Loan request safety checklist
Protect your information and watch for advance-fee loan scams.
Confirm the lender’s identity, look for licensing information, check the complete contract and avoid anyone demanding an upfront payment to guarantee funding. Do not send passwords or one-time security codes to someone claiming to approve your loan.
What to check next
Review repayment dates, total cost, applicable state law and the lender's identity. A submitted request does not guarantee approval or funding. See the cost guide, state rules and safety checklist for additional context.
Consumer reference: CFPB payday loans.
Not a lender. Terms, eligibility and availability vary. Updated October 12, 2026.
Questions borrowers often ask
How can I recognize a loan scam?
Be cautious of anyone demanding an upfront payment to guarantee a loan, requesting gift cards, or refusing to identify the lender and provide written terms.
What should I check before sharing bank details?
Verify the lender identity, read the privacy and consent notices, and understand any authorization for electronic withdrawals.
Where can I report suspicious lending activity?
You can submit a complaint to the CFPB or report suspected fraud to the FTC using their official websites.