When seeking private lenders online, risks often come with high, opaque fees. This form of lending is not trustworthy as they often require payment of a so-called service fee, which is considered an informal upfront fee in the industry. This charging method itself reveals its unprofessionalism, and once the payment is made, it is often difficult for the borrower to get an actual loan. In fact, private lending is often a scam, so it's important to be wary when considering borrowing money.

Many online loan scams are implemented through attractive advertisements, claiming that you can easily borrow money with only your ID card and the interest rates are astonishingly low. However, behind these attractive conditions, there are often traps hidden. The scammer's goal is to gain your trust and then your funds. Therefore, any form of small advertising loan, especially those claiming that the conditions are too loose, should be treated with caution to avoid becoming a victim of fraud.

In general, private lending is not reliable. For online borrowing, it is safer to choose formal financial institutions and transparent loan processes. Before making a decision, be sure to understand the loan conditions and fees in detail to ensure that your rights and interests are not infringed.