Licensing Numbers
“They had licensing numbers, their tax numbers … they sent us their loan papers, and we were able to sign them online, like digitally sign them,” recalled Nathan who thought that the company had all these facilities to make it easier for the people to get the loan.
The Wait
“Everything looked on the up and up,” explained Nathan. But soon after he enrolled his information on the company’s website, things will start to change. Minutes, after he clicked on the submit tab, he received a confirmation mail from the company.
Never Ending Time
The confirmation mail read like they’ll be receiving the loan amount within next couple of hours which max to max can get extended from four to six hours. The whole night passed and it was time for Madison to return from work but there was no money in their account yet. That’s when Nathan got the first feeling that wasn’t right.
Calling Hours…
Nathan waited for the calling hours to start to call and check what was the matter. He thought it was some technical glitch that was the reason for this delay. Not even in his nightmares, he thought that this whole thing was a trap and with every action, he was getting deeper into it.
Provide “Further Collateral”
The Donovans were told the surprising logic from the other side of the phone. According to the representative the couple was supposed to pay around $600 to the company as “further collateral” and that wasn’t all.
Loan Insurance
As if this “$600 shock” wasn’t enough for them that the representative went on explaining how the couple also needed to apply for loan insurance. Well, it might have looked like they had an option to take a step back but it wasn’t that easy at all. Wondering how?