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When you need money desperately, they offer you loans with upfront fees that you cannot pay Isn´t that something absurd?

What can someone do in such cases when you would like to go ahead with your investments and nobody helps?

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Well, this is just a thought...How about you get a job, save some money, and then use that money for the upfront fees...Then you can go ahead with your investment.

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It's only absurd when someone signs a contract to pay all those fees; and people do. It's hard to find someone to help give you money! They want to be paid for their services.

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wickedpissah

Welcome to capitalism.
Nobody said it'd be fair.

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It might look absurd to those who get the loans but the other way round to those who give the loan. Upfront fees are used as security and it is one of the required disclosures at loan closing.

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Absurd... Yes And perfectly legal!

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The easiest way to get a loan: show 'em you don't need the money.
The 2nd easiest way: show 'em you could re-pay the loan yesterday.
***
The more "desperate" you are, the higher the cost.

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