Are There Loan Lender Scammers Around??? How Do They Money Money?

May 22, 2010

in Bad credit mortgage lenders

I keep seeing a guy posting ads offering loans to “all categories of people, firms…” and to almost “any part of the world….bad credit OK…..at low interest rate”…..

I wonder could this be a scam? I’m in bad need of money and need loans and this ad sounds appealing, but could it be a scam??

what if they’re terrorists’ fund or other black money and I got loans from them not knowing their illegal , but anyway I pay off the debt , will I get involved in their crime??
will I be sued??

I don’t have bad credit history(actually have no credit history) but have no house to get mortgage too. that’s why I resort to this kind of lenders. Could they be scammers? If so, how do they make money?? Or they may just be black money fund?
SORRY, TYPO. I meant How Do They MAKE money?

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