Advanced Fee Loans

Some companies claim they can guarantee you a loan even if you have bad credit or no credit.  They usually request an upfront fee, which may range from hundreds to thousands of dollars.  Once you send your money to these companies, you never get your promised loan and you cannot get your money back.  If you cannot obtain a loan with a traditional lending institution, it is unlikely that you will get one in response a classified ad.

Ads that promise loans generally appear in classified sections of local and national newspapers, magazines and tabloids.  Remember: simply advertising through recognized media outlets does not ensure the legitimacy of the company behind the ad.