Fountain and Steer loan offer

Is this a scam? They say they are based on Jamaica. I will cut and paste removing personal info. See below.

Fountain and Steer
Company Code: 357MG4709FS
Client Account Number: 017005
March 27, 2014

Ms. XXXXXX,

This email is to inform you that your loan application amount of $40,000 has been fully approved.

Loan Details

This $40,000 loan was obtained at an interest rate of 6%, your monthly payments would be $525.66 for 8 years or 96 months.
If you are still interested in receiving this loan amount of $40,000, please to contact the toll free number to speak with your loan consultant (Paige Watson) for further details.

Please note that you were fully approved for a secured loan.

To start the verification process, you will need to submit a copy of your ID (driver's license/passport/state ID) and proof of income (pay stub/job letter/bank statement).

We have tried getting you this loan at various banks and financial institutions but we were unable to do so due to your bad credit history. Nonetheless, we persisted and we were able to find you a private lender who was willing to lend you the loan on a secured base.

The lender has provided you with three (3) options to choose from. You are required to choose one to secure your loan amount.

1. Collateral Assets. This can be a house, land or motor vehicle (not older than 2 years) with a clear title; nothing can be owed or borrowed on these properties

2. Collateral Payment. This is your lender asking you to use three (3) of your monthly payments of $525.66 totaling $1,576.98 in advance as your security deposit which will be held in an escrow account and once all monthly installments are paid for with no defaults, you are entitled to a full refund inclusive of 2% interest rate earned per annum.

3. Insurance Policy. This is most popular with our bad credit clients. This policy is purchased by you for an amount of $1,450.85 to secure your loan amount of $40,000. You are covered in two ways:

1. Short term and Long term Disability. In the case of a broken arm or limb, the insurance will step in and pay your monthly payments for up to six(6) months. In the case of long term disability, if your injury prevents you from ever working again, the insurance will step in and pay off the remainder of your loan, which will prevent your family members or next of kin from being burdened with rolled-over payments.

2. Job Loss. The insurance will step up and pay up to six (6) monthly payments for you, giving you enough time to find a new job.

Now that we have listed your options you will need to choose one (1) to secure your loan amount of $40,000.

Before we accept any form of collateral or payments, you will need to either fax OR email a copy of a government issued ID, which can take the form of a passport, driver’s license or state issued ID, for verification purposes, along with proof of income i.e., pay stub, job letter or bank statement. After we confirm your identity, a legally binding contract and Surety Bond letter will be forwarded to you via email or fax which will legally bind you together with the lender so if any breech of contract should occur, legal actions can be taken in any court of law. You are required to read through the documents carefully, sign the applicable areas and return them.

Once all paperwork is received we can start processing your loan amount of $40,000.

For further assistance, please to contact our offices and ask to speak with your loan consultant (Paige Watson) or a representative from the Financial Department.

Thank you

Paige Watson
Loan Consultant
Fountain and Steer
Toll Free #: 1 (877) 885-9704
Fax #: 1 (855) 380-7719
Website: www.fountainandsteer.com

We are fully licensed and registered with the Financial Regulatory Council (Phone: 1-876-520-2613, Email: [email protected])

Domain Name: FOUNTAINANDSTEER.COM
Registrar: NETWORK SOLUTIONS, LLC.
Whois Server: whois.networksolutions.com
Referral URL: http://www.networksolutions.com/en_US/
Name Server: NS1.WIX.COM
Name Server: NS2.WIX.COM
Status: clientTransferProhibited
Updated Date: 21-mar-2014
Creation Date: 21-mar-2014
Expiration Date: 21-mar-2015

So far there are two Red Flags a one year registration for the site. This is typical for scammers because they know eventually their fake websites will be shut down. So they do not pay for multiple years.

Also "Registrant Organization: Domain Discreet Privacy Service" A real company would not hide this information.

Thank you! Figured too good to be true of course

This faker is only 6 days old.

Can you please post the headers of the emails sent to you. Please remove your personal information. The people who deal with fakers may need it to get the site shut down.

Paige Watson <[email protected]>
Loan Approval - Fountain and Steer


I hope that's what you mean by email headers. I have outlook and that is all I could copy. Let me know if it is something else and I will try to figure it out.

I believe that is good enough. He did not send the email through the fake site. Outlook may not give an IP but you can check.

Find email headers: http://www.abika.com/Reports/Samples/em ... rguide.htm

I am confused. I have Outlook 2013 and I can't figure out how to get an ip address from that header.

Don't worry about it.

Other major red flags.

1-876-520-2613 is a mobile telephone in Jamaica. - legitimate loan companies do not use a mobile telephone for their main contact.

The reply to email address is a free email account from mail.com. A legitimate company would use an email account on the registered domain.

Note - Calling Jamaica can be expensive.