Some customers have actually reported phony loan companies calling them and demanding re payment about this style of card.

Some customers have actually reported phony loan companies calling them and demanding re payment about this style of card.

ABC News Fixer hears from guy consumed by higher level charge loan scheme.

10, 2014 Dear ABC News Fixer: I was trying to obtain a payday loan june. The web loan provider instructed us to deliver them a Green Dot MoneyPak card with $195 onto it for insurance coverage to secure the mortgage, they might place the funds entirely on the card. We asked them why they couldn’t simply deposit the mortgage cash into my banking account, however the financing agent stated it had been against federal laws. Therefore, i obtained the card and scratched from the true quantity in the straight straight back and read it to him within the phone. The funds were said by him could be for sale in a half hour.

Twenty mins later on, he called as well as stated my Social Security quantity ended up being “red flagged” and also the cash couldn’t be delivered. He stated he could take away the flag” that is“red $500 a figure that their attorney later on lowered to $203. When this occurs, we stated i needed my $195 straight back, then again they threatened to sue me for the total amount of this loan financing we never received. Continue Reading Some customers have actually reported phony loan companies calling them and demanding re payment about this style of card.