Guaranteed Loans - Debt Consolidation Advice

Any company that claims you can get debt consolidation loans at a ridiculously low interest rate, regardless of your credit history, is almost certainly not a legitimate business.

You'll be asked to send a one-time fee (usually an application or processing fee), normally at least $200. In reality, that fee is all they're after, and you'll never receive the promised loan.

By the time you call them to find out where your loan is, they're gone. While these outfits market heavily in the U. S., they often operate in some other country, making it virtually impossible to track them down.

What's truly sad is that many desperate people have borrowed money from friends or family, or taken a cash advance from their credit card, to pay the fraudulent fee. Then they're deeper in debt with nothing to show for it.