 TITLE: 7 Signs of a Personal Loan Scam CONTENT: 5\\. The Lender Requires Upfront Payment\n---------------------------------------\nReputable lenders do not require you to pay a penny before you receive your loan. If you come across a personal loan lender that demands a processing, insurance or origination fee before they can approve you, walk away fast. The lender is likely a scammer hoping to make a quick buck off of you.\nWhile legitimate lenders may charge application, appraisal and credit report fees, these are typically deducted from the amount you borrow. END