Atlanta, GA asked in Banking and Identity Theft for California

Q: How can I research a loan company to see if they are legitimate? I can't find anything on basic internet searches.

I have a name and offer contract. I was contacted by phone and approved before I received the "offer contract". Questions arise due to the payment amount stated does not compute correctly with the stated interest rate and months of loan agreement, also they are asking for a "collateral payment" of two months payments. It does not state the words upfront.

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1 Lawyer Answer

Bruce Alexander Minnick

Answered
  • Business Law Lawyer
  • Tallahassee, FL

A: If you have to ask whether an internet bank is legitimate or not, it probably isn't.

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