The truth about hard-money loans

Costs, terms often more onerous than conventional mortgages

By Inman News Feed
Add Comment Add Comment | Comments: 58 | Posted Mar. 26, 2013

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I am not advocating getting the lowest bid all the time. You get what you pay for, and sometimes it would make sense -- in the board's judgment -- to use a higher bidder. But obviously, if you have only one bid, you can't go either higher or lower.

And there are situations where there is only one company in town that can do the job for you. In that case, the board cannot get more bids. If that's the situation, then the board should document these facts and send a note to all owners about why it is not getting multiple bids.

Communication, in my opinion, resolves most, if not all, problems. Lack of communication, on the other hand, creates distrust and fights.

In your case, the board might want to retroactively get another bid just to satisfy its members -- and you -- that the current price is in the ballpark. Realistically, however, I doubt that any contractor would want to waste time preparing a bid knowing that it will never be accepted.

DEAR BENNY: Congress started removing some financial hazards of default when it enacted a law that temporarily waives the income tax on mortgage debt that is canceled when a homeowner is foreclosed upon, sells a home for less than the remaining debt (a short sale), or gets a loan modification that reduces the principal balance. The tax waiver originally applied only to debt on a primary residence canceled in 2007, 2008 or 2009. Last month, in the bailout bill, Congress extended the waiver until 2013.

Say you lived in your house as a primary residence from 2005-2007. Then because of economic hardships you rented out your house to a tenant in 2008 in order to pay the mortgage. If you are foreclosed on or do a short sale in 2009, do you still get the income tax waiver on mortgage debt that is canceled?

I already know of at least several people in my situation ... before all these federal bailouts occurred in 2008, the only real economic recourse for saving their homes was to rent out their primary residences to tenants. But because of continuing declines in the value of the homes, many would just want to foreclose but aren't sure if the tax waiver on foreclosures applies since the home is no longer their primary residence. --Kevin

DEAR KEVIN: You sent me this email a couple of years ago, and I did not get a chance to use your question. However, it now becomes timely, because when Congress enacted (on Jan. 2, 2013) the American Taxpayer Relief Act, it extended the law you are discussing through Dec. 31, 2013.

In general, as strange as it may seem, if your mortgage debt is canceled by way of a short sale, foreclosure or loan modification, the Internal Revenue Service calls this income and you have to pay tax on it. We call it "phantom income."

However, as you stated, Congress was concerned about this and in 2007, enacted the Mortgage Forgiveness Debt Relief Act. Oversimplified, if the debt that was canceled involved your principal home, up to $2 million of forgiven debt is eligible for exclusion ($1 million if married filing separately), i.e., you don't have to pay any tax on the money you did not get. That law was to have expired at the end of 2012, but, as mentioned above, has now been extended through the end of this year.

However, this must be your principal residence. In your example, if you moved out and rented, for whatever reason, I am concerned that this is no longer your main home. Presumably, you declared the rental income on your tax returns, and even may have taken depreciation. So the IRS would not look kindly on your claim that this is your principal residence.

It's not fair, but neither is the phantom income tax.

Benny L. Kass is a practicing attorney in Washington, D.C., and Maryland. No legal relationship is created by this column. Questions for this column can be submitted to benny@inman.com.

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COMMENTS

Comments 1 - 58 of 58
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1. Anonymous said... on Jun 13, 2013 at 10:42PM

“Dear Benny: I'm a new real estate investor and I'm looking for good creditable hard money lenders. Can you recommend any?”

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2. Charmcaster said... on Jul 16, 2013 at 01:35AM

“Hard money loans? There are people who thinks it easy to cope with this kind of loan. For me, one that should be considered as hard money loan is the 401(K) loan where many of us suffered in paying for it. Despite 401(k) loans making good financial sense in theory, the number of 401(k) loan defaults is still much higher than normal. A number of people have trouble paying them back once they borrow from their retirement funds. If you need some financial help, get a payday loan.”

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3. Does your business need funding said... on Oct 12, 2013 at 05:39PM


I Mr Nicholas Williams own a legitimate loan company that offer out reliable good loan offer at an affordable low interest rate of 3% for the period of 1 to 30yrs only ,i issue out different types of loan ,loan such as personal loan student loan company business loan private and public investor loan so for more details if interested reach us via email:nicholasloanagencys@gmail.com

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4. Nacho said... on Nov 11, 2013 at 12:19AM

“There are lots of hard money loans. It seems like there's nothing but not so great news going around nowadays, but then again a ton of it is down to the press just fear-mongering again because it gets ratings. Anyway, there is something to give some people hope, specifically if they have retirement anxiety. A number of reports revealed that 401(k) plans are beginning to make cash again, after years of stagnation. You can get a cash advance to pay for things while waiting for your retirement account to go up.

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5. Monty said... on Nov 13, 2013 at 06:17PM

“Hard money loans are designed for investors - commercial
Consider a bank that may charge 6% for short term loan for distressed property and hard money that charges 12-14%. You are paying for the "availability of capital' at a premium. A good deal should support such and its usually less than a partner.

Equity investors often take 25-50% of a development, so hard money if used as bridge (most 6 months to 2 years) is a very useful tool

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6. bot said... on Nov 27, 2013 at 05:59PM

“trying to find hard money lender”

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7. darr said... on Nov 27, 2013 at 06:05PM

“trying to find a hard money lender that lend in Sharon hill, Pa that will do a rate & term 1yr the borrow has good credit”

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8. inAmust said... on Nov 28, 2013 at 03:10AM

“People usually turns into hard money loans if they don't have any choice. As an example, after you move to a new place, you never know what your utilities will really cost you until you get that first bill. You may have been anticipating a fifty dollar bill and end up with a two hundred dollar bill. You can pay for the unexpected additional expenses with a payday loan. You would not wish to be late on your first bill. Get more information here

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9. Abe said... on Jan 23, 2014 at 09:58AM

“In response to a few people asking for a credible hard money lender. I have worked with White Glass Lending (http://www.whiteglasslending.com). They have an indepth vetting process that keeps them from taking loans that will default (apparently they don't like loan-to-own). But if they give you a loan, it helps to validate that the property has good investment potential. Hope this helps,

Abe”

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10. Anonymous said... on Mar 12, 2014 at 02:42AM

“Hello everyone?
My name is Mrs Shirley I live here in USA and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of 10,000.00 dollars to start my life all over as i am a single mother with 2 kids I met this honest and GOD fearing woman loan lender that help me with a loan of 10,000.00 dollars, she is a GOD fearing woman, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Shirley that refer you to her contact lady lopez via email: Ladylopezloaninstitute@gmail.com
thanks and God Bless
Mrs Shirley”

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11. VA Lender said... on Apr 7, 2014 at 02:12PM

“As with anything, there are positives and negatives to each hard money lender. A good one will provide much more than just capital, they have expert local knowledge, a network of experts across related areas (e.g. architects, permit expediters, etc.) and a great feel for project success. For example, on in Washington DC and Northern Virginia is: www.congressionalcapitalva.com”

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12. Bernard Butty said... on May 21, 2014 at 01:16PM

“We offer fresh cut bank instrument for lease, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and others. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options. This offer is opened to both those and corporate bodies.
We are RWA ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact us via email:

All relevant business information will be provided upon request.
If Interested kindly contact me via Email:~
Mr. Bernard butty
Email: leasebutty.bg@gmail.com
skype: butty.bernard”

Report Violation

13. james said... on May 27, 2014 at 01:13AM


Hello,i am Mr James Louis, a private
loan lender who
gives life time opportunity loans.
Do you need an urgent loan to clear your
debts or you need a capital loan to improve
your business?
have you been rejected by
banks and other financial agencies? Do you
need a consolidation loan or a mortgage?
search no more as we are here to make all
your financial problems a thing of the past.
We loan funds out to individuals
in need of financial assistance, that have a
bad credit or in need of money
to pay bills,to invest on business at a
rate of 3%.I want to use this medium to
inform you
that we render reliable and beneficiary
assistance and will be willing to offer you a
loan.So email us today on :
Scottloancompany10@gmail.com

Report Violation

14. James white said... on Jun 11, 2014 at 08:25PM

“Do you need a loan to start up a business, here is the right opportunity for you.
we offer all kinds of loan like Car Loan, business loan, education loan,
venture capital,home loan, etc.we offer our loan at a low interest rate of 2%.
If interested contact us on this EMAIL:jameswhiteloanfirm@hotmail.com with the following
details:

1). Full Names:
2). Country:
3). State:
4). City:
5). Address of Applicant:
6). Telephone Number:
7). Gender:
8). Marital Status:
9). Occupation:
10). Monthly Income:
11). Loan Amount:
12). Loan Duration:
13). Purpose Of Loan:

EMAIL:jameswhiteloanfirm@hotmail.com”

Report Violation

15. Hard money loan said... on Jun 26, 2014 at 07:35AM

“I guess the main truth of hard money loan is that hard money loan is a kind of loan which can be obtained without credit and income information. And the another hard truth is that it can be obtained earlier than any other conventional lenders and banks. If anyone interested in hard money loan and wanted to get loan from hard money lenders then I will recommended you to contact with Lending Universe In. because you can find out over 10000 verified hard money lenders to lend you money. Here are also over 17000 verified appraisers to evaluate your property accurately so that you can get maximum amount as loan.”

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16. mrs Lily brown said... on Jun 30, 2014 at 09:19AM

“Hello,

Here comes an Affordable loan that will change your life for ever,
I am Mrs Lily Brown a certified loan lender, I offer loan to
individual and public sector that are in need of financial Assistance
in a low interest rate of 2%. Bad credit acceptable,The Terms and
Conditions are very simple and considerate.You will never regret
anything in this loan transaction because i will make you smile.

I Mrs Lily Brown, will render the best of my services to all
legitimate borrowers.You will never be disappointed by me in this
transaction because you were not born to be a loser.Any interested
clients should contact me Asap via Email(mrslilybrownco9@gmail.com)
for further proceeds.



Please fill the below application form and get back if interested and
you will be glad of knowing a loan lender like Mrs Lily Brown.

BORROWER'S DATA

1)Full Names:
2)Country:
3)address:
4)State:
5)Sex:
6)Marital Status:
7)Occupation:
8)Phone Number:
10)Monthly income:
11)Next of Kin:
12)Loan Amount Needed:
13)Loan Duration:
14)Purpose of Loan:

As soon as you fill the form above, I will send you my loan Terms And
Conditions Asap in order for us to proceed.

I will be looking forward to hear from you so as to proceed.
With Regards,”

Report Violation

17. Julian Smith Loan Service said... on Jun 30, 2014 at 06:52PM

“Do you need Business or Personal Loan?
Do you wish to refinance your company?
Our company is based in United States and Europe. We give out loan to any individual and company at 3% interest rate yearly. with no upfront fee. We offer this types of loans and much more:

* Personal Loans
* Business Loans
* Consolidation Loans (ETC) if interested contact us at: juliansmiths2014@hotmail.com or call (302)348-9749 for more”

Report Violation

18. mrs Lily brown said... on Jul 10, 2014 at 12:43AM

“Hello,

Here comes an Affordable loan that will change your life for ever,
I am Mrs Lily Brown a certified loan lender, I offer loan to
individual and public sector that are in need of financial Assistance
in a low interest rate of 2%. Bad credit acceptable,The Terms and
Conditions are very simple and considerate.You will never regret
anything in this loan transaction because i will make you smile.

I Mrs Lily Brown, will render the best of my services to all
legitimate borrowers.You will never be disappointed by me in this
transaction because you were not born to be a loser.Any interested
clients should contact me Asap via Email(mrslilybrownco9@gmail.com)
for further proceeds.

Please fill the below application form and get back if interested and
you will be glad of knowing a loan lender like Mr Manson Parker.

BORROWER'S DATA

1)Full Names:
2)Country:
3)address:
4)State:
5)Sex:
6)Marital Status:
7)Occupation:
8)Phone Number:
10)Monthly income:
11)Next of Kin:
12)Loan Amount Needed:
13)Loan Duration:
14)Purpose of Loan:

As soon as you fill the form above, I will send you my loan Terms And
Conditions Asap in order for us to proceed.

I will be looking forward to hear from you so as to proceed.
With Regards,

Report Violation

19. Ashfaq said... on Jul 14, 2014 at 07:48AM

“Dear Sir/Ma,

We deliver leased BG/SBLC, fresh cut issuance by HSBC Bank London or Hong

Kong to your Organization or individuals with their preferred text verbiage

approved by your bank as a standard ICC formats (Appendix A) and its

Unconditionally Transferrable, Assignable, Callable and Authentication

Verifiable bank to bank. Our terms and procedures are so flexible and

workable by RWA clients who can use our instrument for viable business

transactions, i.e., cash back facilities, Credit enhancement, PPP and

project funding, real estate, construction etc.

Note that our BG/SBLC instrument is specifically for lease and our leasing

price is 5 2 depending on your particular area of usage as our provider

deals direct with top bank executives who has bestowed an unquantifiable

trust in him having carried out large volumes of transactions with them in

the past and at present.

DESCRIPTION OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)

2. Total Face Value: Euro .1 M MIN and Euro 5B MAX

3. Issuing Bank: HSBC London/Hong Kong

4. Age: One Year, One Day (extendable allowed)


5. Leasing Price: 5% of Face Value plus 2% commission fees to brokers to be

shared 50/50 between the brokers on both lessor/lessee side


6. Delivery SWIFT TO SWIFT

7. Payment: Wire Transfer

8. Hard Copy: Bonded Courier within three banking days


Subsequently you are required to supply your full contact details (i.e.)

Telephone number:

Email address

Financial Instrument Required:

Amount:

Duration:

Beneficiary's Name:


This will enable us commence immediate procedural step that will enhance a

smooth conclusion of your transaction and to relate your

commitment/seriousness to our able provider who on the other hand has no

time for time wasters or unprofessional individuals or organization with

complexity.


Upon receipt of your response, we shall direct you to our provider who will

supply you with all the needed information to secure BG/SBLC, however its

important you call me for further discussion relating to the refundable

transmission fees required for transmitting MT799 follow by MT760 as you

might be aware that the queue for financial instrument with HSBC is so

enormous and as a result the only way to attend to your file request is

that the fees are paid through the fund providers, also this will shows how

serious a client is (RWA), hence this is done after DOA is been signed

between the lessee and the lessor and a corporate undertaking letter issued

to guarantee fulfillment of the obligation as deem imputed in the contract.



Finally I will assure you of our total commitment to achieving this

transaction as I always look forward to doing more business with you in

future

Contact me via email:bgsblc.forlease@gmail.com,businessfundinginvestments08@gmail.com
Skype ..ashfaqahmedforyou..

Thanks serious clients only no time waster”

Report Violation

20. Lonrenzo said... on Jul 14, 2014 at 10:30AM


Our company is an endorsed mandate of some investors from Arabian Origin with lots of funds. We can

deliver bank papers/Instruments (BG/SBLC/MTN) without an upfront Wire Transfer into provider's account.

We only want clients with ready funds for successful closure of the transaction and also they must be

ready to show the proof of his funds. Interested clients should send an email to

fundinvesmtents55@gmail.com ASAP as we have a lot of interested clients on our table. We don’t

appreciate a long broker chains.

Regards,
Moroni Lorenzo

Report Violation

21. Anonymous said... on Jul 14, 2014 at 01:18PM


My Name Is March Peyton From USA, An X-Scam Victim and how i get back on my feet and be a personal business owner with cars and landed properties….
This is to announce to the general public about a legitimate lender online.
HERE IS MY SUCCESS STORY:
I was in a critical search of a genuine loan lending company were i can obtain a loan of $180,000.00USD some lender’s that Came to me sheep clothing i never knew they where fraud until i was given the terms of their loan and i agreed eventually i was scammed they scammed me of my hard earn money up to four lender’s that scammed me the sum of 60,000.00USD and i thought that all is over that there can never be any other genuine lender until my Husband’s Friend Mr. Robbert Aurar the general manager of busst and busst company told me that there is a genuine lender that he obtained a loan of 2.5 Million Dollars At 3% interest rate From that makes him own a private business and a house of his own he Referred me to a company
D & G FINANCIAL PARTNER SERVICES LIMITED E-mail: ultimateloaninstitute@outlook.com
Where he obtained the loan of ($2.5 million Dollars) i told them who referred me to them i applied for a loan of $250,000.00USD after my application and i sent to them the useful information for them to process my loan after 4hours i received a notification From their company that my loan has been approved and processed in the next 4hours my loan of $250,000.00 Dollars was transferred into my account. And i promise them for coming to my rescue i am going to spreed the good news to the entire world ABOUT D & G FINANCIAL LOAN
COMPANY IS THE BEST IN THE WORLD.
And tell them, i Mr March Peyton, referred you to them and your wish will be fulfilled…
Mr March Peyton,

Report Violation

22. Mrs Flora said... on Jul 15, 2014 at 05:01AM

“Hello Viewers am Mrs Flora am a widow form UK and has been looking for a loan now for 2months but has been scammed several times until a day i was searching through the Google i found this email on how this company helped a woman who was looking for a loan and i was really impressed in the company so i contacted the company and i gave them all my details i needed a loan of 30000POUNDS they gave me the loan without any cost so contact the company if you need a loan now this is their email... standardbankloanfirm1@gmail.com contact them for you to get a loan.”

Report Violation

23. john pack said... on Jul 15, 2014 at 07:37PM

“Welcome to John Pack Loan Service
Company (A Personalized Service for All Your Financial Needs) We, John Pack Loan Service Providers offers
loan at a very low interest rate of 2%, we offer Personal loans, Debt Consolidation Loan, Venture Capital,
Business Loan, Educational Loan, Home Loan, and Loan for any reason and urgent needs!. with a maximum duration of 20 years. Have you been turned down by your bank? Do you
have bad credit? Do you have unpaid bills? Are you in debt? Do you need to set up a business? Worry no more as we are here to offer you a low interest
loan. Our loan ranges from $2,000-USD to $50, 000,000.00. We also lend in USA DOLLARS EURO and POUNDS !!
FORWARDED TO THIS EMAIL: john_funds@yahoo.com
* Full Name:.........
* Age:.........
* Gender ..........
* Address:.........
* State:.........
* Country:.........
* Loan Amount Needed:.........
* Purpose of loan:.........
* Loan Duration:.........
* Date of birth (dd-mm-dd):........
*Sex:.........
* Marital status:.........
*”

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24. Vildan said... on Jul 18, 2014 at 01:47AM

“Dear Sir/ma

We are direct providers of Fresh Cut BG, SBLC and MTN which are
specifically for lease, our bank instrument can be engage in PPP Trading,
Discounting, signature project(s) such as Aviation, Agriculture, Petroleum,
Telecommunication, construction of Dams, Bridges, Real Estate and all kind
of projects. We do not have any broker chain in our offer or get involved
in chauffer driven offers. We deliver with time and precision as sethforth
in the agreement. Our terms and Conditions are reasonable, below is our
instrument description.

DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG/SBLC)(Appendix A)
2. Total Face Value: Eur 10M MIN and Eur 5B MAX (Five Billion USD).
3. Issuing Bank: HSBC, London or Deutsche Bank Frankfurt or any Top 25 WEB
4. Age: One Year, One Day
5. Leasing Price: 5.5% of Face Value plus 2% commission fees to brokers.
6. Delivery: SWIFT TO SWIFT.
7. Payment: MT-103.
8. Hard Copy: Bonded Courier within 7 banking days.

Please share the information”

Report Violation

25. Mrs Flora said... on Jul 18, 2014 at 02:12AM

“Hello Viewers am Mrs Flora am a widow form UK and has been looking for a
loan now for 2months but has been scammed several times until a day i was
searching through the Google i found this email on how this company helped
a woman who was looking for a loan and i was really impressed in the
company so i contacted the company and i gave them all my details i needed
a loan of 30000POUNDS they gave me the loan without any cost so contact the
company if you need a loan now this is their email...
standardbankloanfirm1@gmail.com contact them for you to get a loan.

Report Violation

26. arvin1 said... on Jul 21, 2014 at 11:33PM

“We offer fresh cut bank instrument for lease/sale, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and other. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options and we also discount/monetize BG's.
This offer is open to both individuals and corporate bodies.
If in need of our services, contact me for detail information.
Thank you,

Mr.Arvin Baileigh
email:arvinbaileigh23@gmail.com


Report Violation

27. Clara Andrews said... on Jul 22, 2014 at 03:34AM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.


Email:olsenloancompany@gmail.com”

Report Violation

28. Clara Andrews said... on Jul 22, 2014 at 03:34AM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.


Email:olsenloancompany@gmail.com”

Report Violation

29. Ezzatollah Kianersi said... on Jul 23, 2014 at 09:45AM

“Dear Sir/Ma Good Day,

My name is Mr. Ezzatollah Kianersi, I would like to let you know that we provide Financial Instrument (BG/SBLC) Convert Into Funds Through Your Bank or Secure Your Loan With BG/SBLC As Collateral through your Banks as well okay. This is the details you will need below:

We have direct providers of Financial Instrument (BG/SBLC) Convert Into Funds Through Your Bank. Our bank instrument can be engaged in PPP Trading, Discounting, Signature Project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, Construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer neither do we get involved in chauffer driven offers. We deliver with time and precision as set forth in our agreement. Our terms and Conditions are reasonable, below is our instrument description.

DESCRIPTION OF INSTRUMENTS: 1. Instrument: Bank Guarantee (BG/SBLC) 2. Total Face Value: Min of 1M Euro/USD (One Million Euro/USD) to Max of 5B Euro/USD (Five Billion Euro/USD). 3. Issuing Bank: HSBC, London or Deutsche Bank Frankfurt or 08:17 3/6 4. Age: One Year, One Day 5. Leasing Price: 5.0% of Face Value plus (0.5 X)% commission fees to brokers. 6. Delivery: Bank to Bank SWIFT. 7.Payment: MT-103. 8. Hard Copy: Bonded Courier within 7 banking days.

Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected.

If Interested kindly contact me via Email:~ Mr. Ezzatollah Kianersi........ Email: (bgsblc.kianersi@gmail.com)

My Skype ID is ..................: bgsblc.kianersi

Looking Towards Your Response Soonest,
Best Regards.
Kianersi”

Report Violation

30. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

31. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

32. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

33. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

34. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

35. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

36. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

37. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

38. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

39. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

40. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

41. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

42. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

43. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

44. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

45. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

46. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

47. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

48. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

49. Clara Andrews said... on Jul 24, 2014 at 06:51PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

50. Anonymous said... on Jul 24, 2014 at 07:14PM

“Hello
I am Mrs Clara Andrews by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $45,000 and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy, contact them now.
Email:olsenloancompany@gmail.com”

Report Violation

51. lauren travis said... on Jul 25, 2014 at 10:35AM

“HOW I GOT MY LOAN FROM A GENUINE LOAN LENDER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Hello everyone!!!

My name is MRS LAUREN TRAVIS A CITIZEN of USA. i have been scammed by 3 different Internet international lender, they all promise to give me a loan after making me pay several fees which yield nothing and amounted to no positive result. i lost my hard earn money and it was a total of 10,000USD. One day as i was browsing through the internet with tears on my eye i came across a testimony of man who was also scammed and eventually got linked to a legit loan company called ALVAROLOANCOMPANY where he finally got his loan, so i decided to contact the same loan company and then told them my story on how i have been scammed by 3 different lenders who did nothing but to course me more pain. I explain to the company by mail and all they told me was to cry no more because i will get my loan in their company and also i have made the right choice of contacting them. i filled the loan application form and proceeded with all that was requested of me and I was given a loan amount of $85,000 Dollars by this great Company (ALVAROLOANCOMPANY} managed by Mr.ALVARO AMARANTO and here i am today happy because ALVAROLOANCOMPANY has given me a loan so i made a vow to my self that i will keep testifying on the internet on how i got my loan. Do you need a loan urgently kindly and quickly contact ALVAROLOANCOMPANY now for your loan via email:ALVAROLOANCOMPANY@yahoo.com

Thank You All For Your Understanding.
Mrs.laurel Travis”

Report Violation

52. smith swanson said... on Jul 25, 2014 at 07:21PM

“Mein Name smith swanson, ich bin ein privater Kreditgeber, die aus geben
Darlehen an Privat-und Firmen Individuen. Haben Sie sich eingeschaltet wurde
von so vielen Banken? Sie brauchen Finanzmittel, um Ihr Unternehmen zu etablieren? tun
Sie finanzieren für den Ausbau Ihres Geschäfts benötigen? Oder benötigen Sie eine
persönlichen Kredit?. kontaktieren Sie uns jetzt :: smithswanson63@gmail.com

KREdItNEHmER DATA FORM

1) Ihr Name:
2) SEX:
3) Ihr Land:
4) Ihre Tätigkeit:
5) IHR FAMILIENSTAND:
6) Telefonnummer:
7) Monatliches Einkommen:
8) ADRESSE:
9) ZIEL:
10) Darlehen beantragen:
11) Dauer der Ausleihe:

kontaktieren Sie uns jetzt :: smithswanson63@gmail.com
freundliche Grüße
Herr smith swanson”

Report Violation

53. smith swanson said... on Jul 25, 2014 at 07:24PM

“Mein Name smith swanson, ich bin ein privater Kreditgeber, die aus geben
Darlehen an Privat-und Firmen Individuen. Haben Sie sich eingeschaltet wurde
von so vielen Banken? Sie brauchen Finanzmittel, um Ihr Unternehmen zu etablieren? tun
Sie finanzieren für den Ausbau Ihres Geschäfts benötigen? Oder benötigen Sie eine
persönlichen Kredit?. kontaktieren Sie uns jetzt :: smithswanson63@gmail.com

KREdItNEHmER DATA FORM

1) Ihr Name:
2) SEX:
3) Ihr Land:
4) Ihre Tätigkeit:
5) IHR FAMILIENSTAND:
6) Telefonnummer:
7) Monatliches Einkommen:
8) ADRESSE:
9) ZIEL:
10) Darlehen beantragen:
11) Dauer der Ausleihe:

kontaktieren Sie uns jetzt :: smithswanson63@gmail.com
freundliche Grüße
Herr smith swanson”

Report Violation

54. smith swanson said... on Jul 25, 2014 at 07:24PM

“Mein Name smith swanson, ich bin ein privater Kreditgeber, die aus geben
Darlehen an Privat-und Firmen Individuen. Haben Sie sich eingeschaltet wurde
von so vielen Banken? Sie brauchen Finanzmittel, um Ihr Unternehmen zu etablieren? tun
Sie finanzieren für den Ausbau Ihres Geschäfts benötigen? Oder benötigen Sie eine
persönlichen Kredit?. kontaktieren Sie uns jetzt :: smithswanson63@gmail.com

KREdItNEHmER DATA FORM

1) Ihr Name:
2) SEX:
3) Ihr Land:
4) Ihre Tätigkeit:
5) IHR FAMILIENSTAND:
6) Telefonnummer:
7) Monatliches Einkommen:
8) ADRESSE:
9) ZIEL:
10) Darlehen beantragen:
11) Dauer der Ausleihe:

kontaktieren Sie uns jetzt :: smithswanson63@gmail.com
freundliche Grüße
Herr smith swanson”

Report Violation

55. Rita Andie said... on Jul 28, 2014 at 08:29PM


Good day!

I just want to testify how i got my loan from Mr. Eric Lefkofsky after i applied several times from various loan lenders who claimed to also testify right in this forum,i thought the testimonies where real and i applied but they never gave me loan. I was in need of an urgent loan to start a business and i applied from various loan lenders who promised to help but they never gave me the loan. Until a friend of mine introduce me to this popular Mr. Eric Lefkofsky who promised to help me and indeed he did as he promised without any form of delay. I never thought there are still reliable loan lenders until i met Mr. Eric lefkofsky who indeed helped me with the loan and changed my belief. I promised to share this testimony after I got my loan. I don't know if you are in any way in need of a genuine and urgent loan,free feel to contact Mr. Eric Lefkofsky via their email{grouponfunding@hotmail.com}”

Report Violation

56. Johnny Elvis said... on Jul 29, 2014 at 01:53AM

“A MUST READ:

Good day everyone, I am Mr Johnny Elvis by name, i am a citizen of new york USA, i have been looking forward for a genuine loan company for the past 2 months and all i got was group of scams who made me to trust them and at the end of the day, they duped me of $7000 without giving anything in return, all my hope was lost, i got confused and frustrated,i find it very difficult to feed my family, i never wanted to have anything to do with loan companies on net again, because i never trusted any loan company again since i was scammed, so i went to borrow some money from a friend, i told him all that happened and he said he can help me, that he knows a loan company that can help me, that he just got a loan from them, he directed me on how to apply for the loan, i did as he told me, i applied, though i never believed but i tried and to my greatest surprise my loan was granted to me within 24 hours, i could not believe, i am happy and rich again and i am thanking God that upon this scams all over the places a genuine company like this still exist, please i advise everyone out there who are in need of loan and can be reliable, trusted and capable of paying back at the due time of funds to contact (eladioloancompany@yahoo.com ) or (eladioloancompany@gmail.com) and be free from scams on the internet. they will never disappoint you.”

Report Violation

57. lauren travis said... on Jul 31, 2014 at 11:01PM

“HOW I GOT MY LOAN FROM A GENUINE LOAN LENDER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Hello everyone!!!

My name is MRS LAUREN TRAVIS A CITIZEN of USA. i have been scammed by 3 different Internet international lender, they all promise to give me a loan after making me pay several fees which yield nothing and amounted to no positive result. i lost my hard earn money and it was a total of 10,000USD. One day as i was browsing through the internet with tears on my eye i came across a testimony of man who was also scammed and eventually got linked to a legit loan company called ALVAROLOANCOMPANY where he finally got his loan, so i decided to contact the same loan company and then told them my story on how i have been scammed by 3 different loan company, l made the right choice of contacting them. i filled the loan application form and proceeded, I explain to the company by mail and all they told me was to cry no more because i will get my loan in their company and also made that which was requested of me and I was given a loan amount of $85,000 Dollars by this great Company (ALVAROLOANCOMPANY} managed by Mr.ALVARO AMARANTO and here i am today happy because ALVAROLOANCOMPANY has given me a loan so i made a vow to my self that i will keep testifying on the internet on how i got my loan. Do you need a loan urgently kindly and quickly contact ALVAROLOANCOMPANY now for your loan via email:alvaroloancompany@yahoo.com
Thank You All For Your Understanding.

Mrs.Lauren Travis

Report Violation

58. Priscilla Gomez said... on Aug 2, 2014 at 03:39AM

“TESTIMONY OF HOW I GOT MY LOAN
Hello
I am Mrs Priscilla Gomez by name. I am out here to recommend the effort of Andrew Olsen,I was in need of a consolidation loan amount of $85,000USD and as soon as I got in contact with Andrew Olsen Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred into my bank account,I want everybody on this site to contact Andrew Olsen now via email on how to get a loan because I got my loan from them and I am very sure he can help you too am so happy,contact them now.Email:olsenloancompany@gmail.com”

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