[Ibsimneej]

Has anyone heard if this company to see if they're legit? They want a collateral fee of $490 before I can get the $5000 loan. How do I find out if they're real and legit?

[Curlyben]

Smells like a SCAM.
A $490 fee is 10%!!

[Ibsimneej]

Smells like a SCAM.
A $490 fee is 10% !!!

They say its collateral and once paid I won't have to pay my monthly fee until September because this $490 will be applied until than?

[joypulv]

I know nothing about Quicken Loans other than that they win the award every year (Price Waterhouse?) for best loans.

I doubt that you will ever see the 5K that claims to be in business since 2002 and has clients worldwide, yet I can find no reviews of them at all. That usually means they just started, and probably start anew every few months under new names.

They are based in Jamaica. Who will you complain to when you lose your fee?

[Wondergirl]

I just looked at their lovely web site. What interest rate would you be paying?

[Ibsimneej]

I just looked at their lovely web site. What interest rate would you be paying?

11%
U try it and If its good let me know? :)

[Wondergirl]

And what happens if you miss a payment?

[Ibsimneej]

11%
U try it and If its good let me know? :)

The good thing is their giving me 3 yrs to pay it back and that sounds so good and tempting

[Wondergirl]

The good thing is their giving me 3 yrs to pay it back and that sounds so good and tempting

Did you figure out how much interest you will be paying over three years' time?

[joypulv]

What good is 'tempting' if you never see the 5K? You WON'T.

[Ibsimneej]

And what happens if you miss a payment?

They even sent me a contract but and it explains some or If not all in there but I'm just not comfortable with the advance collateral fee but like I said feel free to try it and PLEASE let me know the results ASAP

[odinn7]

What will your monthly payments be?

[odinn7]

They even sent me a contract but and it explains some or If not all in there but I'm just not comfortable with the advance collateral fee but like I said feel free to try it and PLEASE let me know the results ASAP

So you want one of us to try it? You are saying we need to apply for a loan through them and let you know how it goes? Yeah, I don't think so.

[joypulv]

If you actually think someone here is going to 'try it' and let you know, you shouldn't be borrowing money online PERIOD. You are naïve and gullible. PLEASE save your money. What is so urgent?

[J_9]

Paying money to get money is a red flag.

[Wondergirl]

If you miss a payment, the usual thing they do is increase the interest rate. Is that mentioned in your contract?

Like J_9 said, having to pay money to get the loan is a huge red flag.

[Ibsimneej]

Did you figure out how much interest you will be paying over three years' time?

All I know is I will be paying like a monthly fee of $164 so what about an 11% annual rate and after three yrs I would have only paid almost $900. This sounds too good to be true right

[Wondergirl]

All I know is I will be paying like a monthly fee of $164 so what about an 11% annual rate and after three yrs I would have only paid almost $900. This sounds too good to be true right

If you miss a payment, then what?

[Ibsimneej]

All I know is I will be paying like a monthly fee of $164 so what about an 11% annual rate and after three yrs I would have only paid almost $900. This sounds too good to be true right

If I miss a payment there is a 9% of the payment not to exceed $75

[Ibsimneej]

If I miss a payment there is a 9% of the payment not to exceed $75

Their supposedly even insured by an insurance co call CHJ