Do Companies that give bad credit personal loans allowed to ask for a couple months payment up front?

Question by thinline: Do Companies that give bad credit personal loans allowed to ask for a couple months payment up front?
I applied for a bad credit perosnal loan online. A company called Birchmount Lending called stating i was approved for 5000.00, with monthyl payments of 224.54 for 2 years. But since my credit wasnt the best i would have to give them 4 payments upfront. Tell me what you think

Best answer:

Answer by ?
I think you need to tell them you’re not interested. Your interest rate will be so high. Legitimate loan companies don’t ask for money up front.

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