I applied for a 7500 loan and recieved a call a few hours later and they asked me if i rememeber how much i applied which i didn't because i applied for probably 5 different loans with 5 diffferent companies that day..anyway they asked if i remembered applying for a 7500 loan and i said yes and they told me i would be approved but due to my low credit rating i needed 1. collateral worth 7500 2. cosigner with collateral 3. purchases loan insurance for $599. Does this seem like something a loan company would do?