 TITLE: 7 Signs of a Personal Loan Scam CONTENT: 2\\. The Lender Is Not Registered in Your State\n----------------------------------------------\nAccording to the Federal Trade Commission (FTC), lenders must be registered in the states where they do business. If a personal loan lender does not list any states on their website, you may be dealing with a fraudulent one. It's a good idea to contact your state attorney general's office to find out whether the lender is registered in your state.\nIf a lender tells you they are not a U.S. company or are not required to register because they conduct business online, they are either operating a scam or lending illegally. END