Loan Scam


I am desperately looking for a small loan to bridge my gap and have only been employed for 2 months so no one will help me. I posted an ad on Gumtree specifically on the weekend thinking that would filter out funny company names and get the attention of Individuals.

Wthin 2 hours, I was flooded with emails. The majority stood out because of the horrendous use of English syntax.

One of the mails had the address as asosavingsandloansplc@yahoo.com. But several email came from this address including an email from a private individual recommending them. So my first thought was that these were all agents for the same place. Next step was verification.

I googled ASO Saving and Loasplc and they are a legitimate institution based in..........Abuja.

Thinking that they may have had a branch in South Africa, I replied with questions but refused to send personal information until my questions were answered.

They claim to be a company that helps Africans.
They will  give you a loan over 13 years. 10 years is the norm but they will add 3 just because they are kind. (alarm bells started ringing)They will give the loan in dollars as they are NOT based in South Africa. I asked aboout 3 times what the monthly repayments would be on 2000$. I am still waiting for that answer.

By now the alarm bells had turned to sirens so I then decided to start having a bit of fun with Mr Steven Richards.
The question was regarding foreign exchange control and how do we declare the money coming in and how do we declare the payments going out?
I nearly fell off my chair laughing when he said that he could Fedex me my dollars. (not to mention the fact that Big Ben started chiming)
Really, Seriously?

Sadly for my financial situation it is painfully clear this was along the lines of the latest Wonga scam where people are using established companies names' to make their scams look legit.

Anyway please people be aware of this scam.
The dead giveaway is usually the email address. If it does not say .com or anything else official stay away.
There are any money lenders out there who are legit, there are companies that a lender and a borrower can use to broker their loan, it is a relatively new concept is South Africa and is called Peer to Peer lending. I just wish I could find a Peer to help me.


Report ID: 7616
Crime Category: Fraud
Province: Western Cape
City/Town: CAPE TOWN
Suburb: Southfield
Address: SouthField
Crime Date/Time: 11 Jan 2015, 00:01 AM
Reported By: Username7616
Reported Date: 12 Jan 2015, 09:01 AM
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  • juliet quin 13 Feb 2015, 04:51 PM

    Hello Everybody, My name is Mrs.Juliet Quin. I live in Canada 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 $30,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of $30,000.00 Canada Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs.Juliet Quin that refer you to him. Contact Mr.Lim Koh via email: (lim.koh56@yahoo.com)

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