Before you read this post, check out the Web site for Esteemed Lending
What did you think?
We’ve written about advance fee loan scams on our site and blog before. Here are just a few of the more recent complaints we’ve received from would-be borrowers who were taken:
I sent all the money I had in my bank to them- with the assurance that i would have the 50 grand… So they said they would refund my $2160. (My note: No refund was forthcoming.)
My wife and I were victims of the same scam. We Western Unioned them almost $3000.00 for ‘loan insurance’. After we didn’t receive our $10,000.00 loan that they told us we qualified for, we of course called them to ask what the problem was and they wont take my calls. Now there number is disconnected.
The FTC has warned you, and we’ve warned you. No matter how convincing these sites may seem, there are no “private investors” or “private lenders” eager to make high-risk loans to consumers. Please, please don’t send an upfront fee to one of these companies.
Gerri Detweiler – Personal finance author and Credit Advisor for Credit.com, Gerri contributes budgeting, debt recovery and savings information online. She is also the co-author of Reduce Debt, Reduce Stress: Real Life Solutions for Solving Your Credit Crisis.
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