ave you heard all the loan the application step.
broker scam stories? (There
So you give them your bank
are a lot of them!) account numbers, your credit card
So you are down on your luck and numbers and your social security
looking for the perfect loan. You or if Canadian, your SIN number.
need money and you need it fast. More than 5 million people in
Bad credit rating, bad credit North America alone have been
score and nowhere to turn. Or you victims of a loan broker scam
just need a quick loan to cover this past year.
the holiday purchases. A little
Once they tell you your loan
bit to hold you over till your is approved they request money as
tax return comes in.
a security fee on your signature
Beware!!
of monthly payments.
There are unscrupulous people
As soon as they receive the
out there just ready to pounce on money, they are gone. And so you
your misfortune.
too have now become the newest
Not only will they steal your victim of a loan broker scam.
hard earned and hard to raise
There are many loan broker
money. They will steal your most scams out there. Everything from
precious hopes and your 1 800 numbers, PO Boxes, to phony
dreams.
make ship offices (that are gone
If you have given them any in a month), with no forwarding
personal or private information address.
they will harvest that for a
The consumer that finds
later date. And of course you himself a victim of a loan broker
HAVE given them all the scam usually puts himself/herself
information they requested.
in a much bigger financial hole.
Someone that seems so They could spend months trying to
trustworthy and caring of your get back on their feet. They
situation needs it to get you to could also have set themselves up
for bigger worries down the line. processed quicker.
Identity fraud is usually the 4. They won’t let you know where
next step in these cases. They their office is situated at.
now have all your personal 5. They are not affiliated with
information and this could haunt any credited financial
you forever. institutions.
Loans that require an advance
A few things to do to protect
fee are just another loan broker yourself;
scam that is looking for new
1. Make sure you do not give
victims.
any personal information till you
They appeal to the unemployed, check them out.
the down and out, those with bad 2. Make sure they have an
credit and those in need of quick address, (a physical) location
cash.
you can visit.
Once you read that a loan will 3. Make sure they have a secure
be quarantined regardless of your web address.
credit history, you should see 4. If they ask for money upfront,
red flags.
do not give it to them.
How do you know you are 5. It is against the law to
dealing with a loan broker scam request money of any kind until
company?
your loan is approved.
Fortunately, there are many
Always keep in mind that you
things to look for.
need to check out the details of
1. They want your money and the companies you are dealing
personal information before they with.
give you your loan application.
There are many financial
2. They press you to act quickly, institutions and online sites
most times to do it on the spot. that are legitimate and are
3. They need you to do everything willing to help you.
right away so the loan can be
Don’t sign anything or give
away any personal information "728x90_as";
till you know who to trust.
google_ad_type = "text";
border-color: #FFFFFF;
background-color: #F5F7FB; google_color_border =
border-left: #BAC9FF 1px solid; "F5F7FB";
border-right: #BAC9FF 1px solid;
margin-top: 5px; margin-bottom: google_color_bg = "F5F7FB";
10px;" valign="top"
align="center"> google_color_link =
"0000FF";
type="text/javascript">
"http://www.isnare.com/adsense-al
t-728x90.php"; type="text/javascript"
google_ad_width = 728;
google_ad_height = 90; src="http://pagead2.googlesyndica
tion.com/pagead/show_ads.js">
google_ad_format =
Article Tags: broker, information, loan
