Warning issued on personal loans charging advance fees

Pile of cash
Pile of cash

If you apply for a personal loan but the company you're dealing with wants you to pay them a fee up front, that should raise a red flag. And, it's illegal.

That's the scenario some consumers experienced when they tried to take out a loan with a company called Boardwalk Capital Funding, according to the Mississippi Attorney General and Better Business Bureau, both of which have received complaints.