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Rescue One Says I Am Pre-Qualified for a Loan. Is That a Scam? – Michael

Written by Steve Rhode

“Dear Steve,

I AM RETIRED LIVING MOSTLY ON SOCIAL SECURITY. I USE TO WORK PART TIME, 20 HOURS A WEEK, DO NOT ANYMORE. I HAVE AN RV, TRYING TO SELL HOUSE AND GO FULL TIME RVing. Mike

I RECEIVED A FLYER IN THE MAIL THAT I AM PRE-QUALIFIED UP TO $45,000 WITH RESCUE ONE. (Fixed monthly payment) respond by March 29th, 2013. IS THIS A LEGITAMENT COMPANY TO DEAL WITH AND HOW WOULD I KNOW, WHOM WOULD BE BEST TO CONSOLIDATE WITH BESIDES THE BANK?

Michael”

Drive Carefully

Dear Michael,

I previously wrote about a Rescue One mailer claiming people were eligible for unsecured loans. See Rescue One Financial Still Sending Disturbing Mailer.

There are a number of concerns about the Rescue One mailer. The last time I checked they were not a licensed lender in California. And the most common feedback I hear from consumers is they think they are getting a loan but the salesperson will call the next day and say they did not qualify and now need to consider a debt settlement program.

You might want to read Alleged Former Employee Speaks Out About Rescue One Financial Loan Offers.

I would recommend that anyone considering using such a company should read the following fee guides.

  1. The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
  2. How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off

There are straight peer-to-peer lenders out there like LendingClub.com that if you are rejected for a loan you would not be sold an alternative product.

Ultimately it’s you call on what to do.

I would be most appreciative if you would upload a copy of your mailer for me to review. You can upload it here.

Bonus Video Answer

Please post your responses and follow-up messages to me on this in the comments section below.

Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

11 Comments

  • All I do is get letter after letter after letter from these people I can’t get them to leave me alone they steal my money and send me letters. I know what kind of people they are they are terrible and black-hearted. Stop stealing my money!

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