Still continued to call until i call police on the called them the number was un traceable and one number they called from was outside the country. I have been getting these same calls for a month.
They have even went so far as to tell me the name they are calling me is the correct name and I have never had the last name they are addressing me as. They call my daughter-in-laws and personal loan to buy shares them that I borrowed money and didn't pay it back. When I talk with the the man never would address himself and neither would the woman. Tonight he left the message with my daughter-in-law and told her that his name was Justin Jones.
When I asked him where this loan waas suppose to have come from he told me that it was with a Cash Advance. Third time I have busted this group of scammers, they did not know that I do deal with this company and you can not get a loan from them online in our state. The first company they told me was CashNet USA, of course I contacted them and got proof that I did not owe them and they had not called me. The personal loan to buy shares company was Advance America and that is Cash Advance's aka.
Beware of balloon payments. If you have fallen behind on your payments, and face foreclosure, some lenders will offer personal loan to buy shares lower your monthly payments. Look carefully at the terms of the loan. The payments may be lower because you may be paying only the interest on the loan.
At the end of the loan term, you will be asked to pay the entire amount you borrowed, due in one lump sum. This is called a balloon payment and often results in the loss of your home. Beware of high-LTV loans. Some lenders offer high loan-to-value products.
This often means that you get a home equity loan that puts you in debt above the value of your home (i. if the combined debt of your mortgage plus your home equity loan surpasses the value of your home).
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