What You Should Know About Online Lending Services

Easy money that may be hard to pay back.

 

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By Geoff Williams

You’ve seen the commercials. You need money, and these websites can give it to you, often within 24 hours and without a credit check. Should you take the offer?

Common sense would suggest no. Everyone knows that there is no free lunch, and the terms of many quick and easy loans mean that a financial company will have you for lunch. Granted, not all online lending services are shady. Many mortgage lending companies are reputable, as are many lending companies that offer low rates based on a high credit score.

But if you have lousy credit, and you’re still being offered a loan, that’s a red flag that you’re about to accept money that you’ll later regret.

Read the Full Article at money.usnews.com >>>>

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