How to find out if a loan is legit?

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i got an approval for a loan from millennium one group, but i want to find out if they are legit, how and where do i go to do that. i have really bad credit and i want to get somethings cleared up and they did tell me that i would have to put down 10% and if i paid my monthly bill on time that in 6months that i could get that 10% applied to my balance or recieve a refund directly to me, not sure where to look to see if this company is real. or if it is another to good to be true offer

How to find out if a loan is legit?

I think you can assume that you are in for some predatory lending. If you have lousy credit, you are an easy target for bad companies who charge you outrageous fees. You need to demand a Truth in Lending print out and see what the overall interest rate and terms are. Don't get sucked in with vague things like "10% down", etc. etc. --you need to know the total cost of the loan and the actual interest rate. They can slice and dice it anyway they want, but they are required by law to give you a "plain english" Truth in Lending breakdown and you need to read it carefully.

How to find out if a loan is legit?

GET IT IN WRITING BEFORE YOU SIGN OR AGREE TO ANYTHING

ASK MILLENNIUM ONE GROUP FOR THEIR EMPLOYER ID NUMBER AND THEIR BETTER BUSINESS BUREAU

NUMBER AND CHECK THEM

How to find out if a loan is legit?

They get your money and you never hear from them again.

There is no free lunch if your credit is lousy then you will not get a loan without 100% collateral or a co-signor. If you should then look for 30% plus interest rates.

How to find out if a loan is legit?

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