Has anyone heard if this company to see if they're legit? They want a collateral fee of $490 before I can get the $5000 loan. How do I find out if they're real and legit?

Smells like a SCAM.
A $490 fee is 10%!!

Smells like a SCAM.
A $490 fee is 10% !!!

They say its collateral and once paid I won't have to pay my monthly fee until September because this $490 will be applied until than?

I know nothing about Quicken Loans other than that they win the award every year (Price Waterhouse?) for best loans.

I doubt that you will ever see the 5K that claims to be in business since 2002 and has clients worldwide, yet I can find no reviews of them at all. That usually means they just started, and probably start anew every few months under new names.

They are based in Jamaica. Who will you complain to when you lose your fee?

I just looked at their lovely web site. What interest rate would you be paying?

I just looked at their lovely web site. What interest rate would you be paying?
11%
U try it and If its good let me know? :)

And what happens if you miss a payment?

11%
U try it and If its good let me know? :)

The good thing is their giving me 3 yrs to pay it back and that sounds so good and tempting

The good thing is their giving me 3 yrs to pay it back and that sounds so good and tempting
Did you figure out how much interest you will be paying over three years' time?

What good is 'tempting' if you never see the 5K? You WON'T.

And what happens if you miss a payment?

They even sent me a contract but and it explains some or If not all in there but I'm just not comfortable with the advance collateral fee but like I said feel free to try it and PLEASE let me know the results ASAP

What will your monthly payments be?

They even sent me a contract but and it explains some or If not all in there but I'm just not comfortable with the advance collateral fee but like I said feel free to try it and PLEASE let me know the results ASAP

So you want one of us to try it? You are saying we need to apply for a loan through them and let you know how it goes? Yeah, I don't think so.

If you actually think someone here is going to 'try it' and let you know, you shouldn't be borrowing money online PERIOD. You are naïve and gullible. PLEASE save your money. What is so urgent?

Paying money to get money is a red flag.

If you miss a payment, the usual thing they do is increase the interest rate. Is that mentioned in your contract?

Like J_9 said, having to pay money to get the loan is a huge red flag.

Did you figure out how much interest you will be paying over three years' time?

All I know is I will be paying like a monthly fee of $164 so what about an 11% annual rate and after three yrs I would have only paid almost $900. This sounds too good to be true right

All I know is I will be paying like a monthly fee of $164 so what about an 11% annual rate and after three yrs I would have only paid almost $900. This sounds too good to be true right
If you miss a payment, then what?

All I know is I will be paying like a monthly fee of $164 so what about an 11% annual rate and after three yrs I would have only paid almost $900. This sounds too good to be true right
If I miss a payment there is a 9% of the payment not to exceed $75

If I miss a payment there is a 9% of the payment not to exceed $75

Their supposedly even insured by an insurance co call CHJ

If I miss a payment there is a 9% of the payment not to exceed $75
If this were a loan at a legitimate bank, the interest you will pay over three years (with no missing of payments) will be almost $1000.

I vote no.

If this were a loan at a legitimate bank, the interest you will pay over three years (with no missing of payments) will be almost $1000.

I vote no.

Thanks for all of your advices

Thanks for all of ur advices
Have you checked at your own bank or area banks what the interest rate would be to borrow $5000?

My bank would charge 4.25% interest for a $5000 loan.

LISTEN: When you can find absolutely nothing online about an online company other than what they wrote themselves, chances are it's a brand new fly-by-night shady deal.

Did you read their testimonials? They all have similar misspellings!

So you want one of us to try it? You are saying we need to apply for a loan through them and let you know how it goes? Yeah, I don't think so.

No I'm not saying for you to apply for a loan. But you as the expert I think would be better suited for the investigative legwork. Yes you go through the process just talking to them and being the expert you would know what to say and expect to hear back if their legit and if their replies aren't true to form than as the expert your red flags would be popping up compared to my naïve who don't know any better. This would solve all questions or give more weight to your expertise wouldn't it instead of just assuming

If you actually think someone here is going to 'try it' and let you know, you shouldn't be borrowing money online PERIOD. You are naive and gullible. PLEASE save your money. What is so urgent?
True I am naïve to all this. Even to the world of credit money and banks. Thus I have no credit and what little credit I have I am 3000 indebt and my bank is good for nothing though I haven missed a payment in this last 6 months won't give me any. So I had to resort to payday loans and all this bs. And the urgent reason just so you know is that my nephew who is only 22 has colon cancer. He just had surgery about a week ago now and though they got most its not all. He has to go to some cancer center in Chicago to do radiation crap. They live in North Carolina I live in Minnesota this urgent need is so that I can at least try to help because money is short and times are going to be very tough for my brother and nephew these coming months. I make $2000 a month not much but that can definitely cover this $3000 debt I am in and what I hoped would be a minimal $5000 loan but obviously not in these days and times. I guess I have to be more in debt before the banks give me more loan. I sound desperate and Mad because I am😁 not at you guys but just life and well you all know how it is and how in the blink of an eye it can just all snowball for good or bad on you.

No I'm not saying for you to apply for a loan. But you as the expert I think would be better suited for the investigative legwork. Yes you go through the process just talking to them and being the expert you would know what to say and expect to hear back if their legit and if their replies aren't true to form than as the expert your red flags would be popping up compared to my naive who don't know any better. This would solve all questions or give more weight to your expertise wouldn't it instead of just assuming


Yeah, still no. We all volunteer here... how many of us do you think would be willing to call them and sit on the phone with them to "investigate" them? I know I'm not going to spend that kind of time.

We are a Q&A site... to help people answer questions they may have... not to investigate claims for free.

The claims though seem a little crazy. 11% interest... $490 up front... $164 a month for 36 months. That works out to $5904 + the $490... hardly seems right from an online company that is giving a loan to someone with bad or no credit at all. I sell cars... usually no credit/bad credit loans go for over 24% interest... so this all seems "too good to be true" like they are trying to suck you in.

Have you checked at your own bank or area banks what the interest rate would be to borrow $5000?

My bank would charge 4.25% interest for a $5000 loan.

I have no credit so bad credit and already they chance on me wit a. $1000 loan 6 months ago which I been taking my good ol time to pay back only for the purpose to build my credit. Now that I actually need the money their useless and good for nothing. Which led me to payday loans who kill me on interest leading me to my 2300 debt. But it's nothing I can't pay off wit my job right now. It's just that right now now I need that loan n can't get it but thanks for the suggestion

Yeah, still no. We all volunteer here....how many of us do you think would be willing to call them and sit on the phone with them to "investigate" them? I know I'm not going to spend that kind of time.

We are a Q&A site...to help people answer questions they may have...not to investigate claims for free.
Right... again naïve of me to think anyone would do anything just for the good act in itself. Just a hard reminder of the world we living in and here I am taking advice from those who want to have their say only to say because they can but yet saying nothing but any reasonable man or woman wouldn't already know instead of actually talk about facts they do know or would if only they cared to. Ask yourself have you helped answer my question? And than ask yourself why are you on here to "help people answer questions" you know nothing of? But don't want to find out because nothing is free😁 thanks for your great input though seriously and your time.

Right...again naive of me to think anyone would do anything just for the good act in itself. Just a hard reminder of the world we living in and here I am taking advice from those who want to have their say only to say because they can but yet saying nothing but any reasonable man or woman wouldn't already know instead of actually talk about facts they do know or would if only they cared to. Ask urself have u helped answer my question? And than ask urself y r u on here to "help people answer questions" u know nothing of? But don't want to find out because nothing is free😁 thanks for ur great input though seriously n ur time.

So now you're talking crap at us because YOU came here asking for help and aren't happy that nobody will go through the loan process with that company to help you out? That's absurd.

You know what? You've been told what we think... so sorry I won't spend an hour on the phone with them for you, who I don't even know. So because you aren't hearing what you find acceptable... WE are the problem. Maybe if you would take the time to listen here or to even learn a little on your own, you wouldn't need to resort to insulting VOLUNTEERS because YOU feel INADEQUATE.

Get the loan if you want... I'm sure you'll do great.

I'm done here.

Right...again naive of me to think anyone would do anything just for the good act in itself.
I did my best for you. I examined their site and what they said, I checked into loans and amortization tables on the Internet, and I called my bank to find out what their rates would be. And I told you my conclusion is "no" for this loan.

The risk is much too high for many reasons.

So now you're talking crap at us because YOU came here asking for help and aren't happy that nobody will go through the loan process with that company to help you out? That's absurd.

You know what? You've been told what we think....so sorry I won't spend an hour on the phone with them for you, who I don't even know. So because you aren't hearing what you find acceptable...WE are the problem. Maybe if you would take the time to listen here or to even learn a little on your own, you wouldn't need to resort to insulting VOLUNTEERS because YOU feel INADEQUATE.

Get the loan if you want....I'm sure you'll do great.

I'm done here.

Sorry that you think in trying to insult you or any of you guys in here. Guess you didn't understand me too well. In just pointing out facts in black and white. I came here for help whether in advice or knowledge and again like you told you if u read it I thank you for your input. If u feel offended than that's your guilt not mine because I didn't intend to or purpose do it and if I did offend you than grow up this the world we live in. Nothing is free and you get what your worth.

I did my best for you. I examined their site and what they said, I checked into loans and amortization tables on the Internet, and I called my bank to find out what their rates would be. And I told you my conclusion is "no" for this loan.

Thank you for your time patience and effort on my behalf. I'm gratefully appreciative of it all. Seriously I am. Thanks again and I will not do this loan...

He has to go to some cancer center in Chicago to do radiation crap. They live in North Carolina
I live near Chicago. Why does he have to come all the way up here? Is his case that unusual? I know there is a world-class cancer treatment center here, but certainly there are cancer treatment centers in NC (my home state), aren't there? My radiation was $800 or so a treatment at a regular hospital, so I know it is very expensive. In any event, I wish him well.

I live near Chicago. Why does he have to come all the way up here? Is his case that unusual? I know there is a world-class cancer treatment center here, but certainly there are cancer treatment centers in NC (my home state), aren't there? My radiation was $800 or so a treatment at a regular hospital, so I know it is very expensive. In any event, I wish him well.
He is 22 suppose that's rare in itself to get colon cancer that young. Thanks for your well wish I will tell him and just so you know he was Going to UNC too. Dam oh well life and it's many curves

He is 22 suppose that's rare in itself to get colon cancer that young. Thanks for ur well wish I will tell him and just so u know he was Goin to UNC too. Dam oh well life n it's many curves
There may be financial help for him at this cancer treatment center, if it's the one I'm thinking of. Be sure to ask about that. I think they have a Ronald McDonald House for the family to stay at for free, so check on that too.

I had a boyfriend get colon cancer at 22. That was almost 40 years ago though. Anyway, he had doctors visiting him in the hospital from ALL OVER THE US because he was so young. (They concluded that he got it from his dad's clothing covered with the dust from the coke ovens at US Steel.)
He had no money. None, zilch. He had been a student but had dropped out because he didn't feel well. He made a living with a van, moving students.
I spent my spare time writing to his creditors, telling them so, and pleading for them to stop billing because it was so upsetting to him. They all stopped.
Good luck. Please don't borrow money. Get the word out to the community that he needs to get to Chicago. I hope his family is too. You are too broke to be doing this.
Hospitals have Pell grants and financial aid and financial plans. You are going about this all wrong.
As for what a lot of us know: I know that countless people have come to this site to say that they paid the 'collateral fee' and never saw a dime of the loan. I saw enough of this company's site and lack of information about them elsewhere to see that they are can't be trusted.

There may be financial help for him at this cancer treatment center, if it's the one I'm thinking of. Be sure to ask about that. I think they have a Ronald McDonald House for the family to stay at for free, so check on that too.

Thanks I will tell them

I had a boyfriend get colon cancer at 22. That was almost 40 years ago though. Anyway, he had doctors visiting him in the hospital from ALL OVER THE US because he was so young. (They concluded that he got it from his dad's clothing covered with the dust from the coke ovens at US Steel.)
He had no money. None, zilch. He had been a student but had dropped out because he didn't feel well. He made a living with a van, moving students.
I spent my spare time writing to his creditors, telling them so, and pleading for them to stop billing because it was so upsetting to him. They all stopped.
Good luck. Please don't borrow money. Get the word out to the community that he needs to get to Chicago. I hope his family is too. You are too broke to be doing this.
Hospitals have Pell grants and financial aid and financial plans. You are going about this all wrong.
As for what a lot of us know: I know that countless people have come to this site to say that they paid the 'collateral fee' and never saw a dime of the loan. I saw enough of this company's site and lack of information about them elsewhere to see that they are can't be trusted.

Thank you for sharing your story and wisdom. I know all this but when you find yourself in desperate and dire times you tend to do stupid things n make wrong decisions that's y I came here for some advice and any help to assist me in making a good decision. Thanks again for your time and story. I know that my nephew already went through surgery and they cut whatever they had to out already but they said there's still some minuscule stuff left that they couldn't risk getting or something so he will have to go do serious radiation treatment etc. hope technology and knowledge in these days and times will save him.

Unfortunately, I was scammed into this! Yep... I was desperate for a loan, and my crredit is bad, so I can't get one anywhere else. I sent them the 491 on Monday... western union... and the money was suppose to be in my account in 2 to 4 hours. It's now Wednesday... and NO money. They do actually answer when I call, and are saying they have been overwhelmed with applicants (yeah right!).. so now I'm suppose to have the money by Friday!
Anyhow... AFTER the fact, I've been doing some more research. The contract that I was sent from them, had an attachment of the "bond" company that they supposedly use. I researched the company, and they ARE legit.. so I emailed them and attached the letter that Wynn and associates had sent me with THEIR information on it... I received an email back immediately saying that they were, in no way, associated with Wynn and associates and that they reported it fraudulant and even gave me the fraud case number.
I'm sure I will not get the 491 back... so it was a very HARD lesson for me.

kelinpa32, a thousand thank yous. Let's hope the person who posted sees it, not to mention countless others in the future.

You're very welcome. I can only hope that I saved even ONE person from getting scammed! I'm a single mom... with a son graduating high school in 3 weeks. With prom, graduation party and deposits for college... I really needed the money. Now, not only did I not get the money, I'm out the last 500 I have!! I'm sick about it, and have been in tears. I just don't know what to do... or if there's even anything I CAN do at this point.

I'm sorry this happened to you... that's got to hurt. I'm hoping that things go better for you.

I just wanted to point something out... I used to fight scamming years ago and one of the most common things that point to a scam is when they want you to send them the money using Western Union. WU is a useful tool in the right cases but it can also be a terrible thing. All they need to get the money is the number... it doesn't even have to be picked up at the address you send it to. Any WU branch will hand over the money if they have the number. Most of those places don't even check ID so it could be going to anyone.

Kelinpa32, Can you kindly let us know if you receive your money on Friday? I've been researching this company also. No really liking what I've been reading. Somehow these folks got my phone number and other info from someone else but she wouldn't tell me who. The only place I applied for a loan online was Victoria Funding Solutions, which is where I'm assuming Alba (Wynn & Associates) got my info from. She never spoke of an upfront fee. She did however, mention the terms, similar to yours. $5k, 3 years, at 12% which checks out to be $166.07/ month, which is correct. But I got skeptical with her because she didn't answer my question about her source of my information. I'll check back on you, Friday. In the meantime, if I discover something else about this company, I will let everyone on here know.

Thanks

Kelinpa32, Can you kindly let us know if you receive your money on Friday? I've been researching this company also. No really liking what I've been reading. Somehow these folks got my phone number and other info from someone else but she wouldn't tell me who. The only place I applied for a loan online was Victoria Funding Solutions, which is where I'm assuming Alba (Wynn & Associates) got my info from. She never spoke of an upfront fee. She did however, mention the terms, similar to yours. $5k, 3 years, at 12% which checks out to be $166.07/ month, which is correct. But I got skeptical with her bcuz she didn't answer my question about her source of my information. I'll check back on you, Friday. In the meantime, if I discover something else about this company, I will let everyone on here know.

Thanks

If you read Kelpina's post, you will see that she says she was scammed... that she is not getting money from them but rather lost money instead.

Update... its now Thursday night... no money! After several calls every day to them... I'm more convinced now that it's a scam!

It's FRIDAY... NO MONEY... shocker! I've reported them to EVERY law enforcement agency and posted their scam on every internet site I could possibly find! Now, they will not even talk to me... wont answer any emails or return my phone calls. Just makes me sick that these people can do this and actually get away with it!

It's FRIDAY...NO MONEY...shocker!! I've reported them to EVERY law enforcement agency and posted their scam on every internet site i could possibly find!! Now, they will not even talk to me...wont answer any emails or return my phone calls. Just makes me sick that these people can do this and actually get away with it!

Sadly there are many people like this in the world. I get at least 3 calls a week from scammers, the famous "your computer has a virus, just give me remote access and I'll fix it" scam, and the even more popular "you've won a vacation, just send us $500 and it's yours" scam. At a certain point I decided that if I can't stop the calls, I'll have fun with them, and I do.

I'm so sorry you're out this money, but posting about this has saved others from the same fate. Karma works, they'll get what's coming to them, and hopefully, because of your good deed in sharing your story, you'll get what you deserve as well. Don't lose hope.

Omg These Jamaican Scammers Are Getting More Creative.. They Have Created A Fake Website N Everything With Fake Testimony From Customers.. I Pray More People Read This Site N Do Not Get Scammed Out Of There Money!

Yep... they're very good at scamming! I read all the documents that they faxed me and they truly seemed Ligit. Unfortunately, before I sent them the money, there was nothing online about them! I think I may have been one of their first victims. After the fact, I found out that they created their website just 3 weeks ago.. even though it says they've been in business since 2002! Sad thing is.. I've reported them to every authority I could and yet they are still there and still scamming people!

Reporting them will do no good as they are in Jamaica... our laws here don't apply there.

I also reported them to the Jamaican authorities but obviously they will get away with it. Hopefully people will find sites like this before sending them money! My concern now is that they have all my info... drivers license, ss#, bank account!

If someone named ivanovich contacts u about a loan he is a scam. He claims to work for paramount financial service