I did receive a question today from someone, who was wondering how to seperate a legitimate personal loan from a scam. Here are some tips that can help:
- Don't believe the promises that are too good to be true, like "you'll get a personal loan, guaranteed, even if you have no credit or bad credit".
- It is against the law for telemarketers to ask for payment in advance, while claiming to guarantee a personal loan, or implying that there is a strong chance of one.
- While there is no similar law for loan offers on the Internet, no legitimate lenders, online or offline, will guarantee a loan before you have even submitted your application;
- Morgage lenders may ask for payment for a credit report or appraisal, but legitimate lenders won't ask you to pay anything upfront for personal loans.
Personal loans.
2 comments:
wow this is a good information personal loan .
Cheap Secured Loan
person should do thorough comparision regarding loan provided by different lenders. he/she should apply for loan to that lender who has good position in the financial market. HDFC Personal Loan Delhi provides personal loan in Delhi at comparatively cheaper interest rate and approve loans quickly.
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