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Posted: Wed Jul 25, 2007 10:52 am Subject: nationloans

Hi. Has anyone had any experience getting a loan through nationloans.com? I filled out an application about 2 weeks ago and was contacted this past Friday by someone saying that I am approved for a secured loan of $3000. They want a security deposit of $350 up front. I'm kind of leary. Has anyone ever had a loan that they had to secure with a payment? Oh yes, I went to their website to see if I could get a phone number but they may only be contacted by email. The phone number that the contact person gave me is actually a pager number. I get the feeling this is not a good situation.

Posted: Wed Jul 25, 2007 11:32 am Subject:

Be pro-active. You are thinking right. No legit loan company will ask for an upfront fee before giving out the loan. Any fees that are to be charged will be first mentioned in the agreement copy and only after the loan is deposited in your account. It should also ring a bell when they are not publishing their phone number. Sounds fishy!

Posted: Wed Jul 25, 2007 11:39 am Subject:

Yes, stay away from them. It is very suspicious if they don't have a phone number to be contacted. It would appear as if they have something to hide, if they don't have a phone number. You should try Prosper for a loan. I got my loan with them funded after a month of listing, so not too bad. They do take out a fee after your loan funds, so YOU don't pay them upfront. I think the fee is like 1% of the loan, so really, really decent.

Posted: Wed Jul 25, 2007 11:58 am Subject:

Thanks for the input. I am very suspicious of them because of the pager number and the lack of a main office number. Not to mention I went to the BBB and did a search and could not find a rating or any kind of a report about them. I am definitely going to stay away. I don't understand this whole thing about a fee up front. I thought that most loans were secured with "stuff" like cars or houses.

Posted: Thu Jul 26, 2007 2:23 pm Subject:

Yes, be wary of anything that asks for money up front. That usually signifies a scam as they can take that money and not give you what they promised.

Any bank would give you a loan that was secured, I know I've tried, and I've only got a car that isn't even close to being paid off so I was denied. A lot of places are trying the unsecured, like the payday loans, where as the traditional unsecured money (like credit cards) are begining to show up as secured. Its kind of a funny switch.

As for anything that asks for money up front be wary. And also make sure you read the fine print on anything that is for 'free' sometimes it is a free trail and then they charge you later.

rainypilot · Posted: Sun Feb 17, 2008 12:02 pm Subject: STOP:

I fell you need to keep what you have before you lose what you have. I have never seen were you have to pay for loan, on top of that there's is no contact number.I have heard the add on hot105 FM I wounder if they know.
Keep what you have dont lose it.

1 NO NUMBER
2 WANT MONEY
3 WEBSITE DON'T WORK
4 NO CONTACT at ALL.

Posted: Sun Feb 17, 2008 7:04 pm Subject:

When you're offered a loan but they want a fee up front, run. Fast.

Posted: Tue Feb 19, 2008 9:46 pm Subject: loan

YEP........agreeable on ALL of the advice, on this thread. Anyone that asks for a 'fee' for a loan, is not legit. No matter if it sound good to you. Ya know how the saying goes ( I'm sure ). "If it sounds to good to be true, it probably is." Whatever debt you may have, keep paying on it. This will bring your score up. If you DO apply for a loan, the company will ( I'm assuming..) check your credit. In this case, your Credit score will go down, a bit, for the 'inquiry'. Hope this helps a bit.

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