Winchester, Virginia
7.3K views 147 comments
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Like most people, I'm working on consolidating some of my debt into one monthly payment that I can handle. I continue to get phone calls at my house daily from creditors wanting me to apply for their credit cards, loans, etc. I always ask them not to call anymore and hang up.

The other day, I received some documents in the mail that was advertising Discover personal loans to preferred customers. They said I had earned a 5.0 Superior credit rating based on my great financial history. They offered loans from 5K to 25K. I chose to try for the 20K loan, which would pay off my vehicle and all my credit cards for $321 a month. Not a bad deal for me.

So, I call the 800 number and go through the whole process of giving name, addres, SSN, income info, etc. She placed me on hold while my credit report was analyzed. She then comes back to the line about 1-2 minutes later and says that unfortunately she cannot approve my loan request. WTF??

I have a 731 credit score and never paid a bill late. I do have high debt, but it always gets paid on time. My issue is why send out these letters telling people that they are "pre-approved" for these loans and then deny them when they actually try to get one?? I have a Discover credit card and am seriously thinking about transferring the blance and closing the account because of this.

Review about: Bad Loans.

Review #139175 is a subjective opinion of a user.

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Anonymous
#1151033
I got the letter in the mail today, I applied through phone as it was much easier for me. I got approved for a 3.5k personal loan to consolidate my credit card debt. I was at 19.99% and they gave me 11.99% for 36 month term and that's with a 720 credit score. No hassle at all the first guy we somehow got disconnected and I followed up with another who was very great to talk to. I kept getting denied by other lenders but guess this one was the right one!
mccart
#931505
I live in usa and life is worth living comfortably for me and my family now and really have never seen goodness shown to me this much in my life as I am a mother who struggles with three children and I have been going through a problem as seriously as my husband found a terrible accident last two weeks, and the doctors states that he needs to undergo a delicate surgery for him to be able to walk again and I could not pay the bills, then your surgery went to the bank to borrow and reject me saying that I have no credit card, from there i run to my father and he was not able to help, then when I was browsing through yahoo answers and i came across a loan lender MR TONY HARTON, offering loans at affordable interest rate and i have been hearing about so many scams on the internet but at this my desperate situation, I had no choice but to give it an attempt and surprisingly it was all like a dream, I got a loan of $ 50,000 and I paid for my husband surgery and thank God today is good and you can walk and is working and the burden is longer so much on me more and we can feed well and my family is happy today and i said to myself that I will mourn aloud in the world of the wonders of God to me through this lender GOD fearing MR TONY HARTON and I would advise anyone in genuine and serious need of loan to contact this God-fearing man on financialhome34@outlook.com through .. and I want you all to pray for this man for me
Thanks
Mr Scott Utah
Chicago, Illinois, United States #907614

It really is teeming with scams on the internet, really not normal. In one week I lost 500usd for payments. I had inquiries made ??at Dandy Cash.com
came just disappointed. I would recommend anyone to advertise on the site.I've only tried it a different website, and when I had finally found someone
who was still honest (scott_utah308@hotmail.com) Because he asked me in advance, but doubted he could give evidence and so I took the risk anyway
and I was able to borrow from him. 30000usd,please don't email anybody said to be a loan lender in this website because they are all scams,they
disappoint me and run away with my 500usd,Mr Scott Utah is the only one i trust because he gave me the loan i needed,,please do not email anyone in this website because they are scams they pretend to be loan lenders they rip people of their hard earned money the USA Attorney General Of Police are searching for this guys in the internet right now so don't email this guys please they will rip you off like they did to me..
Anonymous
Phil Campbell, Alabama, United States #816704
I received the same mailing but it does NOT say "pre-approved", it says pre-selected...
Ho
#795745
They advertise to apply for a loan with Discover Personal Loans and then when you call you must have an invitation only. I had an account with them before, and you would think that they would allow me to have another loan, but they said invitation only. It must have to be an exclusive person to get a loan with them.
Cooper Wiltz
Usak, Usak, Turkey #721730
This is to inform you of a government approved loan lending company which has the interest of those who are able to meet up with their financial requirements of life. This company just came into existence and it is ready to give loan to any individual or company that need a loan to pay back for a time interval of five (5) years and at interest rate of 3%. Also no matter the amount of money applied for will be sent to your personal bank account within the period of three (3) working days after application and there is also no hidden charges
You are advised to take advantage of this opportunity. For loan application send a request to us cooper. loanfirm2013@gmail.com and you will be sent an official application form to fill out

Warm regards
Cooper Wiltz
C.E.O
Anonymous
to Cooper Wiltz Honey Grove, Texas, United States #1226460
Send to jerry.lamoore@gmail.com
mark john
#688585

Hello

Are you in search of a legit loan?Tired of Seeking Loans and
Mortgages? Have you been turned down by your banks ?
Then your financial trauma is over We Offer ALL KINDS OF LOANS from
$3,000.00 Min. to $10,000,000.00 Max.at 3% interest rate.We are
certified and trustworthy. we can help you with financial
assistance.if interested do get back to us via email
(markjohnfinance@yahoo.com) with this information :

Applicant name:
Country:
Full address:
Phone number:
Amount needed:
Loan Duration:
Have you apply for a loan before???
Technomom
Oklahoma City, Oklahoma, United States #680369
So you are mad because you didn't get approved? This is not a legitamate review. It's pure BS. I had no problem getting approved. Perhaps you should check you credit report.
REV HARRY OSCAR
#671452
ST MARTINS CHURCH LOAN SERVICE
===============================
Is specialized in providing loans, Since money have been a major problem in our day today life,
We provide loan with 2% interest rate Our loans are well insured and maximum security is our
priority. ST MARTINS CHURCH LOAN SERVICE is a UK based loan firm with lending license.
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Are you in need of urgent loan to clear your bill, start a business, ST MARTINS CHURCH LOAN
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$1,000 to $50,000,000.

Email:.. stmartinsloanservice@gmail.com
THANKS AND REGARDS
REV HARRY OSCAR

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