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Advance Fee Loan Scam

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Advance Fee Loan Scam Reports & Reviews (162)

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James Anderson called me about 2pm and told me that I was approved for a personal loan of $8,000. I had been online applying for various loans because my car broke down and I needed emergency cash. He then emailed me paperwork with company letterhead which indicated the all details of the loan, and walked me through his very detailed website, which appeared to be legitimate. The paperwork showed the interest, monthly payment amount etc. He then stipulated that in order to send me money, he would have to verify my bank account by him sending me a small amount of money and then me sending it back to him. I did not want to use my bank account so he I asked if I could just use my cash app card. He said yes but cash app only through bitcoin because the cash app card had restrictions. I sent him a payment of $320 via bitcoin which was suppose to my first upfront payment on my loan. He said that unfortunately there was an issue and he could not send the loan money because my name was missing my middle initial and the paperwork was already drafted without it. He would have to send me the return and then I make another payment or both would be applied to the bill which would take days or I could simple send an additional $320.00 ( total payments now 640). He emailed that both payments would be returned to me when the loan hit my bank account and offered to stay on the phone with me. When it came time to transfer the loan money, James stipulated that it was late (now 8pm) and although it usually takes 10 mins it would not be there until the next day about 12pm. It is now 2:44pm the next day and I have not received my loan nor my refunded amount of $640 and James has stopped answering the phone. His address is listed as manhattan 529 West 53rd Street New York, NY, however I believe this to be a virtual office. In reading more in depth about his company on their website, I found another company listed as a DBA called RENTOMONEY in their privacy policy and T&C on their site. Neither company has been reported to ScamPulse.com as yet nor so the have substantial negative reviews which would cause me to believe this was a scam. At this point I would just like my money back if possible. I have all the emails and the bitcoin addresses if needed. I just want to stop anyone else from going through this. I am unemployed and I barely had enough money to give. Here is his BTC Address : bc1qexaya4y9klsqa2h307kr2g69ckr929hqgagv3x

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They are bunch of shell companies. They will contact you claiming that when they look up your EIN through a webportal at the SBA. There is $120,000.00 being held by the sba for you as an EIDL loan. But won't give you any proof of the money. Until you pay their $500.00 fee. "Then they will submit your application for funding to the sba." When you call them out that the sba doesn't have any record of money held by them for you. They won't respond to your calls, texts, or emails.

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I was lied to and told I would be refunded the money in case I wasn’t approved but they stole my money 2 months in a row and refused to give me my money back calling me a racist

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- Saint George, SC, USA
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I was sent an email stating that I was approved for the requested amount but I need to have my identity verified for $9.95. They also needed a picture of my drivers license. I was then send a 2nd email with the directions on how to sign the loan documents. Before I could do so, they asked for $100 service fee

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- Nanticoke, PA, USA
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I was looking for a loan to help me fix my car and I applied for a few different.loans I got approved and they selected me asking for 9.95 to verify me. So I decided to check to see if it was a scam cuz they also said that the interest percent was 7.25% which is extremely low considering my credit is only at Fair.

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- Bangor, MI, USA
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I was told a friend had use them and received a grant used for help with mortgage, bills, or just to retired person. Was not told how much would be needed. But is I sent funds, they always wanted more. Some for the application, fees, and then IRS fees. Was told my grant went through. But then I started to ask questions. Would not answer any questions I asked. The individual said his name is Mr. Richard Edward and that the IRS agent was James. I tried to contact the company and told them about this, another guy named James told me to block them and he would help me. He sounded just like the first guy, telling me to trust him. Richard said that a lot and now I know I have been scammed. Should have known better but because it was a friend who told me. Then I find out that my friend was hacked and this person sent this message to all the people in her Facebook account. I just want these people to know we work hard for what we have and do not deserve to have our funds stolen by people like them. This last individual would not answer any questions either. Please help

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- Frankfort, IL, USA
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Wanted a $30,000 personal loan. Was told that $2500 necessary in case payment missed. Money sent. He then demanded another$2500 which my husband sent. He asked a third time and my husband came to me with what had transpired. I called and spoke with Craig Gifford. I told him we did not wish to take out a loan and that I wanted the $5000 back. I was assured it would be returned but of course it has not. There was another communication from Sacramento Ca, Allentown Pa and another from New York. My husband would not ordinarily fall for this it just makes me sick

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- Henderson, NV, USA
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This was Bait & Switch, I was offered a long from SBA for $120,000 but then told I needed to wait until now to October to receive the funds but they could fund me $75,000 at a high rate paying back large sums weekly! They kept pushing me and my husband finally said NO! I am out $1200 and could not pay my bills!

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I received the same offer from them. Offering $120,000 SBA EIDL loan. But they won't show me proof of the funding from the SBA until I pay them a $500.00 closing fee. I contacted the SBA about it.

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Offered loan with approval email after applying on loanscanada.ca, and then they said had to pay 1427 for insurance on loan before it could be released. They sent me another email to etransfer and then another email to etransfer again as well. They then said they had a sponser to make up the rest of the payment after saying i needed to pay more money. They deposited a bad check into my account and then proceeded to breate me on the phone saying they will not refund me cause i will not go to the store and get a 200 gift card for "****** bank" to release the funds into my account

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Was reached out by tezlico lending after applying on loans canada for a loan and they said i needed to pay 1427 for the 20,000 loan that i had requested. They used the same phone number as this post and they have the same address as well.

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- Glasgow, KY, USA
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It was supposed to be a loan then they said they got me part grant money so they charged me fees for every transaction an he told me that I had pd all fees an money would be deposited but now that I’ve paid all fees they want give me my lose/grant

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- Fall Creek, OR, USA
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It was a scam through cash app from Marcus White he’s associated with prosperloans a loan company out of Philadelphia their phone number is 267 696-4034 he scammed me through cash app without me I have pictures and proof of the scam

and he scammed my mother as well

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- Largo, FL, USA
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Have all my info saying their a loan comi had to pay 200 for credit insurance before i could recieve the funds in my account. The other number that was used 805 604 7001

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- Chesapeake, VA, USA
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I was applying for an emergency cash loan and I was contacted by text. At first it seemed legitimate. They deposited a mobile check into my account. I instantly knew it was a scam when they asked me to Cash App the money back. This was for FDIC insurance because of my bad credit. Luckily, my bank held all but $225 from the $998 bogus check. I will not spend any money and I will hold on to the money because the check will probably not clear, but I will have the money to cover it because I am not going to spend any of the credited amount. I was supposedly approved for $3000 loan at 10% with a $139 payment per month.

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- Ogilvie, MN, USA
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We needed a loan for our business which we was told only way to do was with setting up merchant credit card service with them they sent out terminal upon evaluation declined their offer they initially charged us over 200.00 i asked for it back he said wasn’t him i continue to get charged 28.00 a month over 18 months later can you please help

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- Dunedin, FL, USA
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I appied for a loan. This person supposedly approved me for it, then they hacked into my checking account. They reported fraud claims for bills that i had paid so the the bank would refund the amounts into my account so that they could hack in in take those funds from my account.

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The approached me about a loan had docu sign level documents and everything. Then i sent them the two payments upfront for the collateral on the loan and they just stopped replying and answering my calls.

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- Windsor, PA, USA
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Rebecca owens told me I was approved for a loan and I needed to pay 3 months pymt upfront for released funds into my account

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- Chicago, IL, USA
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Dear ****** *****,

In order to proceed any further, we will need to receive your referral fee along with the signed Agreement.

See “Payment Instructions” below.

If you wish to Cancel our guaranteed offer, then please go back to the previous page and click “Cancel”.

The guaranteed amount you chose is $1,500.00 and your referral fee is $75

The interest rate starts at 6% and up.

If the referral fee says “$0”, then please find the correct referral fee amount here: https://placguarantee.com/feeschedule/

A copy of this information has been emailed and/or texted to you. Check your spam or junk folders if you don’t see it.

THIS OFFER EXPIRES IN 7 DAYS.

We will need to receive an original signed copy of the Agreement for Guaranteed Approval Amount and your referral fee. Agreement should be printed up, completed and mailed to us. If you are unable to print it up, please complete the Agreement online by going here: https://placguarantee.com/agreementonline/.

Once we receive the referral fee, we will process your request and email you, usually within 1 business day or less. Personal checks delay everything by two weeks. The fastest payment method is through money order or certified funds by overnight mail. If you act fast, the whole process can be done within 2 business days, but that’s up to you.

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- Red Lion, PA, USA
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Offered loan to pay off debt

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