Total money lost $2,325
Type of a scam Advance Fee Loan
I have received a text saying I could get a loan and since I was declined for a mortgage I decided to go for it. I signed a”contract” and had to pay 1% of the loan for the amount of 930.00. After that I was told that the loan exceeds 50000.00, I have to pay a insurance of 1.5%, which came out to 1395.00. Then I was sent a password and a link to the “investments credit union”. I went and tried to transfer the money into my account it didn’t work so I contacted the lender and he checked into it. The bank locked the account because apparently I tried several times to transfer (which I did not) so now I have to pay 4350.00 to unlock the account. That’s when I realize that something was not right.