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How legit is Cronin Finance from Ohio?
I was guaranteed a $10,000.00 loan but first must pay $800 insurance fee. I got my loan papers in hand but am questioning the insurance fee. In Finances Asked by Alan Wa... Age : 35 4 Answers
Alan Wa...
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1 month ago
1 month left to answer
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Not at all. I wish I had seen your post before I stupidly sent them $987. They are now operation out of Decatur, GA and just took me to the cleaners. I needed to get my car from inpound (nice car too) due to my middle son racking up $1000 worth of parking tickets and hiding them from me. I was also going to use to money to make up the tuition shortfall for youngest son's college. Now I am going to lose my car and I have to tell baby boy that he may have to take the fall semester off. They are being investigated, but they will just start this crap up again in another city with some other dessperate folks. Answered by fourthgirlAge : 49 1 month ago Report Abuse Edit Delete Add comments |
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DO NOT DO THIS. I have experienced this same issue with this company I have gotten the fbi involved and they are really looking into this scam. If I am lucky I might get my money back but I am not counting on it. Answered by jjpellettAge : 42 1 month ago Report Abuse Edit Delete Add comments |
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If you send the $800. You will never see it again. Have experienced this scam and lost out. The issue is "insurance fee". If it was legit, they would take the "insurance fee" out of the loan proceeds. What would happen is that first you make the payment, then, they come back with a "we have a problem with your credit and as a result, we need another fee to further insure your debt". Or, there will be another story about, "government action freezing the accounts of the underwriter", or some other B.S. Answered by Trww2Age : 50 1 month ago Report Abuse Edit Delete Add comments |
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The issue here is not whether they are legit but can you get a loan somewhere else without having to pay an insurance fee.I suggest you shop around for better terms where an upfront fee is not required and the terms of the loan are reasonable. It just doesn't make sense unless you have very poor credit scores. Answered by webmasterAge : 44 1 month ago Report Abuse Edit Delete Add comments |
