You may be tempted by ads and websites that guarantee loans or credit cards, regardless of your credit history. The catch comes when you apply for the loan or credit card and find out you have to pay a fee in advance. According to the Federal Trade Commission (FTC), the nation's consumer protection agency, that could be a tip-off to a rip-off. If you're asked to pay a fee for the promise of a loan or credit card, you can count on the fact that you're dealing with a scam artist. More than likely, you'll get an application, or a stored value or debit card, instead of the loan or credit card.
The Signs of an Advance-Fee Loan ScamThe FTC says some red flags can tip you off to scam artists' tricks. For example:Legitimate lenders often charge application, appraisal, or credit report fees. The differences? They disclose their fees clearly and prominently; they take their fees from the amount you borrow; and the fees usually are paid to the lender or broker after the loan is approved.
It's also a warning sign if a lender says they won't check your credit history, yet asks for your personal information, such as your Social Security number or bank account number. They may use your information to debit your bank account to pay a fee they're hiding.
A lender who asks you to wire money or pay an individual. Don't make a payment for a loan or credit card directly to an individual; legitimate lenders don't ask anyone to do that. In addition, don't use a wire transfer service or send money orders for a loan. You have little recourse if there's a problem with a wire transaction, and legitimate lenders don't pressure their customers to wire funds.
Finally, just because you've received a slick promotion, seen an ad for a loan in a prominent place in your neighborhood or in your newspaper, on television or on the internet, or heard one on the radio, don't assume it's a good deal - or even legitimate. Scam artists like to operate on the premise of legitimacy by association, so it's really important to do your homework.
The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint or to get free information on consumer issues, visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters consumer complaints into the Consumer Sentinel Network, a secure online database and investigative tool used by hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.
Yes, most of them are legitimate. For added security, check to see that their website carries the BBB, Verisign, or other security symbol.
There are a number of reputable online companies that provide instant personal loans. Western Sky, Fast Cash, and True Wireless, for example, each offer this service.
I am not entirely sure why you would wonder if advertising on the Internet would be legitimate or not. The only real regulation that applies to payday loan advertising is to state the APR (annual percentage rate), when making ANY reference to the costs of obtaining a payday loan. Which makes no sense, as the loan is NOT an annual contract, but a (usually very short) short term contract. For example, one site offers a payday loans for a 15.00 fee per 100.00 borrowed for a 2 week period. Meaning if you need a $100 payday loan, the total cost for the loan would be $115.00 as long as you paid if off when you said you would, your next payday (avg of 2 weeks). However this technically equates to 540% APR, which makes it sound totally crazy, like it is a giant ripoff. About the same as the 39.00 fee Bank of America charged for an overdraft on an account of 2.00.
There are many companies that offer instant cash loans. Payday Loans offer customers with instant loans if approved. However, these companies tend to have high interest rates on every loan.
One can get instant loan approvals from many different companies. Some companies that offer instant loan approvals include Lend Up Loans and 36 Month Loans.
There are a few companies that offer instant approval Visa credit cards. Some of these companies are 'Barclaycard', 'Tesco Bank', 'Nationwide' and 'Natwest'.
There are a number of reputable online companies that provide instant personal loans. Western Sky, Fast Cash, and True Wireless, for example, each offer this service.
There are a few companies that offer instant car loans. Some of those companies include 'Instant Auto Finance', 'Instant Auto Loans', 'RoadLoans' and 'CarsDirect'.
I am not entirely sure why you would wonder if advertising on the Internet would be legitimate or not. The only real regulation that applies to payday loan advertising is to state the APR (annual percentage rate), when making ANY reference to the costs of obtaining a payday loan. Which makes no sense, as the loan is NOT an annual contract, but a (usually very short) short term contract. For example, one site offers a payday loans for a 15.00 fee per 100.00 borrowed for a 2 week period. Meaning if you need a $100 payday loan, the total cost for the loan would be $115.00 as long as you paid if off when you said you would, your next payday (avg of 2 weeks). However this technically equates to 540% APR, which makes it sound totally crazy, like it is a giant ripoff. About the same as the 39.00 fee Bank of America charged for an overdraft on an account of 2.00.
There are many companies that offer instant cash loans. Payday Loans offer customers with instant loans if approved. However, these companies tend to have high interest rates on every loan.
There are companies on the internet that sell products that claim to offer instant weight loss. These products can be found on many websites that are either owned by the company selling the products or by other companies selling the products for them. The Nuvoryn websites sells instant weight loss pills and the Amazon website has The pH Miracle Loss Product for sale.
Yes, there are people who can capture information from emails and instant messages on the internet and they are known as crackers.
One can get instant loan approvals from many different companies. Some companies that offer instant loan approvals include Lend Up Loans and 36 Month Loans.
Allstate has instant online auto insurace quotes.
There are many online insurance companies that offer instant life insurance quotes. These companies include Met Life, Geico, Nationwide and Liberty Mutual.
The websites Instant Quotes, EHealth Insurance, Health Insurance in Depth and Slide Share dot net all offer instant health insurance quotes from multiple companies that you can compare.
Instant snow can be purchased at the website of the company Instant Snow. Other companies make imitations of it, and these imitations can be found online.
the internet allows almost instant access to many databases - GradPoint/NovaNet