This is what I got from John Waddell at loandirectltd.com This website does not work.
What do you think?
"You should carefully review the terms of the loan, before you agree on proceeding with the loan process.
...Here is the TERMS AND CONDITION review and get back to me immediately.
{1} The applicant will start the repayment of loan at the end of every month starting from 6 months after loan has been transferred, the loan is charged at 3% interest rate.
{2} Failure to pay back the loan at this expected date/period, legal actions will be taken against the applicant by our attorney immediately.
{3} Applicant who is unable to meet with the repayment will be given 2 weeks more as a grace period before legal actions will be taken.
{4} Note: As soon as you in agreement with the terms and condition below your loan will be approved by the governmental body so as the loan papers can be processed.
{5} Note: The borrower will be responsible for the loan processing/documentation fee and this is the only fee expected to pay for this transaction to have your loan transferred to you as soon as possible, NOTE: This payment will not be deducted or added to the loan IT IS PAID UPFRONT $1075.00.
* Your inability to pay or agree to the payment of the upfront fee, means you are incompetent of repaying the loan. It is the only fee attached to the loan process and it shows your commitment in paying the loan at the agreed period.
{6} Full Early Settlement:
* If you want to pay off the entire loan early, you must request a settlement quotation from us. We will confirm to you in writing the amount required to settle your loan in full. This settlement quotation is valid for twenty eight days from the date you request it.
* Your settlement quotation will include interest up to and including this date. In addition, in accordance with the regulations made under the Consumer Credit Act, if your loan term is greater than 12 months you will pay an additional 30 days interest. If you decide to settle your loan we must receive the amount detailed in the settlement quotation by the stated date.
{7}. Our right to demand earlier payment:
* We may demand immediate and full repayment of your loan if:
*. You gave us false or incorrect information when you applied for the loan; or
* You are more than fourteen days overdue with any amount you owe us..
* If you fall behind with your repayments we may pass information about the amount you owe to a credit reference agency. Credit reference agencies record this information and companies may use it to assess any future loan/credit applications you might make. This may affect your ability to get credit. In light of the above explanations, The information below vividly illustrates the repayment schedule for the loan.
MONTHLY LOAN REPAYMENT PLAN
* Loan Balance: $325,000.00
* Loan Interest Rate : 3%
* Loan Term: 20 Years
* Monthly Loan Payment: $1,802.44
* Number of Payments: 240
* Total Interest Paid: $107,586.13
* Total of 240 Payments: $432,586.13
NOTE: The monthly loan payment was calculated at 240 payments of $1,802.44
In good fate, If you fully agree to the terms ,condition and repayment plan you will get back to us with a scan copy of any form of id card for verification because your loan is undergoing approval by the board of directors in and a positive result will be out soon,you will be approve of your loan after finding all information are genuine if otherwise you will be declined of your loan so applicant are advise to provide real information for easy approval of loan to them.
... Please email me your valid ID card for identification before we proceed further.
Awaiting your swift response immediately.
Thank You.
