Is the loan I applied for a scam?

I was approved for a private loan. They require me to make 4mo payments before I can recieve any money. I'm not so sure about it. Please help!

Why would you need to pay in order to borrow money? If you had money to pay why would you need a loan?

Yes it is a scam. Stay away!

It's a scam... "Advance Fee Loan Fraud"... You have three offers for it in your answers already and someone else who works for a scammer telling you "I't s not a scam. May be your credit history is not good enough or sometimes the fee is for transfer purpose. You just have to give a try" A legitimate loan company will take fees from proceeds... Here are some tips for determining whether a loan is legitimate or a scam:
1) They don't use a free email address (yahoo, gmail, hotmail, live, etc)
2) They have a secure website you can go to to fill out their application (this isn't 100%... do a search with the company + fraud and also + scam... and check the BBB)
3) They don't require ANY fees upfront. Any fees will come out of proceeds of the loan (scammers want their fees via Western Union or Moneygram)
4) They have a REAL address you can send mail to
5) They have a REAL phone number, not a cel phone
6) Look at their profile - usually created in the last 48 hours. Why? Because they get reported for this, yahoo deletes the accounts, so they just open a new one and send again until they are deleted once more!
7) If you're STILL not convinced, despite one or more of the above applying, check them out for yourself: http://www.nextwebsecurity.com/LocationTools.asp allows you to search for their IP... turn on your full headers and check each one of the IP's in their email to you! Or check the data base at: http://www.419legal.org/ ...if nothing shows up, post your email under: http://www.419legal.org/fradulent-email/ and a professional will check them out for you... (please include FULL headers minus your personal information)... Once you've checked them and are convinced they are scammers, please forward a copy of their "loan application" to abuse@yahoo.com, abuse@hotmail.com, etc
Good luck... and PLEASE don't support the Lifestyles of the Nigerian Rich & Infamous!

If it's too good to be true, it usually is. If you need money, go a local bank in your area.

It sounds like a scam. Don't do it. Find a legitamite loan company in your town such as CitiFinacial or Beneficial.

Sounds like a really bad deal to me dont fall for it

**Advance Fee Loan Scams**
Please visit www.badcreditloanwarning.com if you have been contacted by this company or a victim of it.

www.badcreditloanwarning.com Is a free service here to help those in search of a bad credit loan. Or if YOU HAVE BEEN SCAMMED by one of these companies, we are here to help you contact the proper authorities and join many others to receive the justice we all deserve. At NO time will there be any fees! It is a free service! We are here to help and we will! 248-673-0531.

There is no legitimate company that would make you pay on something you haven't received yet.

I hope you didn't give them any personal information, if so I recommend you go to annualcreditreport.com and make sure your identity hasn't been stolen.

It is a scam. No one makes payments before getting money from a loan.

I hope you didn't give them you S.S # or bank account number(s). It sounds like a rip off. Any time they want payment up front for any kind of service, or pre payments....it is bad news.

I't s not a scam. May be your credit history is not good enough or sometimes the fee is for transfer purpose. You just have to give a try.

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