Legal Question in Credit and Debt Law in California

I have bad credit and just got accepted for an 8000.00 unsecured loan. THe lender is requiring a payment of 734.00 for insurance purposes in case i default on the laon. Is this legit?


Asked on 8/19/10, 12:49 pm

2 Answers from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

It's an Advance Fee Scam. Why would anybody in their right mind lend you $8000 if you have bad credit?

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Answered on 8/24/10, 12:59 pm

Sounds like a con job to me.

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Answered on 8/24/10, 1:32 pm


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