At least they have a sense of humor. The previous poster is correct, if your credit is bad enough to entertain one of these people, NO WAY you're going to get 3%, even if they take $2000. Report them and delete their mail. DO NOT give them your personal info. They are operating out of Canada.

Where do I report these scammers.
thanks