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Loan Scams


I've decided to include at least one article that completely embarrasses me. It reveals how stupid I once was. The following horror story happened to me:

I got taken by a loan scam in 1996. I found the opportunity in a nationwide magazine called 'the Nickle Ads'. Basically the ad said if I sent 200 bucks I could get a loan for 5000. I talked to the company on the phone. They had office noises in the background with other people taking orders. They answered all kinds of questions. It sounded like a huge corporation when I talked to them. I was young. It was my first (and last) scam. Even worse, I sent them a money order. What a dummy!

I never heard another word from them.  I got scammed. Aaaargh! But that's not all!

The following week there was yet another advertisement right next to the spot where the scam had appeared in the Nickle Ads the week before. It said: "If you got involved with that nasty loan scam, please call the following telephone number so that we may help you retrieve your money". I swallowed my pride and I called a number that appeared in the ad.

When I called the number (It was a 900 number) I was charged 40 dollars for being put on hold by a really nice lady. She told me that the scam was set up by a group in Cananda. They had stolen over 100,000 dollars from people all over the United States. I was put on hold again to wait for an 'advisor'. Well, insult to injury, burnt again! It turned out that the 900 helpline was also a scam put out by the same company.

I remember the afternoon that I discovered this. I could not decide if I should laugh or cry. Finally I burst out laughing. I swore to learn all I cold about business scams. It suddenly became quite funny and I started my great adventure in business opportunity seeking and scam busting.

BSA gives loan scams two sculls, because I lost around 200 dollars.

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The ecurrency exchange merchant opportunity is not really a "get-rich-quick" program which is why we gave it our five star rating.

 If you have any questions please visit our ecurrency website called http://www.ecurrency.tv and join our mentoring group where you will avoid the pitfalls that we spent years collectively learning. Call us at 608-254-7070 and ask to speak to Leroy, Russell or Jean. Leroy runs our Ecurrency Merchant Exchange business full time.



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