by MaybeScammed
Thu May 08, 2014 5:35 pm
So I had applied for a loan on lending tree.com (yes I know don't shoot me) Received an email from a company saying they would lend me $7000 and I needed to fill out the documents and send them in along with id and a void cheque.
After I see the paper work it all looks legit and they tell me it is a secured loan and need the first 5 months payments $748.15. I don't have the best credit so I can understand this. I fill out the paper work fax them proof of employement and id.
Next day there phone system is down and I cant get a hold of anyone, finally mail them saying I will contact the proper authorities if no response is given and get an email and phone call back.
I have decided to not go through with the loan but now I am worried since they have my information. Please help and tell me what you think.
www.proactivelendingsolutions.com
If there is a way of me attaching the loan agreement on here I will, just not sure how. The agreement is 7 pages and trust me looks very official.
Thank you all for any responce or suggestions.
This is the collateral part.
Security Deposit Collateral 1.1. The Terms of the Loan. The aforementioned Loan shall be for a term of 5 yrs. from the date of the Note. The principal balance of the Loan shall be payable monthly by Borrower as required by the terms of the Note. 1.2. Rate and Payment of Interest. The aforementioned Note shall bear interest at the rate of percent (7.85%) per annum calculated on the basis of a 365 day year. 1.3. This Note is to be collateralized by the Borrower, utilizing the following asset(s): The undersigned hereby promises to pay the principal sum of $742.80. After the verification of the collateral, the approved SEVEN THOUSAND ($7,000.00) CDN will be released to the Borrower within twenty-four hours. Borrower will be granted a 5 month grace period which is initiated upon receipt of the loan. During which time no payment is due. Your first payment thereafter becomes due 6 months after receipt of your loan. The first payment of $148.56 is due in November 2014. The precise start date will be determined and entered on the bottom of this agreement by your representative.
After I see the paper work it all looks legit and they tell me it is a secured loan and need the first 5 months payments $748.15. I don't have the best credit so I can understand this. I fill out the paper work fax them proof of employement and id.
Next day there phone system is down and I cant get a hold of anyone, finally mail them saying I will contact the proper authorities if no response is given and get an email and phone call back.
I have decided to not go through with the loan but now I am worried since they have my information. Please help and tell me what you think.
www.proactivelendingsolutions.com
If there is a way of me attaching the loan agreement on here I will, just not sure how. The agreement is 7 pages and trust me looks very official.
Thank you all for any responce or suggestions.
This is the collateral part.
Security Deposit Collateral 1.1. The Terms of the Loan. The aforementioned Loan shall be for a term of 5 yrs. from the date of the Note. The principal balance of the Loan shall be payable monthly by Borrower as required by the terms of the Note. 1.2. Rate and Payment of Interest. The aforementioned Note shall bear interest at the rate of percent (7.85%) per annum calculated on the basis of a 365 day year. 1.3. This Note is to be collateralized by the Borrower, utilizing the following asset(s): The undersigned hereby promises to pay the principal sum of $742.80. After the verification of the collateral, the approved SEVEN THOUSAND ($7,000.00) CDN will be released to the Borrower within twenty-four hours. Borrower will be granted a 5 month grace period which is initiated upon receipt of the loan. During which time no payment is due. Your first payment thereafter becomes due 6 months after receipt of your loan. The first payment of $148.56 is due in November 2014. The precise start date will be determined and entered on the bottom of this agreement by your representative.
