Don’t get Zapped by Zippyloan

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What is an unsecured loan? It is a¬†loan that ¬†supported by the borrower’s high credit score rather than collateral like your car, home, or paycheck.

We received an email solicitation for an unsecured loan from Zippyloan claiming they could lend us up to $15,000 by tomorrow.

The email had a headless picture of a young couple moving furniture into their new home which might suggest they were creditworthy enough to qualify for loan without providing a title to their car or deed to their home. It is also reasonable to assume they would be short of cash, endeavoring to furnish their domicile, and in need of a one time personal loan.

Some research on this internet lender finding service revealed that zippyloan will match you up with a lender even if your credit score is low. I was unable to determine if it was the borrower or the lender that paid zippyloan for its services. Do understand that if your credit score is low, you will be hooked up with lender who will demand you pay a high interest rate for the risk they would be taking.

Unsecured loans can bankrupt you
Unsecured loans can bankrupt you
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