July 24, 2019

Dangers of Advance-Fee Loans

Distressed young couple reviewing paper work on sofa.

Looking for a loan or credit card but don’t think you’ll qualify? Have you been turned down by a bank because of your poor credit history? You may be tempted by ads and websites that guarantee loans or credit cards, regardless of your credit history. Rule number one: Legitimate lenders never "guarantee" or say that you are likely to get a loan or a credit card before you apply, especially if you have bad credit, no credit, or a bankruptcy.

Click here to learn six warning signs of an advance-fee loan scam from the Federal Trade Commission.