| Many people who badly need money make the | | | | been given money, not before. Many of these |
| mistake of doing business with companies that | | | | services will also try to get you to send out a |
| steal money from them rather than lend it. These | | | | wire transfer.Wire transfer services like Western |
| scams are usually directed at people who already | | | | Union are not secure, and there is no recourse |
| have bad credit. More people are in financial | | | | available if something goes wrong. The |
| trouble than ever before, and many criminals are | | | | transactions can't be traced, and you should avoid |
| taking advantage of this situation. Those who are | | | | any services which ask you to wire money to |
| filing for credit counseling or bankruptcy are at a | | | | them. If you feel the need to borrow money, you |
| high risk for these types of scams. Here I will | | | | should use a service which is recommended by a |
| show you common scams and what you can do | | | | friend or member of your family. This is much |
| to avoid them.Money Up Front ScamsIf you are | | | | better than calling a random service which you've |
| in a situation where you need to file bankruptcy | | | | never heard of.A Word On The Side Of CautionIt |
| or seek credit counseling, your life is likely already | | | | is important to be cautious when looking for loans, |
| hard enough as it is. The last thing you want is | | | | especially those which are unsecured. The first |
| some con artist taking more of your money. | | | | thing you should realize is that there is no such |
| Unfortunately, a huge market exists for these | | | | thing as a loan which is guaranteed. You should be |
| types of scams. The most common trick used by | | | | wary of lenders who promise that you will be |
| debt consolidation services is to make an offer to | | | | approved without bothering to check your credit |
| loan a client money despite their credit history. | | | | history.It is an unfortunate fact of life that many |
| They will ask that the client pays three months in | | | | people make a career out of stealing money |
| advance before they are able to loan them | | | | from others. Much of this fraud is perpetrated by |
| money. The company then takes the payments | | | | groups which are highly organized. Getting |
| and refuses to loan the client money, stealing | | | | scammed in a situation where you are already on |
| from them.Many of the customers never hear | | | | the verge of bankruptcy can be enough to push |
| from the company again. Many of these | | | | anyone over the edge. People tend to make the |
| companies make themselves appear legitimate by | | | | most mistakes when they are desperate. It is |
| purchasing advertising space in the local phone | | | | important to analyze the situation and study the |
| book, a place that most people trust to find their | | | | lender carefully. Anytime you are asked to pay |
| information. As more people suffer from debt, | | | | money up front this typically means that it is a |
| these scams will continue to increase.You should | | | | fraud, and will not end well if you fall for it.The |
| avoid any lender which asks you to pay money | | | | most important thing you can do before choosing |
| up front for the loan. This is generally the first | | | | a lender is to do research. Find out how long a |
| sign that a service is likely a scam. There is no | | | | company has been in existence. If they don't |
| reason you should have to pay a fee up front. | | | | have an established history, this likely means they |
| Any lenders which ask you to pay before you | | | | are a fly by night operation, and you will want to |
| receive the money are likely con artists. You | | | | avoid it. |
| should only have to pay money back after you've | | | | |