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FINANCIAL ALLIANCE CORP

Submitted by amberreyes1979 on Wed, 02/27/2008 - 13:04
Posts: 38
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Hi,

I just got approved from this company for a loan at a 2% interest rate for a loan of 15000.00 which would help me and my family a lot due to the fact we are relocating. Has anyone heard about them.

Amber


This is a copy of the email that I recieved and I have talked to them since. They are very good at calling me back and answering my emails.

FINANCIAL ALLIANCE CORP.
5424 CARVILLE
BALTIMORE/MD
SUITE 201
21227
1-866-379-4660-0
CONGRATULATIONS!

Dear: Mr./Mrs./Ms. Amber Reyes , this letter is to inform you, that your loan application for the amount of 15.000.00 , has been approved. You may contact us toll-free at 1-866-379-4660-0 to receive your terms. Thank you. Financial Alliance inc


Submitted by amberreyes1979 on Wed, 02/27/2008 - 13:29

amberreyes1979

( Posts: 38 | Credits: )


just beware.of course they are going to be responsive now.i am willng to go out on a limb and say,once they receive your collateral they will vanish.just be wary my friend.


Submitted by paulmergel on Wed, 02/27/2008 - 13:38

paulmergel

( Posts: 15514 | Credits: )


quckley went to sight on her post.nothing asking for bank info,but nothing asking for collateral either.
i too am skeptical.


Submitted by paulmergel on Wed, 02/27/2008 - 13:47

paulmergel

( Posts: 15514 | Credits: )


i wish you would think about it for a couple of days.
i just think there is more than meets the eye.
could you pm me about how much this deposit is.
the reason being,i know someone who was a scam victim 2 years ago.i am just looking out for my peeps on the forum.so pm me that info.


Submitted by paulmergel on Wed, 02/27/2008 - 15:00

paulmergel

( Posts: 15514 | Credits: )


No they haven't sent me the loan docs yet. They said the loan docs will come after they have depositied the money in my account. They told me that the way the process goes is they get the funding from the outside source whom ever that may be and it gets deposited into their account. When they get the collateral or deposit is when the money is transferred to my account and the docs are than sent out to me. They told me that my interest rate would be 2 percent and that my monthly payments would be 169.24. for 8 years.


Submitted by amberreyes1979 on Wed, 02/27/2008 - 15:21

amberreyes1979

( Posts: 38 | Credits: )


$169.24 a month for 8 years is a total of $16,247.04..which is more like 8% ($1247.04)

2% would be just $300 on $15,000

It is $15,000 that you are wanting to borrow right?


Amber, I just dont know....I guess I am always leery of not seeing the legal documents until after the deal is done. That is a red flag for me.


Submitted by volleyballmom on Wed, 02/27/2008 - 15:38

volleyballmom

( Posts: 4143 | Credits: )


yah i completely agree with you on that one. I asked about that multiple times and she said that the lender deposits the money that is already approved and than they send me the docs. I dont know I think Im just going to say screw that and go ask my boss for a loan for the move instead. Its just not worth getting taken on my hard earned money.


Submitted by amberreyes1979 on Wed, 02/27/2008 - 15:43

amberreyes1979

( Posts: 38 | Credits: )


You have been great in opening your situation to our advice here :D And I know that the $$ is surely needed.

But depending on what it says in those documents, you could be in for a world of hurt if something happens and you cannot pay.


I hope your boss can help you...OR if you really want to push it, tell them no docs, no deal!


Submitted by volleyballmom on Wed, 02/27/2008 - 15:47

volleyballmom

( Posts: 4143 | Credits: )


I agree with volley..
you need to see those docs before you agree to anything..
I hope this is a good thing for you..but it could be a very very bad thing if you sign and agree to something you were not aware of....
I had a friend who transferred all credit balances two years ago to one card..(almost $25,000)..paperwork she fell for was quote at a minimal interest rate with a very low payment..didn't read the fine line at bottom of letter and...she ended up having to refinance her house because payment she thought was going to be less than $300 a month quoted on the phone after reading what she thought was a great money saving deal...ended up being almost $700 a month in interest alone..(this was with a reputable well known company)...she read something that was originally offered to her..called company expecting what she had in letter was the real deal..transfered all balances without getting anything in writing..got her first statement..and about had a heart attack!!!!!
please get some guarantees in writing upfront before agreeing or signing anything!


Submitted by socksfullofrocks on Wed, 02/27/2008 - 23:59

socksfullofrocks

( Posts: 488 | Credits: )


Hi, I was recently approved by a loan also from them. for only 5000.00. I was kinda wondering myself and wanted to know if you ever got your loan from them and what happened? please let me know. i'm very skeptical myself and need information before doing this loan asap. thank you ...


Submitted by on Tue, 03/04/2008 - 08:50

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you saw our thoughts.anybody who asks for upfront money,and won't give loan docs until after said money is given,is a scam do not do it.


Submitted by paulmergel on Tue, 03/04/2008 - 09:00

paulmergel

( Posts: 15514 | Credits: )


[color=Red][size=6]FINANCIAL ALLIANCE CORP IS A SCAM!!! ANY LOAN THAT REQUIRES THAT PAY MONEY UP FRONT IS A SCAM!!!!
YOU WILL NOT GET THE LOAN, AND YOU WILL NOT GET YOUR MONEY BACK!!!
[/color][/size]


Submitted by on Wed, 03/12/2008 - 09:03

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Not all companies that do business this way are scams...for instance, I received my funding from First Financial, and it seems they have almost the same program


Submitted by on Thu, 09/04/2008 - 06:09

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i just read a storey on ripoffreport.com ref this company it seems all of there lenders are out of canada rip off city dont bother with this company for a loan


Submitted by on Sun, 11/23/2008 - 17:15

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Are there any financial corporations that do lend money up to $10,000 that isn't a scam. I had a lending company called Calyx Financial Corp but cannot find out any information online if it is a scam or not. They are asking for me to give the 1st and last pmt and another $250 for a deposit as well. Cannot be found on BBB or any other scammer websites. What do you guys think and if you know a credible lender that is safe? Thanks


Submitted by on Wed, 08/29/2012 - 16:01

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