Question

WELCOME LOANS!! scam!?

after receiving endless calls and emails regarding my APPROVED application from Welcome Loans, i sent off the forms (which claimed after doing so i would recieve the loan in full within 5 working days) along with the admin fee... after this the calls and emails STOPPED... there is a phone number to call them which is an automated voice which simply tells you to use their website for information before saying 'this call is now being terminated', i have sent endless emails and not heard anything!!.... thieving excuse for a company!!!

3 years ago - 6 answers

Best Answer

Chosen by Asker

I'm sorry you fell victim to this scam, but unfortunately, it is a pretty widespread internet scam. Lots of companies run similar schemes. Think about it--how could they have "approved' your loan if they didn't already have your information?

The main idea is to walk away with that admin fee. But if they also have your personal info, like your Social Security number and maybe the name of your bank, they may also be engaged in Identity Theft. They may try to empty your bank account, charge stuff to your credit cards, or even apply for loans from other lenders using your ID.

You need to tell *all* of your banks, credit cards, etc. to watch for suspicious activity. And you should also contact the Attorney General's office for your state. I doubt that they can get your money back, but it's worth a shot.

Again, I am so sorry to hear that you've become a victim. These thieves count on people who have a trusting nature. But now you need to act fast. Put a hold on every account you can. Banks and card issuers will understand your situation. Unfortunately, it is far too common. I wish you well.

Source(s):

3 years ago

Other Answers

Yeah its most likely a scam. Be careful with the internet. Now you know.

by Nathan Goytia - 3 years ago

Any reputable loan company will NOT charge you a fee...ever!

Lesson learned...

by BungalowMo - 3 years ago

This is not a scam as you have paid nothing and so have not in any way been cheated

by Ed Fox - 3 years ago

Just googled and found this on the, another victim of theirs.


This so called company is an absolute SCAM. I foolishley agreed for them to act as a broker mid august and agreed they could take their fee on the 20th of the month, soon after & before that date I realised what they were. I tried calling them to cancel, but they never answered their phone, I contacted my bank & they suggested I transferred my money to my savings account so that they wouldn't be able to take my money. All was well, or so I thought. As I had heard nothing from them I pressumed that was the end of it. I have just recieved my latest bank statment & found out they took my money on the 2nd September instead, I didn't realise as like I said I never heard anymore from them, so if they were acting for me, where are the loan application details etc. They obviously were happy to take my money but do absolutley nothing for it. Today I tried to ring them and to my utter shock they actually answered my call, however as soon as I told them what I was calling about they became unbelievably abbusive and hung up on me, I called again and was treated to the same abuse as I was asking for my money back. I asked for their FSA details to which they refused to give to me, I asked for the advisors name and was told Lulu, then Ann then it was Lucy ( it was the same person each time I rang) I could'nt believe the way she spoke to me, I quote "who do you think you are, asking for our details", "only an idiot would use our service, why didn't you just use your bank, oh, you can't get a loan from them can you, ha ha" They even threatand me with being reported for harrasment as I had to keep ringing as they kept hanging up on me! I didn't swear or even rasie my voice, which in all fairness I would have felt entitled too, espescially with all the abuse I recieved and the fact they stole £60 off me! They are obviously a total con, like I've said they took money off me (without permission) 2 months ago and I had heard no more from them, when I challenged them they became incredibly rude & obviously had no intention of defending themselves to try to prove that they are anything but complete CON ARTISTS, do not have anything to do with these utter scum

Read more: I applied for a loan with a company Welcome Loans UK. They told me they had secured aloan for me and a fee of £59 would be charged Scam? Ax | Answerbag www.answerbag.co.uk/q_view/2198543#...

Source(s)

by George Lovegod Carter - 3 years ago

Making a scammer's scam googlable on every scam-warner-anti-fraud-busting site you can find is a great way to slow that scammer down when a suspicious potential victim goes looking for information, finds your post containing the name the scammer is using, his email address, phone number and the emails themselves and then that potential victim does not become a scam victim because you took the time "get the word out".

Wasting a scammer's time legally and safely is called "scambaiting". If you google that word, you will find sites where you can read scambaits, post up the emails and email addresses of scammers, post up a fake website, read up on how to alert a hosting company that they are hosting a fake website, ask questions and learn all about the hobby of scambaiting.

Source(s)

by Buffy Staffordshire - 3 years ago