Does anyone know the name of this company they just scamed me out of 1200 dollars

So how did you lose 1200 bucks??!!!

These people called me today said the same as others report... 3000 loan but added tjat i must prove i can pay it by depositing money equal to my monthly pmt amd its refundable etc... $177 Im no g en ius but im not completely stupid. Whats the scam? Do they just drain that $177 and vanish?

Read this:
"It is illegal for companies doing business by phone in the U.S. to promise you a loan or credit card and ask you to pay for it before they deliver."
http://www.consumer.ftc.gov/articles/0078-advance-fee-loans

If you or a friend need a loan, you really should read this:
http://www.consumer.ftc.gov/articles/0153-choosing-credit-counselor

In fact, the more you need the money, the more urgent it is to read that information!


Protect yourself!
Recognize that NO legitimate company is going to offer you a loan, without their doing some background / credit checks on you, and they WILL generally need a snailmailed, signed contract.

Yes, if you send them up-front money, it WILL disappear!

If you or a friend fell for the scam, please try to educate your other friends.  The only way to stop these scams is to cut off their source of money!

How???

they are indians but from northeast, me too i work there b4.