Never pay up-front for a loan.
Never pay an up-front for any loan. We get multiple calls everyday from consumers who fall into this trap. A consumer called us with a sad story. She was desperate for a personal loan to help her family. She contacted a company that told her she was approved for $5000.00. All she had to do was prove she could afford the monthly payment by sending in 2 payments before securing the loan. After making her 2 payments, she tried to call back but the number was disconnected. She contacted every agency to help her. They couldn’t do anything except apologize that she lost her money. While reading this someone might think they could never fall for anything like that. The sad reality is these companies use the desperation of the consumer against them. Before thinking not me, be careful and stay alert.