Hi everybody, i wanted to share this experience that ended well for me with you all. I was looking for a crypto exchange on google and at some point this website called stnloan.com came up, the website itself looked well made and they offered an array of services that would never have you guessing it could be a scam (loans, exchange, escrow, crypto investing).
So at the top of their website they have this loan calculator that catches your eyes and i tried it to see what interested rates they would apply and how the monthly fee looked and it was so low, just too low. As the website looked professional i though let's apply for a random 50k loan and see how they react or if there's any catch, after confirming with their online chat that my country was eligible for the loan i was contacted from their so called loan officer who started asking me for documents, a description of my business and why i wanted the loan, he seemed really nice and available at any time which sounded strange as they claimed to be in New York and i'm in Europe, i mean unless they pulled all nigher everyday it seemed really strange. So i went ahead with all the documents preparation and some doubts:
- they never asked me for a collateral
- there was an upfront fee of 450$ to be paid in bitcoins (sounds fight right?);
But anyway i wanted to see how this thing would come along since i already delivered a lot of papers, at some points afflicted by the doubts i said: "let's see if this company is really registered in the states and Uk as well ( they claimed so),
usually loan websites leave their license number at the bottom for you to verify their identities but this website did not, so i started looking up their addresses with google street view as well, as they claimed to be open for about an year, but nothing.
Then i decided to contact my loan officer and ask for an explanation, he said:
"We left the Uk for the Us so our company is only located in New York right now."
Then i asked:
"Alright but do you have a license number so that i can verify your company since i'm being asked an upfront fee on a wallet address that i would never be able to trace back?"
The officer:
"We have a temporary license to operate but the process of getting the real one takes long."
So at this point i though "this must be a scam" so i started telling him that i would not pay the upfront fee unless they detracted the fee from the total amount and he started panicking. Of course he would panic after wasting a week on me and getting nothing, he started reminding me of how he went in front of his board to get me accepted even though i had asked so much cash, that he wished he didn't help me and at the end of the email he would always write: "You have until today to pay the upfront fee if you really want the cash".
After i declined i started getting emails from his billing department and even from his CEO always asking the same thing.
Another thing i noticed is how they had on their terms of services a support email that was support@stnloans.com which was a different domain which they probably used in the past to scam people.
So guys be careful of this website and i hope you enjoyed my story!
