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A loan offered over the phone. It is illegal for companies operating over the phone within the United States to promise you a loan or credit card and ask you to pay before giving it to them.

A provider that uses an imitation or similar name to others. Malefactors often choose names for their companies that sound similar to those of reputable or reputable organizations and create very professionally designed websites. Some opportunistic scammers have masqueraded as representatives of Better Business Bureau offices, a major bank, or other reputable organizations; And there have even been a few cases of fraudsters printing fake stationery or paying some people to give good referrals. Always look for the company's phone number in the phone book or ask the information service and call to verify that the provider is who they say they are. Also get the physical address of the company:

A provider that is not properly registered in your state. Loan entities and loan officers must register with the state in which credit check through teletrack they operate. To check if the provider is properly registered, call your state Attorney General's office or your state's Department of Banking or Financial Activities Regulation. Verifying that the provider is registered does not necessarily imply that you will be satisfied with their services, but at least it will serve to rule out fraudsters.

A lender who asks you to make a money transfer or pay a certain person. Don't pay anyone directly to get a loan or credit card; Lenders who operate legitimately will never ask you to do so. Also, don't use a money transfer service or send money orders to get a loan. If you have a problem with your money transfer, you will have few resources to solve it, and legitimate lenders do not pressure their clients to wire funds.

Finally, don't assume that a finely crafted mail-in promotion, a prominent loan advertisement in your neighborhood, or published in your newspaper, or an advertisement broadcast on television, the internet, or the radio is a deal. convenient - or even legitimate. Opportunistic scammers work hard to make you think they are legitimate, so it is very important that you take the trouble to investigate.

 

 


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