“Dear Steve,
I am Mary an expat in Dubai. Ive been working here for almost 7 years. I have read your advices how to get out of debt. I have loans and credit cards here but unfortunately, It came to a point that i cannot pay even the minimum dues for my credit cards that’s wny im really having pressure from the debt collectors and it is really stressful. As much as i wanted to apply for a loan or a top up loan here in dubai, to close these cards, i cant do anymore. Due to global recession, banks became stricter in their requirements especially the salary. I am just an average employee here, and my salary does not qualify anymore to any loans.
That’s why i tried to apply loan through the internet. now, I ve been communicating online to a person claiming that he and his company is a legit lender. I already send some proof of identification but im not sending any of my account details yet. Recently, he send me an email saying that my loan is approve but before sending the money to my account here, (since, lender is from ecuador) i need to pay a fee called a LOAN ORIGINATION FEE which is 1.5% of the total loan.
My question is, is there really a loan happening online?
Is there really a fee called LOAN ORIGINATION FEE?
How will i know if he is a legit lender and not a scam?
Pls. see lender’s Details:
Mr. Bill Cox
Company Name: Micro Finance Company
( Bill Financial Loan Company)
Address: N39-234 y Gaspar de Villarroel Edificio Zambrano Quito.
Country: Ecuador
Email: billcoxfinancial@mail2finance.com billcoxfinancial@yahoo.com
Mary”
Dear Mary,
Let me assure you, this is a scam. The first warning sign are the free email address that the supposed loan guy gives you to contact him on.
You are a prime scam target. You are in a bind, hunting for a loan that no legitimate lender will give you, and willing to do just about anything for a loan.
Scammers will eagerly prey on you. They will promise you a loan but will ask for some upfront fee and ask you to send it via wire transfer or Western Union.
Another tip off that this is a scam is the fact that the lender asked you only for cursory information and did not make you complete an official loan application.

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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plz i need urgent loan am in dubai diaa_nagy2003@yahoo.com
i am Mr James Donald,I am sorry to just sent you an email without your
notification..I am just a bussnessman.I offer loan to those that need loan
and willing to pay me back..If you want a loan do email me but if you know
you have any friend willing to get a loan do tell him to contact me.I mean
Copy my email don’t Click Reply to okay. Via… Email:
partnershiploanfirm02@live.com
Full Name:…………
Sex:………….
Phone:…………….
Country:………………
Contact Address:…………
Loan Duration:………….
Monthly income…………
Amount Needed as Loan:……….
Have you applied before?………..
All you need to do is copy my address and reply me with it
partnershiploanfirm02@live.com
Mr James Donald
Loan Processing Officer
Hello,
This is Mr Benedict .A private loan lender i render loan to those in
financial problem at 3% rate personal loan , loan for paying of bills, if you
have interest of taking a loan from me please contact us via E-mail: benedictfinancialloan@gmail.com
LOAN APPLICATION FORM:
Name:
Age:………
Sex:………….
Country:…….
Address:………
Occupation:……..
Monthly income:…….
Loan Amount:………
Loan duration:……..
Phone No:………. Fax:……..
Contact Name: Mr Benedict
THANKS GOD BLESS YOU.
Dear Steve,
Thank you for the advise. I m about to believe this scammer!
Keep up the good work. You dont know how much your helping people like me.
I pray that God will bless you and your family.
regards,
Mary