Someone called me this morning from Investors Plus

Most of the lenders who claim an upfront fee don't appear to be reliable. Be careful about it. Check the papers of agreement before you pay to them.

This company is not listed with BBB, nor is it with bad business bureau. Hope some other members of this board could offer more info.

Bryan, Thank you for the info. I will definitely ask for the papers before sending them any money. There are so many scams out there.

moyers3,

Whatever you do...do not send these people any money up front. There are several people on this forum that have been scammed like this...including myself. My mother is a loan officer at a bank, and confirmed what many others on this site have said "no legit company will ever ask for money up front, and never agree to anything without a signed contract. I got a contract, but ended up trusting these people (Allied Mutual Brokers) and lost $2500 to them.

Please, please, please....Do not send them any money.

This company most likely needs to be added to the list of scams.They keep changing the name,because people are calling them out to quickly.If they ask you to send money by Western Union or Money Gram,then they are a scam,no doubt about it.Tell them that you have a friend that lives in Colorado and you will send them with the money,see if they give you the address,they probaly wont since they arent really there.Sorry but there are not easy loans out there if you credit is not good.Unless you have money to throw away dont send it.None of the other scams listed on this website were listed with the BBB at first.Once word got out and many got scamed,they were reported by those people.If this company is just another name for one of these crooks,it will be added soon enough.

It's true that these companies keep changing their names, so it is difficult to fix them. What we can do, make people aware of the fact. I'm sure that these scammers won't be able to stand once mass-awareness comes around.

[quote=2pinacoladas]no legit company will ever ask for money up front, and never agree to anything without a signed contract[/quote]
We have to spread these words as quick as possible, let's start it from now - 1.2..3...

They called me this morning (9/25/05) and I never applied to them either. I applied with someone else also. The lady that called had a foreighn accent and wanted me to call her back at 1-876-477-2200. I called back and got a voice mail. I think they're crooks, but I'm interested in what they have to say.

Hi jack,

I think these companies have a great network, that's why once one company gets our info, it's circulated to all the others and we get unsolicited calls with lots of offers.

Quote:

Thanks to all for your information about these loan companies. I know now not to send them any money. I sure can't afford to lose money on these scams. Here we are trying to get a loan and these companies just take more money from us. I wish I could find a legitimate loan company that could help!

I have to share this eveyone here I have done business with allied mutual for over five year now never had to worrie about the founds of my loan so I do not see why so many are saying bad things about them . this a great way to get a loan I have passed it to many of people and they have noting but good to say about allied mutual . this all seem to be a place where people who did not get a loan like they wantfrom them they turn and say bad things about them . So a word to all that are trying to get a loan give it a try and see for your self what happens befor you jump on the wagon with eveyone . thank you

These people are a scam... which is funny because they had a website where I applied for $40k loan, they called me and gave me 3 options colateral, a co-signer, or insurance policy for $1200.00

The funny thing is I have a felony conviction that even if they try to steal mi identity, they are not going to like what they find ... not to mention I'm so far in debt right now they wouldn't want me.

BTW - they are in Jamaica -- (876) 419-3417 -- also what they don't know is I'm a Network Administrator for an Internet Security Firm .... next stop -- secret service. :D

WOW! I really appreciate your info about this company. They gave me the same 3 options, but since I only requested a $5K loan, the fee they asked for was only $600. But I'm very glad I didn't send it to them! I would love to see these scammers caught and punished!

I was also called by Investors plus from Jamaca, a man named Mark keeps calling me, and saying that I was approved for a 5000 dollar loan, now I would love to have that money but why the heck would I pay them 540 dollars to get a loan, if I had 540 dollars I would not need a loan, They are crazy and they need to be stopped. Thanks for the insight into all of this. I am glad I did not send them any money.

They have called me at least 8 times in a week. They wanted $350.00 from me for $5000.00 loan. I did not send them anything nor did I return their calls. They also wanted drivers license, soc. sec. card as well as pay stub. I was recently scammed by another company and I agree that they are all in this together. The person calling me was named Steve Randall and he also had a foreign accent.

Advanced fee loans don't seem to be good Susan. Lot of people are scammed everyday, so be careful. Also never disclose your personal information and bank account details to anybody you don't know.

Thank you for the information. I had a friend who was going to go ahead and pay the "insurance" money for 20K loan and I was able to show her this information and change her mind. She was intially upset at losing the loan but eventually thankful she hadn't lost her money.

Hi Stacy

Your friend might feel hurt of not able to meet the cash emergencies but she will definitely feel a lot better when she will realize that she saved herself from being scammed. You also have done a good job by guiding her to the right direction.

We will spread the word across and this will definitely help to shut down such scam companies.

do not send them money. My phoney loan broker called herself Camille Chambers. But later turned up as another by the name of Mrs. Roberts. I lost $1,080.00 plus the $89.00 Western Union Fee. I also did not apply to allied mutual they called me. Wonder how these scammers get our info? Through hacking these systems or is it possbile that people on the inside of the legt. loan companies sell our data to these creeps for a fee once they know we were turned down by legit loan co.? I have also reported this company all over and the general feeling is we were scammed and we will never see our money again. Nothing anybody can really do but pass the word. I love on one of these forums that there is always 1 person that says how good the company is.Wonder who they work for?

These advance loan companies use multiple names in doing business. Also they have different phone numbers specifically for inbound and outbound calls. These companies are not listed in the government bureaus and have lots of complaints against them.

All these points clearly emphasize the illegal lines of their business. So, proper research should be done before getting scammed later.

I've never heard of Investors Plus but, if it were me I would NEVER send money to a company I never heard of. I also would never send a company money for them to send me a loan.

I too received a call from this company, they have also emailed me the paperwork. I do not understand why the fee for this insurance has to be paid upfront. I will not send them any money. I was told by the representative, after I asked why the fee upfront that they had been scammed by borrowers who would not pay fee for insurance after they received the loan proceeds. Can Anyone verify that these people are running a scam?

veryconcerned

A legitimate company will not charge upfront fees while giving a loan. If you send money to them, they will instantly pick it up and the loan will not be credited to your account.

You need to be a little cautious when you get calls from such companies and a proper research will help you in knowing their shady business.

Regards
Roxette

This company is a scam. I was contacted and after a couple of calls was told that I was approved for $8000. After three weeks of going back and forth with them (yes, I am stupid, I paid $800) they finally told me the loan had been recalled. I was desperate! Now I am even more desperate. I have a friend who was on vacation in Jamaica, she told me the address on the paperwork was a Western Union office. Beware! I have been bombarding them with faxes and calls ... hope they like that!

Cathy

Learn this that no legitimate company will ask for money upfront before the loan gets deposited in your account.

I am sorry about the thing that has happened with you and if you would have known it earlier, you would not have thrown your money to these scammers.

File your complaints at the FTC, BBB and the state attorney general office so that speedy actions can be taken against them.

Boy, Oh boy, I got scammed big time. I applied for a $300,000 with the first company listed and was contacted by Mark Mills. He told me the same thing about the three options to obtain this loan. I had to pay $3000 for the $300000 loan for "insurance" policy in case I died, lost my job etc. I also paid a "border" tax. I started this venture 10/19/05 and last heard from them 10/31/05. I filed a complaint with the FBI dealing with internet fraud. I am going to fax a letter to the other two companies and see what happens. Needless to say, I've learned my lesson. All I want is either my loan or my money returned.

Thomas,

Welcome to the forums.

Learn this lesson, no loan company that is doing legitimate business will ask for money upfront. Once you have filled the application form, your file is reviewed and if you qualify for it, the amount is deposited in your checking account. There might be a processing fee or some other related fees in it.

You will have to pay monthly installments and no upfront fees only after the loan is deposited in your account.

Any company that asks for money upfront before the amount is deposited in your account is perhaps doing some shady business. Get all the paperwork done and read the terms and conditions before the loan is put in your account.

Regards
Roxette

This so called company is the biggest scam.....but stupid me I fell for it and payed them. I really needed the cash so for whatever stupid reason I dished up $1100 and sent it to Jamiaca to an Omar Sales via Western Union. Sonya Dickson was my representative. I hope that at least one person reads this and changes their mind about trying to get a loan from these people.
Sincerley, a really pissed off dude.

Language edited for better view - Mike

Hi bry guy

I like many others can understand your pain. All I can say is that do proper researches before you approach any loan company. Check them in the BBB website and see if they have any consumer complaints against them.

Also, no legitimate company will ask for money upfront. It is illegal if they are charging before depositing the loan amount.

Hope that you feel stronger in the future.

Regards
Roxette

Now I have a company calling me and telling me they will pay the "upfront" fee and deduct it from the loan proceeds. They will send me a check, and I will endorse it and send it back (or probably they will want me to cash it and send another check.) anyone heard of this twist?

Cathy, tell the company to send you the loan agreement which will list your monthly installments and other taxes. You will like to go through the loan agreement and put your signature on it.

Also, tell them to advance only the loan amount through cashier's check. You will also pay back the money through check. There should be no upfront fee attached to it. If they are agreeing to the terms and conditions, it should be given a thought.

What I want to say is that the scammers will stop doing business when they will realize that we all are getting informed on how to handle the loan accounts and that also in a proper and legal way. They will never call you.