Is this a scam

[pascal01]

Hello, i'm glad i found this forum to help me clear things out.

I need money for a car loan, but i have a poor credit, and i asked for a loan on the classified adds, and got offer s from this guy. i will paste the mails here

fortlenders@yahoo.com
Dear loan seeker,
We are in respect of your e-mail regarding your request for a loan.
This is a program for all, it is a guaranteed loan service program with low interest rate; our repayment term is customer convenient. You are assured of getting a secured, fast and safe transaction with us.

Individuals are guaranteed loans from us with the sum between $2,000.00 and $900,000.00 and it's equivalent in UK (UK POUNDS), amount that exceeds $900,000.00 are only lend able to private groups, companies and firms.

Should in case you interested in applying for a loan, please get back to us now with the following details, so we can start of with processing your loan and also sending you terms and condition and repayment schedule for your loan.

FULL NAME:
ADDRESS:
CITY:
STATE:
COUNTRY:
EXACT AMOUNT REQUIRED:
WHEN NEEDED:
PURPOSE:
DURATION:
OCCUPATION:
STATUS:
INCOME:
CONTACT PHONE NUMBER:
I await your urgent response to this email, so we can proceed.
Best regards,

Collins Williams (Agent)

I did reply with the info needed and asked if canadian residents can apply

got this message back


Sure it's a program applicable for Canadian residence.
The Interest rate for the amount of 10,600.00 gbp is 5%
Please get back to us now with the following details, so we can start of with processing your loan and also sending you terms and condition and repayment schedule for your loan.
I await your urgent response to this email, so we can proceed.

Best regards,
Collins


and also got this:

Hello (my name was here i removed it for posting here),
I received your message along with the details I requested for, you have done well so far, I will do my possible
best to ensure you get this loan ASAP.
To continue with the loan process, you will have to accept my terms and conditions, afterwards we can proceed on
the documentation of this agreement; the terms and conditions is the backbone of my loan process, if you accept it,
there is every possibility of you getting the loan,
Below are my terms and conditions for the loan amount of £11,600.00 GBP
TERMS AND CONDITIONS FOR A LOAN AMOUNT OF £11,600.00
Loan types:…………………†¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â €¦â€¦â€¦â€¦ Personal Loan
Loan amount:…………………â₠¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã ¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦ £11,600.00
Loan-to-Value:…………………†¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â €¦â€¦â€¦â€¦â€¦ 100%
Annual Interest rate (%):…………………… ……………………â₠¬Â¦Ã¢â‚¬Â¦ 5%
Amortization Period (Months):……............................…⠀¦ 6 years (72 Months)
Total interest:…………………â €¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€ ¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦ £580.00
Total payment:…………………â⠂¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦ …………… £12,180.00
Monthly installment:………………†¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â ‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦ £170.00
Additional monthly payment:…………………â⠂¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦ … 0
Pre-payment method:…………………â₠¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã ¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦ Bank transfer
Starting month:…………………†¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â €¦â€¦â€¦â€¦â€¦â€¦â€¦ June
Starting year:…………………†¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â ‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦ 2007
Prepayment penalty:…………………â⠂¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦ ……………… No
Collateral Issuing Bank:…………………†¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â ‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦ No
Guarantee collateral…………………à ¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬ ¦â€¦â€¦â€¦â€¦â€¦ No
Application Fee:…………………… ……………………â₠¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦Ã¢â‚¬Â¦ None
Is the project government or private:……………................. ...…… Private

I await your urgent reply,
Regards,
Collins Williams


i replied saying i do accept these terms (yhis is lower interrest rate then here in quebec) so i got this message back

Referrer: Mr Collins Williams (Private Lender)
Main address: 34 Centerpark, Sokoto, Nigeria
Email address: fortlender@yahoo.com
Phone number: +234-805-966-9617

Hello (removed my name),
I received your message, from Mr. Collins earlier today about your application for a loan, he has forwarded all necessary information to me and fortunately I was able to get an approval from the committee on your loan. I understand you need this loan asap, so am doing my possible best to ensure you get this loan as soon as possible.

I have attached the loan agreement document, when you receive it, you are required to print it out, go through it, sign on the provided spaces, where necessary.

On completion, scan it and have it e-mailed back to me along with a scanned copy of either your driver's license or an international passport.

Meanwhile to enable a successful transfer of the loan amount of £11,600.00 Pound Sterling over to you, you will have to provide your account details, so I can forward your application to the bank and process the transfer of the loan amount of £11,600.00.

The following account details is needed;

(1) NAME OF BANK
(2) BANK ADDRESS
(3) NAME OF ACCOUNT HOLDER
(4) ACCOUNT NUMBERS


I will await your urgent reply to this e-mail,

Goodluck,

Barrister Atika



I did not go further, since i'm a little scared

Can you let me know if this is a SCAM 100% sure or it sounds legit

thanks a lot for the help!

[FW Admin]

Some very major red flags with this one.

To begin with, this is identity theft waiting to happen. Looking at the figures quoted, they are completely unrealistic; average APR (Actual Percentage Rate) for unsecured loans, even to people with impeccable credit rating, is between 12% and 30%. What has been calculated in the post above is a simple interest addition of 5% onto the total loan, which no lending company could afford - it would cost them more in administrative expenses.

In addition, the item "Loan to Value" is only used with secured loans, against collateral such as property. Unsecured loans are far more difficult to obtain, and as such attract a far greater rate of interest. A 5% simple interest on the loan amount over this period of time is cheaper than any mortgage offer that's available, probably in the world.

Money lending across international boundaries is, by its very nature, highly regulated, due to anti-terrorist laws and money laundering legislation. The mere involvement of someone in Nigeria immediately raises very serious doubts as to whether this is genuine, and I would personally err on the side of complete skepticism.

From information received, what has happened to other victims in the past is that they have had to pay many pre-loan fees of one form or another to the "lender" before finally receiving a check that is either stolen or forged - in any case, a fake check. When they deposit it, the victim, in addition to already losing possibly several thousand dollars in non-existent "fees", may get arrested for deception and bank fraud.

I would suggest discussing any loan requirement with recognized banking or financial institutions in your own country, and to be absolutely certain of the laws surrounding international loans. It is extremely complicated, and from what you have submitted in your post, I would say that the offer you have received is definitely bogus.