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I have recently been preapproved for a loan with Canadian Lenders Direct. Does anyone have any information on?


The person I spoke with siad that since I am a high risk, they would require a deposit of 1000. that they will hold for the term of my loan and then give back to me once the loan is paid off. I am wondering if I am about to be scammed or if this is protocol?

It's a scam.
Read here. http://www.ftc.gov/bcp/conline/pubs/tmar... Source(s): Loan Officer
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