Comments on: Is Loan Aid Inc. a scam?

By: ROM38

ROM38 — Sun, 16 Nov 2008 19:08:42 +0000

It is a scam…. You should never have to dish out money to secure a loan especially in the amount she is asking for. I was scammed out of $1800.00 and now I have the authorities involved. Please be very careful, try to get a loan from your bank or American General Finance.

Best of Luck to you!

By: king_mich2003

king_mich2003 — Sat, 15 Nov 2008 01:39:33 +0000

I am in the same situation. Received a call from Linda Barnes stating that I was approved for a $5,000 loan but would have to pay $850 to secure the loan by purchasing Loan Protection Insurance through SafeCo Insurance Company. The loan disclosure that Linda emailed to me appears to be legitimate however, I was still apprehensive so Linda emailed me a guarantee statement from herself, the Senior Loan Officer, The Financial Advisor, and a guarantee letter from Someone from Safeco guaranteeing me that the funds would be deposited into my checking account. However, the money to secure the loan would have to be wired via Money Gram or Western Union.
Really not sure if they are legit or not, wish I could help you more but I know I cannot afford to loose $850 to a scam. Their web site is

By: John Loves Jenn

John Loves Jenn — Wed, 12 Nov 2008 07:09:00 +0000

yes
————————————-
I’m posting this to warn you and others on yahoo! abt Loan scams.
Beware of Advance fee Loan scams.
LOAN SCAM - Do Not Pay UpFront Fees.
Do not send money UpFront via Western Union or MoneyGram to any person

or business in the UK, Nigeria or Canada in hopes of getting a loan. If

you do you will learn a hard lesson & never see any Loan money.

Remember, if it sounds too good
to be true, it probably is! NEVER give out your personal information to

strangers online! Always be on guard.
As a general rule - ANYTHING involving Werstern Union = Scam.
Please be aware. You have been warned!

By: Wayne Z

Wayne Z — Mon, 10 Nov 2008 17:53:41 +0000

It’s a scam.

No lender requires a fee upfront.

If you pay the $1250, you will never hear from “Linda” again. I am guessing that “Linda” is not her real name. “She” is probably a he and he is a scammer operating out of an internet cafe in Nigeria.

By: Bettee62

Bettee62 — Sun, 09 Nov 2008 13:59:34 +0000

SOUNDS LIKE A SCAM. LOOK FOR STUDENT LOANS AT YOUR SCHOOL. THE REQUEST FOR MONEY FROM YOU IS NUTS.

By: TheMom

TheMom — Thu, 06 Nov 2008 21:04:24 +0000

You are going to do business with a “bank” via email? Are you insane? Seriously, this is a really bad move and it is not legitimate. Banks do not randomly call people out of the blue and they do not do business on the telephone and email.

I tried to look her up with the Better Business Bureau, but there are no businesses related to that phone number. They keep records of all businesses, members or not.

You are likley dealing with someone over seas, here is another thread on them, which actually has their webside, on a freebie site, not a regular host.

By: Judy

Judy — Tue, 04 Nov 2008 20:52:37 +0000

If you have $1250 you want to just hand over to a scammer, go ahead. But when you are asked for money up front, it’s a scam - if it were a legit fee, why couldn’t they just take it out of your loan proceeds? Did you ask her that? Think about it.

By: Shauna

Shauna — Mon, 03 Nov 2008 03:59:36 +0000

I don’t think you are supposed to pay a security fee to get a loan. People applying for loans do it because they need the money !!! I know I wouldn’t have that kind of money just laying around. And if I did, I wouldn’t be asking for a loan !!!

Contact other loan agencies that you know are legit, and see if they require a “security fee” I think you will find your answers if you research it fully.

By: Rascal5

Rascal5 — Sun, 02 Nov 2008 05:28:13 +0000

I would never trust anyone that calls you from a loan company. Sometimes all they want is your inside info!! Ask your parents what they recommend or your local bank.

By: beachlover

beachlover — Thu, 30 Oct 2008 21:08:32 +0000

sounds fishy!! i’d avoid it

By: psychobilly_phreakout

psychobilly_phreakout — Tue, 28 Oct 2008 09:45:10 +0000

Send Linda all your money…then file for bankruptcy.