Bad Credit

Bad CreditIt wasn’t long ago that I thought the cash loans for bad credit market was actually improving. Now, I’m not so sure. I’m not getting onto the direct lenders that are legitimately interested in funding loans. What I am doing, however, is speaking up about the lender matching services who want to pull your chain and not really help you. I’m sure not all lender matching services are going to act that way, but you would not believe some of the phone calls I’m getting.

Just as I thought I was running out of stories, another company just called me. I wasn’t sure if I was speaking to a matching service or a direct lender. Of course they are calling me because they got my information from the online loan application that I filled out. Well, it didn’t take me long at all to dismiss this phone call.

After simply introducing himself and asking how much of a loan I was going to apply for, he asked me what bank he needed to transfer the funds to at the time. Now, he had not verified my identity or asked any other questions. I could have given him the bank name without the account number and routing number to see what he would say next. However, I pretty much guessed that this was the next question.

Now, why in the world would a company lead with asking that information if they weren’t already in the process of giving me a loan? This was another one of those spam calls that you have to deal with if you don’t use a direct lender when it comes to cash loans for bad credit. Now, I’m not trying to make payday loan companies look bad. What I’m trying to do is inform consumers not to use lender matching services that will have telemarketers telling you all kinds of things on the phone all day long.