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Loan Scam

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Loan Scam Reports & Reviews (238)

- Stockbridge, GA, USA
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Owner stated he needed a loan to repair truck and pay driver for down time. He stated he would repay once truck was back operational and loads running.

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- Berwyn, IL, USA
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The person said it was long I was approve for 5000 and said that my credit score was and they will send me 1500 to my account and I have to go Walmart and upload it on a card

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- Deltona, FL, USA
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I'm not sure but I paid the loan years ago. Yesterday I got an email that I was overdue for $110.00., and the total due was over $5000.00. I paid $1800 years ago and now the website is out of service. If this a true student debt, why was this not on the bill years ago? Please get back to me. Since Covid the entire student loan process is ridiculous, and I paid ALL my loans.

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- Wilmington, DE, USA
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I was referred to Douglas Agency (@douglas_kise) on Instagram by TikTok account @jdfundinggroup after i commented on one of its video as directed by the video. Few days later, @jdfundinggroup sent me a message to contact former on Instagram to assist me with funding for my business. After contacting Douglas Agency on Instagram, he/it acknowledged knowing @jdfundinggroup (or that's what it seemed). Douglas Agency asked me if i was resident in U.S. or not; and I told him I was not resident in U.S. He asked me for my business EIN to confirm if my business is genuine and background check to see how much i could access (i thought it was private funding). Next, Douglas Agency said my EIN if good and i can access minimum $50,000 and maximum $180,000, but he can process and get grant approval within 48hours and disbursement in 4days for a fee of $160. But I was left with only $50 in my account , and pleaded with him to pay the $50 then balance as soon as i get disbursement and he agreed. I asked him (Douglas Agency) if he had a stripe or Payoneer or bank transfer but he said no and insisted CASH APP or Zelle. After several attempts to download those apps i got error messages that those apps were not available in my country. He kept giving me Nigerian vendors that can assist with paying him in bitcoin. After over 12hrs of back and forth he recommended local transfer to a Nigerian Bank account number. As soon as he got it, he requested my email and full name. Next he said he will send an email to complete the online grant application form (which is a U.S government grant site) contrary to him process and getting approval within 48 hours - claiming the server is slow. Next he said i should pay him $60 more if i want him to process it himself. When I insisted i am not interested any longer and I needed my refund, Douglas Agency (@douglas_kise) said it would take 7 (seven) working days for a refund (claiming company policy), and i should complete the total amount due as fee, if not stopping the transaction will affect my credit scores/report.

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- Fontana, CA, USA
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Scammer had my current address. Claimed I took out a loan in 2018 from my old address in Louisville, KY.

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- Cleveland, GA, USA
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This person used Discord to contact me about a minor business transaction which turned into a guarantee money lend scam me over a period of several months, constantly promising to pay me back the money he kept taking from me but I was and still am never paid the full amount he has taken from me to this day. It started on March 13, 2023 until today, on 10/2/2023. I have his passport, the Paypal transactions, and Discord chat logs I can send to the authorities so he can get caught. Please assist me on this. Thank you.

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- Seminole, FL, USA
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I got in contact with someone from Global Capital investment group Inc online, Ms Lavonda Renne; she gave me their web page where I submitted the credit app; their response was from their corporate email showing on the web, I even called that number in GA on the web and someone confirm that Mr Jeffrey Miller is the correct person to deal with with from their company, I called the bank were I was transferring the money and the account was legit for Me Jeffrey Miller. They have reviews on a page called Alignable.com, it shows Mr Jeffrey miller as a corporate officer, I dont know how they have a legal bussines registered in GA, a web page that match the phone numbers and email but this is a scam, they start asking me for some more money today in order to get the loan.

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- Jeffersonville, IN, USA
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They stated I could get a loan and then of course denied me. I asked for a street address after asking for their company after hearing what I thought was foreign language in the background he stated he could no give it to me

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- Oklahoma City, OK, USA
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Hey victim, this is ******* calling you from Lending Tree. The reason for my call is to inform you that your loan application has been for $1,000 without any upfront fees or any security deposit. So if you're still looking for this loan, you can simply get back to me on this number. The number is 704. 249-3881. So please do return the call. Thank you. Have a great day. ******* ***** Financial Advisor

Tel: +1 704- 249-3881. ********************************* Lending Tree Inc

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- Lakeland, FL, USA
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Keiser university set me up with a private loan. The paperwork states a fixed payment amount and a fixed interest amount. My payments double every couple months at random. My due dates change randomly. This company denies that they have anything to do with setting my loan they say they are a serviced and Keiser sets the loans. Keiser denies this. This is hurting my credit report and the “interest” is nearly %60 and stands to go from $80 per month as originally agreed to $700 per month within 6 months of taking the loan out. Some students have gone halfway through their programs at keiser university and had to drop out or have been kicked out due to not being able to afford these payments and being stuck with the full amount of debt afterward.

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- Lynnwood, WA, USA
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a person called said they are loan manger from Advance America Cash advance, they received my application and want verify information to continue because the loan was approved. They verified and send me the loan contract and told me to send it back to start the process. They said, part of the process is that their company will transfer some money so they can see my bank account in good standing. i thought part of the process so they told me to send at walmart, it's faster process so i can get the loan faster.

Because it was weekend, I had to wait to monday and i didnt see the loan being direct deposit. They said they were working on it. The next day, they asked for 700 upfront, I told them I dont have it. I said they never mentioned cancelation fee in the contract. They said because the loan amount, their lender charge cancelation of 1500 i only have 440 left so i had to paid otherwise my bank is negative Till today, I still dont have the loan being direct deposit, I suspected and I went online to read and found out i were scammed by this

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- Akron, OH, USA
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This was an email asking me to e-sign for a loan I did not request. This is the second email.

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I attempted to get a loan to pay my bills. I no longer was interested in the loan. The website said, I could cancel the loan! I called to stop payment and was told they wouldn't stop the payment. That it was going to be in my bank account by 5pm. I asked to speak to someone else. The phone hung up after a few. I called back and the man told me that the money was sent out at 12am. I told him my bank has not noticed me of any pending payment. I no longer desired the loan and the website stated that I could cancel. After, a couple of times of placing me on hold and repeating the same thing. I asked to speak to someone higher up. The supervisor gets on the phone and tells me that they will take the payment back. I informed her I had not received any payment and she would just be taking money. She said that I should wait until I receive the payment and then reverse the payment. I received the payment and now they are still trying to charge me for the loan of $400 a total of 1543.21, a total of 13 payments of $118. Well, over any legitimate interest rate. The supervisor informed me that the company would not charge me anything and only charge me $400 nothing else. I went on the app and there is a payment recurring of $400 and 3 payments of $118 recurring payments due. This is not what I thought it would be and I need help! The website is very misleading and the customer service has no way of stopping any payment! They only insist that I take the loan and kept pushing to make the loan

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Gave me a loan I didn’t ask for

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I was contact by a person from Franklin Funding, and then I was offered a 13000 dollar loan. This was a debt relief loan but when I called them I could never get a hold of them, and they wouldn’t call me bac. In July they took out of my bank 240 dollars, and in August another 240 dollar. I was finally able to get a hold of them and spoke to someone named Eric and he promised to returned my money, but as of yet I haven seen it. No one has contacted me or denied it, and all of the stuff they sent me has been taken down.

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I had to pay them $100. To beable to speak with the "sba underwriter " to finalize the funding contract. And pay the remaining $400 before the underwriter would sign off on the contract and submit it. Now they wont answer phone calls, text messages, or emails

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They sent me an offer for a loan for $1200 with a 10% intrest rate and later changed the agreement to 475% intrest rate. I will only pay back the original amount and now I have to change my bank account to another number and plus I am a military spouse. This is so INSANE.

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Tried to take my social security number and other personal information saying that he could get me a hardship loan. He did already know my name which concerns me that he already has some of my information.

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The scammer contacted me via LinkedIn. His name is Gary Rusell and is with CC Holdings, LLC. He offered me a loan in the amount of $91K but in order to get the funds, I had to transfer $4,550 to Truist Bank under bank account name CC Holding Title LLC. Account Number *************. Routing number *********. Bank Address Rock Hill - For Mill 1782 Highway 160 W. Fort Mil, SC 29708. After I sent the funds, Gary Rusell turned around stating that his closing agent could not secure the loan with $4,550 and request and additional $4,550, which I refused to provide. I have asked Gary Rusell in many ocassions to cancel the loan, but he refuses to do so. I trying to find out what recourse do I have.

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H. Reichert is correct. These people and their organizations are a scam operation. I saw a posting on this facebook page: https://www.facebook.com/163239cohen where Cohen John touted a 5%, no prepayment loan. When I contacted Cohen, Cohen messaged me to contact Sean Rogers at [email protected] (which was the contact information for real estate loans posted on Cohen's FB page also). When I contacted [email protected] I received an email from Sean Rogers with very little details. When I asked for details, Sean sent me a simple loan application. When I asked to speak with Sean, Sean gave me his number. When I called, there was no response. "Sean" called back and he had a very heavy Indian/Pakistani accent. He was vague in his responses and when I asked about fees, again very vague. After many questions and vague answers, I got the feeling that this organization did not have a primary goal to provide loans but to generate fees prior to loan funding with the hopes of getting loan approval.

At the same time, I started researching them and their website. I found several websites that had the same phone number; I found several LLCs and several LLCs that had name changes and several that are connected to Sean or Kristen Rogers with a mailing address of STE# F324, 411 Deinhard Lane, McCall, ID 83638, USA

Sean (and Kristen) Rogers have a wholesome looking FB page https://www.facebook.com/sean.rogers.33234/about_overview but they don't look Indian or Pakistani and at least some of the organizations they created are less than wholesome. CONSUMER BEWARE!

These are some of the related organizations: Mountain House Capital LLC; MountCapitalPeak.com; Mountain Peak Properties LLC; Mountain House Investments LLC; https://www.reaganrealestatellc.com/

There may be other related LLC but I stopped looking as they are a waste of time. However, CONSUMER BEWARE!

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- Phoenixville, PA, USA
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I was recommended this YouTube video https://youtu.be/DjgMN6Ebea8 and it's clear to me that the person is using deceptive math to encourage people to take out higher interest rate loans through their financial company to pay down a lower rate mortgage faster.

There is no way to pay down a lower interest rate loan faster with a higher interest rate one.

From my perspective this person is lying to people to sell people loans that will make them more in debt.

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