Etini
Valued Contributor
What scam loan companies do is to ask you to provide a fee for loan processing or insurance for the loan and after that, you would not hear from them again as they have absconded with your money. How do you get to know a scam loan company?
1) They tell you that credit score doesn't matter. They promise you that irrespective of how bad your credit history is, they would give you a loan. It is scam.
2) They are the ones that contact you and pressurize you about their loan offers. In the financial lending industry, it is customers that seek out providers and when providers have to seek out customers with pressure to take a loan, it is likely a scam.
3) No history of registration with regulatory authorities: They can't provide or display their license no or registration number on their site or app for customers to reference.
4) They usually have unprofessional app and site because they are scam and won't invest in developing their app or site.
1) They tell you that credit score doesn't matter. They promise you that irrespective of how bad your credit history is, they would give you a loan. It is scam.
2) They are the ones that contact you and pressurize you about their loan offers. In the financial lending industry, it is customers that seek out providers and when providers have to seek out customers with pressure to take a loan, it is likely a scam.
3) No history of registration with regulatory authorities: They can't provide or display their license no or registration number on their site or app for customers to reference.
4) They usually have unprofessional app and site because they are scam and won't invest in developing their app or site.
