Monthly Archives: June 2017

How to Reclaim Money from Loan Scammers

Several different types of loan scams exist that affect loans of all kinds. Whether you are taking out student loans, auto loans, mortgage loans, or taking on debt of any kind, be on the lookout for fraudulent loans. Some scams will steal your identity and money, while other illegal loans that are more difficult to detect use predatory loan tactics to cheat you out of money. 5 Things to Watch out for When Taking out a Loan Ignoring credit history: A lender that says, “we don’t care about your credit score,” or doesn’t disclose they will pull up your credit report before allowing you to borrow, is probably a loan scammer. Lender is not registered with the state: According to the Federal Trade Commission, lenders must register to do business in the state they are in. Checking the lender’s website should allow you to locate information connecting the lender to…
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