This is a heads up for anyone considering borrowing holiday cash.
This warning's from the Texas Attorney General but applies to all Americans. Officials say people should avoid loan offers that require up-front payments. According to this State Attorney General in Texas, legitimate lenders never ask borrowers to pay money up-front in order to get a loan. Officials say if you're asked to wire hundreds of dollars in order to get money loaned to you, there's a chance you're talking to a scam artist. Officials say the scammers will tell you to wire the money to cover the loans' taxes or processing charges. Once consumers send the money, they never hear from the scam artist again.