actually,i previously posted a question for financial help or loan without needing a cosigner(as i don't have 1 in US) for my engineering degree from US as an international student.
And as a result,i got a no. of answers with email links of people who can give me loans.
WHAT IS THIS ACTUALLY?
is it real,or some kind of fraud??
please help people...
2007-11-28 06:22:45 · 2 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
I have no experience with private loans, but I've heard of friends that had problems with them, including due dates and payment plans. I'd reccommend federal loans. At least that way you can request a deferral if you go to grad school. You can also get a hardship deferral for up to 36 months if you should remain unemployed for a while after graduation. You can also consolidate payments to make them more manageable, although unconsolodiated loans usually charge reasonable monthly payments. With government loans, you know what you are getting.
2007-11-28 06:29:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Some kind of fraud. You will be asked to send money to them to secure the loan, and/or provide your financial and personal information. They will have a problem with your aplication, and say they need more money from you. Guess what - no loan ever materializes. And they have all the information they need to steal your identity and clean out your bank account. And good luck tracking them down when all you have is an email address to go by.
Plus I bet all the offers you received were for free, easily disposable and untraceable Yahoo, gmail or hotmail addresses.
There have been a large number of people on answers complaining about being scammed by these individuals - take a few minutes to do a search and you will see what I mean.
2007-11-28 17:14:55 · answer #2 · answered by Piggiepants 7 · 0⤊ 0⤋