Core fund Credit

Total money lost $1,500

Type of a scam Advance Fee Loan

I applied online for a loan on loans.ca. The company called Core Fund Credit contacted me through email saying that I was approved for a loan and I should call them to finish up the loan application. I did and confirm some personal information etc. and they sent me the information on what kind of loan I was approved for and the amount of money I would pay monthly. I was approved for a secured loan and for me to get that loan I have 2 options.

1. A co-signer

2. A deposite of $800

I decided to use a co-signer and they said my co-signer is not qualify. So I paid the $800 through e-transfer. I sign the required documents and I got a copy of the contract with their signature and an outline of the payments.

2 days after they emailed me and said that they can’t find a company that can pay for the insurance so I have to pay $700.21 for the insurance and it will be refunded after I finish paying off the loan, so I did through e-transfer. After that, no more response. I tried calling them, the phone ring, no answer. I emailed them and it’s the same.