- Report: #1037137
Report - Rebuttal - Arbitrate
Complaint Review: Instaloan
InstaloanInternet United States of America
Instaloan Scam , Internet
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I called back and asked for Mark Brown, but was told he was "in a meeting" but Mike Oliver could help me. I told Mike that I had decided to take the $10,000 loan. I gave him my banking information so the money could be direct deposited. He explained that the rest of my application procecss would take a couple hours, and that I needed to show proof of first month's payment.
He said I needed to go to Walgreens, purchase a Vanilla Reload Network card for $3.95, load $300 on the card then call him. I would give him the refernce number on the card and he would send that information to the Credit Bureau to "monitor" my funds and finish my approval. I said that sounded fishy, because the credit bureau didn't monitor cash funds. I also asked what would stop him from stealing my $300 and he replied, that his company had been business for 12 years and had no reason to steal.
I told him that I would need time to go to Walgreens and would call back later. I then google'd the company and found negative reviews sounding exactly like my experience.
This place sounds like a scam, I am cancelling my bank acct and never talking with them agan.
This report was posted on Ripoff Report on 03/22/2013 02:15 PM and is a permanent record located here: http://www.ripoffreport.com/r/Instaloan/internet/Instaloan-Scam-Internet-1037137. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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