Maricor Bunal
Con artists prey on innocent people who are in need of cash. This is their way of earning money. And if you need cash now, you might be their next prospect.
Don’t be a victim. Read this post to know how to spot them before they prey on you.
Fraudsters make a business out of tricking innocent people, taking advantage of other people’s need for money. And they’re very good at it. They’ll seal a fake deal and walk away like nothing has happened, moving on to their next victim. To avoid falling prey to scammers, it’s a must to know the tell-tale signs of their nature.
Our consultants here at Loansolutions PH encourage you to remember the following questions every time you talk with prospect lenders:
Did the offer sound “Too good to be true”?
If it is, it is probably what it is. “Heaven sent” offers may come straight from hell, one that just meant to entice you and leave you stuck in debt or lose your last cash for nothing.
Did the lender ask for an advance fee?
Fraudsters usually ask for upfront fee; this is one of their ways to earn. So be wise! Don’t give them anything unless they have real evidence to show that your loan is approved.
Was the lender hesitant in giving you the physical location of their office?
Having an office means you have to file for a business permit and remit your taxes. This is what legitimate, authorized lenders do so that they’d get found by many people. This is also a way of establishing their business. If your lender doesn’t have any, he or she might be going off the radar to hide something.
Did the lender seem urgent?
You need the money. So you better hurry because they need the money, AS WELL! A good financing provider will give you more time to consider options, settle your other accounts before signing their contract. That’s a good lender’s way of ensuring you can pay him or her.
Did the lender seem not interested in your credit records?
Fraudsters don’t care about your credit history. They don’t care if you can pay or not because they don’t even intend to lend you money, in the first place. Legitimate providers would always ask for your capacity to pay and existing accounts or debts with other providers, if you have any. This is the best way to verify your identity and credibility as borrower.
Did the lender ask you to wire your money directly to a specific individual?
Now, this is scary! This usually follows you’re told to give them an upfront fee. Sending your money to a person you don’t even know, who probably doesn’t exist or lives halfway across the globe.
Did the lender ask for your credit card info?
If you value your money, don’t let anyone know your card info. Scammers may hack your account and steal your hard-earned cash.
Scammers are everywhere and they’re most present when you’re most vulnerable. To ensure you get the best loan, make sure to get in touch with reliable loan solution providers. Or better yet, allow our agents here at Loansolutions PH to look for a suitable lender on your behalf. Just invest a little time in completing our 3-Step Online Application Form.
