Ok here's the deal. Every since Amanda moved out I have been surviving on one income, and lately I have been strapped for cash. My bills are behind, my credit cards are behind, needless to say Im broke. Anyway today I received this check in the mail from HFC, the check was for $3000, and below the check was a letter stating that it is a real check, and that if you cash it, then it becomes a loan. Now I always thought that credit reports were private, however this company (HFC) which I have never done business with before, sent this in the mail to me. It makes me wonder what's going on. Im seriously thinking on cashing it, and then pre-paying my rent for 2 months, plus use some of the money to pay the first few payment, then leave the rest in my savings for emergencies. Once my rent is paid ahead, then I can have several paychecks freed up to where I can pay off the small credit cards. I realize the interest on this loan is high, however it just may jump start me enough to keep me going to the end of the year. Starting next year I plan to quit my job, cash in on my retirement, and pay off most of my bills anyway, and then move either to Ohio or Texas.
Has anyone else ever dealt with these "surprise" checks? Besides the interest being high, what are the unkonwn consequences of this?
How in the world does a finance company send money to people that they dont even know, without the aid of a credit bureau report? I have never given them permission to run my credit report.