Loan or Credit company scam
Posted on: Mon, 01/28/2008 - 05:48
Loan or Credit company scam
Hi!
This one happened to my mom. She got talked into investing in a small creditMoney loaned or the ability of an individual or company to borrow money. or loan business. Well, turned out the business was a dud and when my mom tried to get something form the debtors, they won't even talk to her. She filed a case in court but it's not moving since she really has no evidence. :(
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The problem with something like this is that it's not really a scamA confidence game or other fraudulent scheme, especially for making a quick profit; . Investing in a new company gives you no guarantees of getting your money back or increasing your investment. No investment does that. Well, if one does, then it is a scam I guess. I think this is more of a learning experience.
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