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Is capitals loans a scam why do igot pay150to get aloan

Date: 11/14/2018 3:58 PM (PST)

My girl friends name nina

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Date: 11/15/2018 11:14 AM (PST)

Hello Mark. Thank you for contacting BCA. If possible, please provide the contact information you have for Capital Loans. i.e., address, phone number, email address so I can do further research. However, from your post, I can tell that your instincts are telling you something is not right. Yes, there are fees involved to get a loan, but these fees are usually included in the loan term. Legitimate lenders charge application, appraisal or credit report fees but do not require you to pay upfront for the loan.

It is illegal for companies to promise you a loan by telephone and ask you to pay a fee before you receive the loan. Be cautious of companies that guarantee you’ll get a loan regardless of credit history. As I’m sure you are aware, this is a regulated industry. Do not be afraid to ask the company what their license number is with the state regulator. In California, it is the Department of Business Oversight. If a company refuses or hesitates to provide you with this information, you should walk away. Verify the information you are given and be sure to get the agreement, payment terms, percentage rate in writing.

For your review, I am including a link to our resource guide on Advance Fee Loans. Our resource guides are available on our website. They are free to use and accessible to the public. They cover an array of topics from Advertising to Work-At-Home scams and everything in between. They do pertain to California law, but offer tips and other useful information that consumers from across the US should find beneficial: https://www.checkbca.org/tips/loans/advance-fee-loans-100

I hope this information has been helpful. Please contact me directly at vantillon@checkbca.org if I can be of further assistance.

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