This time it’s an advance fee loan scheme involving MortgageTree Lending, a company that is finding plenty of victims online. Willis says she lost $1630 in advance fees when she was told by MortgageTree Lending that in order to borrow $5000 she would have to wire fees up front. Willis found MortgageTree Lending in September when she typed in the questions “Where do I get a $5000 personal loan with bad credit? The next day Willis says she received a phone call from MortgageTree Lending asking her to fill out a formal loan application and fax it back. Days after Willis wired the money, a MortgageTree Lending representative asked her to wire an additional $680 in taxes and fees. read more

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