Advanced Fee Loans
Ads that promise loans generally appear in classified sections
of local and national newspapers, magazines and tabloids.
Remember: simply advertising through recognized media outlets
does not ensure the legitimacy of the company behind the
ad.
Some companies claim they can guarantee you a loan even if
you have bad credit or no credit. They usually request an
up front
fee, which may range from hundreds to thousands of dollars.
Once you send your money to these companies, you never get
your promised
loan and you cannot get your money back. If you cannot get
a loan through traditional lending institutions, it is unlikely
that you'll get one in response to a classified ad. Ask the
loan
company to take the amount of their fee off of the total
amount of the loan that was promised you. In most jurisdictions,
it
is illegal for a company to request an up front fee prior
to obtaining a loan. |
