I was approved for a personal loan, through a company called lendservcorp, however she says that there is a processing fee. I have never heard of this before. Does anyone know anything about this. The loan was for $4000 and she said I had to pay $350 to get process the laon and to get my funds.

hello leolady.
it's a scam.
They'll probably want an upfront for 'insurance' or some nonsense, sent by Western Union. If send them any money this way, you'll never see them or your money again.
well u can go for good options about perosonal loans on freefainncialinfo.net
cheers

A processing fee of nearly 10%? This should raise some red flags right away.

If you have to pay money up front to borrow money, it is not a good deal and probably a scam. I searched around for this company name and everything I found had been flagged and/or removed.

Along a similar line are the emails requesting your assistance in collecting some money from a foreign account, government entity, insurance money, next of kin, business transactions to be forwarded, etc. They want your banking information so they can clean out your account. Sometimes they want you to wire some money to establish the relationship, or cover some up front administrative costs. In the end, you will lose your money.

Suggest you run the other way...

Actually, these type of programs are why I prefer brick and mortar banks for all my loans.

__________________
Never sign intellectual property agreements...

I ran across this article on the FTC website which says the same things we have been saying here.

The Truth About Advance-Fee Loan Scams

The Truth About Advance-Fee Loan Scams

If you pay processing money to borrow money, it is not a good deal.

__________________
Reverse Mortgage
Reverse mortgage Canada