Directly from the Better Business Bureaus (BBB):
"[after applicant fills out easy application] A few hours or days later a friendly, polite telephone caller responds with the good news. The loan has been approved, but an insurance fee, processing fee or three months advance payment is needed before the loan is released and the check delivered. The customer is asked to pay the fee immediately through electronic transfer of the money. The money is picked-up by the ?loan? broker, but the promised loan never arrives and the up front fee paid by the consumer (which can total several thousand dollars) is lost."

DON'T DO IT!!! :)

calls my cell phone every 2 days or so. wants to loan me money. tried replying with "stop" but didn't work.
hope they catch this jerk.

Got another "Do you need some money?" spam text to my cell phone.  The last one I got from these jackwads came from 562-381-3045.  Golly, I wish I knew who they were so I could send a venom-o-gram in thanks.