Direct Finance
Queja 199568 Detalles

Webste: directfinancingloans.com



Received the following e-mail after applying online for a "bad credit" personal loan:

I am pleased to notify you that your recent loan request has been conditionally approved based on our analysis of credit, employment, income, and asset information that you have provided to us.



The loan details are as follows:


Account Number: DF-993273

Loan Amount: $25,000.00

Interest Rate: 7.25%

Term: 84 Months

Monthly Payment: $380.38



I would like to take a more detailed assessment of your loan needs in order to fully qualify you for the loan amount which you have requested. Please contact me at the number below so we can further discuss the details of your financing. You have been assigned an account number. Please quote this number when you call in. Congratulations on your approval, I look forward to hearing from you.



Derek Phillips
Senior Loan Officer
Direct Finance
60 S 6th Street Ste 4001
Minneapolis, MN 55402
Tel: 1(866) 985-5355 ext 505
Email: [email protected]
Web: www.directfinancingloans.com

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A few days later, Derek did phone me to let me know the loan was approved and that I needed to open an insurance policy to secure the loan. He gave me 2 options -- 725 or 1500 dollar policies. Like an idiot, I sent back his bogus paperwork along with a voided check and paystub. For some reason, it didn't feel right, so I googled the wording of his e-mail message and it led me to scambook.com.

Facts I did gather:

- They copied their website from http://www.westralianautofinance.com.au/

- Their website has been live for less than a week and it is registered to someone in Canada

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Luckily, I placed a stop payment on my account from any ACH withdrawals from them and have reported them to the Attorney General and my local police department.

Please do not get sucked in by these people. I caught it in time.