Does Bidonmyloan.com charge me any “upfront fees” to get bids on a consumer loan online?
Bidonmyloan.com does not charge any kind of fee for the service of matching borrowers with lenders. In addition, no lender that you are matched with through Bid On My Loan will ask you for any upfront fees to “guarantee” or “insure” a loan. Beware if you are asked for a “fee” or “insurance” before completing an application with a loan officer. No legitimate lender does this. Legitimate lenders may ask for and charge an interest rate lock fee, application fee or appraisal fee once you begin working with a loan officer. For your protection, Bidonmyloan.com suggests that you use a credit card when paying any fee.
