DOES PAYING UPFRONT FEES GUARANTEE YOU A LOAN?

Some so called Loan Finders charge upfront fees promising to look for credit on your behalf from different loan providers.

By paying the fees many people are under the impression that the loan is a certainty if the fees were paid. 

These unscrupulous lenders and loan seekers take advantage of the consumer who may suffer from a bad credit record already and will do nearly anything to get assistance, as these funds are usually not refundable if a loan is not granted. 

How do the get away with it?

Very easy, they found a legal loophole and may offer you some limited “legal advice” and will then claim the upfront fees was charged for that reason.

What to do?

Rather look for the loan finders, lenders who will also seek for credit on your behalf who has your best interest at heart and is there for the consumer in distress.  Always read the fine print and if you do not understand it ask questions until you are satisfied.

All service providers are not bad; for the majority the person in need as their first priority.  They may ask you an initiation or service fee that will be incorporated to your contract.  As they are really trying their best and look all over for credit on your behalf they often do not get any commission from the bank or service provider and therefore these charges.