I applied for a secured loan with millennium loans and they are askin for a insurance deposit of $700.00 does?

any one have any feedback? is this correct!!

Answers:
This happened to me as well, I spoke with a girl named Jamie Shelborn and she told me I needed to put down $850.00 before the loan would be transferred. The address on her cheesy Microsoft word "formal approval letter" listed:

Millennium Loans
15700 W. Ten Mile Road Suite 209
Southfiled, MI 48075
toll: 800-892-0385
fax: 313-447-2066

What a joke..STAY FAR FAR AWAY
RUN. its a scam
Don't fall for it. It's not legit.
Never (ever) pay a "fee" to get a loan. It's the number one identifier of scams.

my Advice: Don't deal with anyone from a foreign country and never use wire transfer services..
Mr.Blue is right. If they are asking for a fee then chances are very good they are not a legitamate company. Run don't walk...
ANY legitimate lender that required insurance would deduct the premium from the loan proceeds. If they want you to send them money under ANY name, the 'loan' is a SCAM.
SCAM!!

The Secured Loan information post by website user , LoanSecuredLoan.com not guarantee correctness.


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