Is applying for a business loan abraod legal or illegal? Do I need to trust them?
I am a business woman here in the Philippines, province of Bulacan, I apply business loan online, they said that my loan was approved, but I need to pay for unsecured loan fees first before getting my loan, they are based in London according to their emailed data.Do I need to pay first and if I pay, is it sure that my loan will release for me?
I am applying a business loan abroad online.
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Answer by Michael T
Most companies will not loan money outside their country since they would have a problem acquiring credit checks and difficulties collecting if you don't make the monthly payments.
Therefore I suspect that it is a scam probably out of a country such as Nigeria.
Be very careful, there are a lot of crooks around.
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