Beware of Guaranteed Loans

[Admin]

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.

[now-or-never]

Yes i do agree that there are lot of web sites who does not have a genuine process or method for sanctioning of loan as far as majority.

The only precaution we can take is opt for a loan and check the quotation they give to us and if that is a competitive and a profitable one for us we can opt for that......

[darsh999]

Yea i think you are rite .. today most of the sites of who does not have a genuine process or and they are not even authorized for giving of loan as far as majority.
we must take some precautions like when ever we go out for a loan ,check the quotation they give to us and if that is a competitive and a profitable one for us only then we should agree take loan from them ... be careful......

[fred333]

It very sketchy out there. I would say proceed with caution if you are going down that road.