I can’t specifically speak about these lenders. Did you find out about these lenders through our Bad Credit Loans site? If you are applying for a secured loan you will need to put capital up front to secure the loan. So that is fairly standard for this type of loan. Since I haven’t seen the contract I would urge you to review it in detail so there are no clauses you don’t feel comfortable with. If you haven’t used our online application for your loan you can also try there so you feel a bit more confident. Another option is to contact the BBB or the http://www.nomoredebts.org so they can advise about the legitimacy about the lender.

Good luck, Miriam