A Crossville couple made Knoxville TV news when they reported getting an unsolicited ‘loan’ in the mail.

WATE-TV REPORTS:

A couple in Crossville received a check from a local loan company. When they read the fine print attached to the check, they were alarmed, so they called WATE 6 On Your Side reporter Don Dare who says the check is tied to a loan.

The check is tied to a promissory loan that has an unusually high interest rate. For some people getting a check for $1,000 or $2,000 with no questions asked would be a blessing, but at 44 percent interest on the amount of money borrowed, that could be a problem especially if you couldn’t pay off the loan.

Allen Vires is enjoying retirement in Crossville with his wife Carolyn. They had once owned their own business and are pretty wise when it comes to finances. They recently received an unsolicited check for $1,800 in the mail.
The check is from Regional Finance Corporation of Tennessee in Crossville. The company also mailed a letter to the Vireses.  SEE FULL STORY HERE ON WATE