I think that the old saying if it sounds to good to be true then its probarly best to steer away from it. I do not believe presonally that theses people will give you anything and if by slim chance they did the payment to either get the loan and then the interest will probarly way to high. I think it is safe to say that you would be better off staying away from this situration. I have head horror stories and never give your account number to anyone exspeccially online.

Tom, your answer is third party heresy as you do not have any experience in money lending obviously.

Dream2dream, I have an online money-lending business. What to watch out for are the payday loans. They will do you no good and you stand the chance to be in more debt than you went into a payday loan office with. If they ask you for your account number, do not give it.

The only information a money lender should require from you is your SSN, contact information, your name, references, and a signature from you agreeing to their common sense terms. All the SSN does is help them identify you if you default on the loan and need to take you to court.