Advance fee loan scams and fraudulent loan sites.
by Moonglow Sat May 25, 2013 7:08 am
This is from Adamali Financial services. Checked out the address on Google Earth and found that there is nothing at this addy. Beware. Do not send any money in for a loan.







Regards
to your email,



You
were Approved and Guaranteed to receive an unsecured loan of $5,000.00 USD at
3.7% interest rate you applied for with from our firm with a 2 Years Fixed
Repayment plan. Find the terms and conditions for this loan below:



Monthly
Loan Re-Payment: $216.46

Number of
Payments: 24 Months (24 Times)



Cumulative
Payments: $5,194.98

Total Interest Paid: $194.98
* Security Interest: This
Loan is An Unsecured Loan and with rules and regulation's abiding, borrower
would be responsible for the Loan Activation and Processing charges {$375.00 USD} while
the lender would handle all other charges involved. This fee is required
upfront for loan processing and verification before loan funds can be effectively
transferred to borrower. Your loan was approved to be transferred to you via
Western Union or Money Gram in not less than 24hrs of receiving the payment for
the Loan Activation and Processing charges in the loan.




The
Borrower hereby promises to pay to the order of the Lender the Principal Amount
shown above (to the extent advanced by the Lender to the Borrower), together with
interest thereon from the Closing Date at the Interest Rate until the Principal
Amount is paid in full. Interest shall be computed for the actual number of
days which have elapsed, on the basis of a 360-day year. The Principal Amounts
shall be due in Monthly installments as shown above with the final principal
payment due on the Maturity Date. Any payments not made when due shall bear
interest at a per annum interest rate equal to 10% per annum (the “Late Payment
Rate”). In the event that any Monthly payment is more than fifteen (15) days
overdue, the Borrower shall pay a late fee in an amount equal to five percent
(5%) of the past due amount. At the option of the Borrower, the Principal
Amount may be prepaid without penalty at any time. Partial prepayments of the
Principal Amount shall be applied to the last maturing principal. Monthly
payments shall be due as shown above. A schedule of the principal and interest
component of each Monthly payment is shown above.




The
borrower would be required to provide either of the following:-A Driver's
License or An International passport, Or a valid Identity Card bearing his/her
name for applicant's Identity. The applicant must be more than 18 yrs to apply
and have a job or source of income to enable him/her pay back the loan at
stipulated times of repayment. Failure to pay back the Loan at the time of
re-payment, applicant will be given 2 more weeks as grace period before legal
actions would be taken against you




I
...........................hereby on this day the.........................agrees
to the TERMS OF SERVICE, REQUIREMENTS AND REQUIREMENTS OR THIS LOAN with
REFERENCE number 45189YM herein as provided above. I shall abide by its rules
and regulations as stated and provided for me by the Direct on line Finance.





Hamilton
McGuire
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