The Gloves are Off Scams & Flim Flams Advance Fee Loan Scams

This topic contains 1 reply, has 1 voice, and was last updated by Jane August 22, 2006 at 4:54 pm.

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      Don?t pay upfront. It?s against the law for telemarketers to charge any fees in advance if they guarantee or claim that it?s likely that they can help you get a loan.
      Don?t fall for promises that you?ll get a loan regardless of your credit problems. If you have poor credit or haven?t established a good credit record yet, it?s unlikely that anyone will lend you money. Your credit history is one of the main things that legitimate lenders use to decide if you are a good credit risk.
      Do business with licensed companies. Ask your state banking or finance department about the licensing requirements for lenders and loan brokers, and find out if the company has complied.
      If you can?t get a loan yourself, get a co-signer.

      A friend or relative may be willing to apply with you for a loan. You will both be equally responsible for the payments.

      Get all the costs and other details before you decide.

      Shop around for the best loan rates and fees.

      Have proof of what you were promised. Get the agreement in writing or in an electronic form that you can use to document the deal.
      If you have credit problems, get counseling. Your local Consumer Credit Counseling Service (cccs) can provide advice about how to build a good credit record. the cccs may also be able to make payment plans with your creditors if you?ve fallen behind.

      these services are offered for free or at a very low cost. to find the nearest cccs office, call toll-free, 800-388-2227, or go to

    http://www.nfcc.org.

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The Gloves are Off Scams & Flim Flams Advance Fee Loan Scams