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Old 12-30-2006, 01:14 PM
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Default Beware of Guaranteed Loans

There are thousands of websites and companies on the net that offer these so-called "Guaranteed Loans."

For one thing, loans cannot be guaranteed because loans are based on an individual's credit and/or income. If loan companies guaranteed loans, they would be bankrupt by now.

Secondly, a legitimate loan company will not ask for money up-front. Why would any sensible company ask you to pay them money up-front when they know that you're broke.

These websites that claim to offer "Guaranteed Loans" are simply unscrupulous companies trying to make a quick buck off people in need. For a fee, ranging from $10 to $300, these companies don't actually provide financing, they merely sell you a list of lenders. These lenders are usually lenders that you can find on your own through the search engines.
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