Is Loan Aid Inc. a scam?

After looking for a loan online, I be contacted by Linda Barnes from Loan Aid Inc., phone number 1-866-821-8501 ext 2. She told me I be guaranteed for $10,000 at a 7% interest rate to be remunerated over a 2 year occupancy for $447.27/mo, or a 4 year residence at $239.00/mo. But to "insure" my loan, I own to earnings a $1250.00 payment charge. She said she would be emailing me adjectives the documents to teem out.

Answers:
It is a scam. You should never hold to dish out money to protected a loan especially contained by the amount she is asking for. I be scammed out of $1800.00 and very soon I hold the authorities involved. Please be totally alert, try to attain a loan from your ridge or American General Finance.

Best of Luck to you!
Send Linda adjectives your money...next folder for collapse.
sounds fishy!! i'd avoid it
I would never trust anyone that call you from a loan company. Sometimes adjectives they want is your inside info!! Ask your parents what they recommend or your local edge.
I don't reason you are supposed to recompense a surety charge to win a loan. People applying for loans do it because they have need of the money ! I know I wouldn't enjoy that open-handed of money a short time ago lay around. And if I did, I wouldn't be asking for a loan !

Contact other loan agencies that you know are legit, and see if they require a "protection fee" I deem you will find your answers if you research it fully.
If you own $1250 you want to purely foot over to a scammer, budge ahead. But when you are asked for money up front, it's a scam - if it be a legit payment, why couldn't they lately hold it out of your loan proceeds? Did you ask her that? Think just about it.
You are going to do business next to a "bank" via email? Are you insane? Seriously, this is a really desperate move and it is not legal. Banks do not fitfully phone call those out of the blue and they do not do business on the touchtone phone and email.

I tried to look her up near the Better Business Bureau, but nearby are no businesses related to that phone number. They maintain store of adjectives businesses, member or not.

You are likley dealing near someone over sea, here is another thread on them, which in truth have their webside, on a freebie site, not a regular host.
SOUNDS LIKE A SCAM. LOOK FOR STUDENT LOANS AT YOUR SCHOOL. THE REQUEST FOR MONEY FROM YOU IS NUTS.
It's a scam.

No lender requires a allowance upfront.

If you wage the $1250, you will never hear from "Linda" again. I am guessing that "Linda" is not her unadulterated dub. "She" is probably a he and he is a scammer operating out of an internet cafe in Nigeria.
yes
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I'm posting this to caution you and others on yahoo! abt Loan scam.
Beware of Advance tax Loan scam.
LOAN SCAM - Do Not Pay UpFront Fees.
Do not convey money UpFront via Western Union or MoneyGram to any soul

or business in the UK, Nigeria or Canada in hopes of getting a loan. If

you do you will swot up a not easy lesson & never see any Loan money.

Remember, if it sounds too good
to be true, it probably is! NEVER make available out your personal information to

strangers online! Always be on guard.
As a common rule - ANYTHING involving Werstern Union = Scam.
Please be aware. You hold be warn!
I am in duplicate situation. Received a hail as from Linda Barnes stating that I be approved for a $5,000 loan but would hold to salary $850 to protected the loan by purchasing Loan Protection Insurance through SafeCo Insurance Company. The loan disclosure that Linda emailed to me appears to be lawful however, I be still apprehensive so Linda emailed me a guarantee statement from herself, the Senior Loan Officer, The Financial Advisor, and a guarantee missive from Someone from Safeco guaranteeing me that the funds would be deposited into my checking rationalization. However, the money to protected the loan would hold to be wired via Money Gram or Western Union.
Really not sure if they are legit or not, desire I could minister to you more but I know I cannot afford to loose $850 to a scam. Their network site is www.loanaidinc.com


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