3 Personal Loan Scams to Avoid

Kailey Hagen, The Motley Fool
·6-min read
3 Personal Loan Scams to Avoid

Scammers often pose as personal loan providers to trick those in need of money into giving up their cash instead. Here are three of the most common personal loan scams. No-credit-check loans are appealing to borrowers with poor credit who may struggle to secure loans with legitimate companies.