I applied for a personal loan but because I'm a high credit risk I have to pay 7 months in advance is this ok?

Question by Vanett: I applied for a personal loan but because I'm a high credit risk I have to pay 7 months in advance is this ok?
I have really bad credit and the company sees me as being a 'high credit risk' and are asking me to pay 7 months in advance of my monthly installment. I'm not sure if this is normal or a scam and I need some suggestions. The company that I actually applied declined me but sought out another lender.


Best answer:
Answer by The FoosaaaahYes.

What do you

Loans Bad Credit Loans