I was applying for a lot of small business loans and was contacted by a co. called debt free fininical stating I had been approved for a $5000 loan. I was told that due to my past credit history i needed to pay the first four payments as a security deposit.
I wired the money $900 and was told my check would be couriered to me within the next 48hrs. The next day i recived a phone call stating that the insurance co. that approved the loan made a mistake and that thay needed seven mos. security deposit.
So I then again sent more money. $600. So a total of $1500 all toghether. I never heard from them again. Thay sent me real looking contracts and papers but it was a hustle.
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