Abacusmortgageloans.com?

Question

Has anyone ever heard of them and are they a scam?

Answer 1

Anyplace that advertises that the specialize in loans for people with bad credit is likely to be either a scam or someplace that preys on the poor by charging them outrageously high interest rates that they must know these people can never afford to pay back.

If you don't qualify for a regular interest loan at a bank or credit union, don't dig yourself into a deeper hole by taking money from places like this -- instead, work on improving your credit so you can free yourself from debt instead of getting further behind.