Self liquidating loan scam Bengali sex chat on facebook

The revenue generated from selling that inventory would be used to repay the loan.

Self-liquidating loans are not always a good credit choice.

To date, at least five companies are known to have lost significant sums of money to this operation, and it is estimated that at least another three victims will face a similar fate.These loans are intended to finance purchases that will quickly and reliably generate cash.A business might use a self-liquidating loan to purchase extra inventory in anticipation of the holiday shopping season.The assumption being that once a convenient exit strategy has been offered, only the most desperate will expend the time and effort needed to conclude the deal.The offer itself is a form of advance fee fraud, deceptively termed a ‘self liquidating loan’.

Leave a Reply