FAKE lender E mail those seeking private money are targets

6 Replies

Dear Jay Hinrichs,

In terms of my loan criteria, Please find my terms listed below to help guide you through

I offer a wide range financing that involves the following and many more.

a) Personal loan (unsecured) and (secured) b) Business loan (unsecured ) and (secured) c) Purchase and Rehab (100% financing) d) Debt consolidation. e) Non Asset Based Loan f) Real Estates

2) The loan duration is 3 months minimum and 20 yrs maximum.

3) Interest rate is 5% flat.

4) There is no prepayment penalty.

5) All funds transfer will be made through the bank which means the repayment and the funding of your loan.

6) A loan contract will be secured and issued for you to sign.

7) All information regarding this transaction would be treated strictly confidential.

8) The repayment of the loan will be made on a monthly. Here is another option for you, can you make a total payment of the loan both interest and capital after project has been completed? If yes then let me know.

9) A scanned copy of your valid means of ID will be required before approval will be completed, other means of verification is also considered.

10) Your full contact info and also the loan info will be needed from you. ( a loan application form would be sent)

Get back to me if you're okay with terms then you are assured of getting funded without any further delay once application process is started and completed.

Thank you Jordan Steve

See above..  First red flag  wide variety of loan products .. no private lender does that..  interest rate below bank rates no way you get that low of rate unless its a Freddie Fanny type loan.. 

Other red flag   Loan will be advance through a Bank   I mean how else would money transfer ?

you see one of these types of e mails its a phony  you will get taken and some get taken for big bucks.. 

Originally posted by @Jay Hinrichs:

Dear Jay Hinrichs,

In terms of my loan criteria, Please find my terms listed below to help guide you through

I offer a wide range financing that involves the following and many more.

a) Personal loan (unsecured) and (secured) b) Business loan (unsecured ) and (secured) c) Purchase and Rehab (100% financing) d) Debt consolidation. e) Non Asset Based Loan f) Real Estates

2) The loan duration is 3 months minimum and 20 yrs maximum.

3) Interest rate is 5% flat.

4) There is no prepayment penalty.

5) All funds transfer will be made through the bank which means the repayment and the funding of your loan.

6) A loan contract will be secured and issued for you to sign.

7) All information regarding this transaction would be treated strictly confidential.

8) The repayment of the loan will be made on a monthly. Here is another option for you, can you make a total payment of the loan both interest and capital after project has been completed? If yes then let me know.

9) A scanned copy of your valid means of ID will be required before approval will be completed, other means of verification is also considered.

10) Your full contact info and also the loan info will be needed from you. ( a loan application form would be sent)

Get back to me if you're okay with terms then you are assured of getting funded without any further delay once application process is started and completed.

Thank you Jordan Steve

See above..  First red flag  wide variety of loan products .. no private lender does that..  interest rate below bank rates no way you get that low of rate unless its a Freddie Fanny type loan.. 

Other red flag   Loan will be advance through a Bank   I mean how else would money transfer ?

you see one of these types of e mails its a phony  you will get taken and some get taken for big bucks.. 

 That's interesting. I have some information vital to that loan application. Please wire $15,000 to my offshore account and I'll happily share that information with you. :P

@Chris Mason the big one these guys get folks on is buying default insurance.. there is no default insurance for private or HML as we know.. there is only PMI for your type of loans .. this confuses borrowers and we have seen one post were someone sent about 12k up front for said insurance.

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I love reading these!  he grammar and punctuation make me want to travel back in time and slap some elementary school teachers!

...Oh wait....most of the authors of these things "ain't from round hear"

So I'm curious @Jay Hinrichs, which option did you end up going with?  I'm sure you must be spending all that money by now since "you are assured of getting funded without any further delay once application process is started and completed". ;)  

a) Personal loan (unsecured) and (secured) b) Business loan (unsecured ) and (secured) c) Purchase and Rehab (100% financing) d) Debt consolidation. e) Non Asset Based Loan f) Real Estates


Originally posted by @Kyle J.:

So I'm curious @Jay Hinrichs, which option did you end up going with?  I'm sure you must be spending all that money by now since "you are assured of getting funded without any further delay once application process is started and completed". ;)  

a) Personal loan (unsecured) and (secured) b) Business loan (unsecured ) and (secured) c) Purchase and Rehab (100% financing) d) Debt consolidation. e) Non Asset Based Loan f) Real Estates


what I don't understand is why they send me these on BP.. I never post that I am looking for money.. I just keep posting this stuff on the forum just so a someone who may not be familiar with the world of private HML stumbles on it .. I tried to get Ingrid Robinson to do a blog or pod cast with me on the subject.. She is the one who was on American Greed and took town Remington financial the mother of all advanced fee schemes..

Originally posted by @Jay Hinrichs:
Originally posted by @Kyle J.:

So I'm curious @Jay Hinrichs, which option did you end up going with?  I'm sure you must be spending all that money by now since "you are assured of getting funded without any further delay once application process is started and completed". ;)  

a) Personal loan (unsecured) and (secured) b) Business loan (unsecured ) and (secured) c) Purchase and Rehab (100% financing) d) Debt consolidation. e) Non Asset Based Loan f) Real Estates


what I don't understand is why they send me these on BP.. I never post that I am looking for money.. I just keep posting this stuff on the forum just so a someone who may not be familiar with the world of private HML stumbles on it .. I tried to get Ingrid Robinson to do a blog or pod cast with me on the subject.. She is the one who was on American Greed and took town Remington financial the mother of all advanced fee schemes..

I've actually wondered before why you seem to get a disproportionately high amount of these type of scam emails.  They obviously never read your posts because 1) they'd quickly realize you're not the type to fall for them, and 2) they'd realize you're the one actually calling out their scams and ruining their chances of scamming of other people. 

Only thing I could come up with is that you post a lot and maybe they just came across your name more often.  Who knows.  Anyway, keep up the good work and the education so others know what to look out for.  We all see plenty of other members coming on here all the time talking about getting scammed or almost getting scammed, so it's still happening.  But perhaps the more people read posts like yours the more people will start to be able to spot these scam lenders.