While a low monthly payment may seem attractive, you may discover, on closer analysis, that it is not in your best interests. For example, some lenders charge fees for processing check payments. Request clarification on any terms or legal language you do not understand.
Do not sign any type of legal agreement if you do not fully understand the terms. Avoiding Personal Loan Scams. Loan scams are real, and you should be wary of offers that seem too good to be true.
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