This company contacted us saying that we had been approved for a 5, 000 loan. However, because we had bad credit we had to put money towards the loan up front.
This downpayment was supposed to be applied to our first couple of months of payment. Once this company recieved our money via money gram we would receive our loan money 2-4 hours which was being directly deposited in our bank account.
We then had to fax paperwork to this company. Such information included; copy of drivers license, social security number, pay stub, bank information.
We were then notified that we were considered "high risk" and needed to send 500.00 dollars as a security deposit and would recieve that money back in 5 business days.
Again, we sent 500.00 dollars via money gram to this company. They told us that we would receive this money within 45 minutes because of the trouble and inconvenience they put us through.
We waited and waited and still there was nothing deposited in our account. I had tried to call them the following day but of course they wouldn't answer my phone calls. I googled there name and found that they had been reported as a fraud company.
I am now 1400 dollars in the whole with bank account in the negative and all my bills are now late.