Libwe Money Lenders

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WARNING SIGNS OF MONEY LENDER SCAMS
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Let’s take a look at some warning signs.
Upfront Application Fees
Be very weary of a lender requiring you to pay an upfront application fee just to apply for a loan. Legitimate lenders will not ask you to pay anything before you receive your loan. Doing this is against federal law and lenders know they can lose their registration or license if they request pre-payment.
Scammers will justify the fee by calling it a processing fee or even try to classify it as collateral required because of your bad credit. Of course, once you pay this bogus advance fee, the scammer will take off with your cash, leaving you in an even worse position than where you started.
Bad Credit, No Credit, No Problem
When a lender claims not to care about your credit history, or has ads that guarantee you will be approved, be skeptical. Legitimate lenders don’t guarantee they can approve a loan until they have assessed your credit history or at least confirmed whether the information on your application form is correct. Even payday loans require you to have a job and a bank account.
The Bottom Line
When you have bad credit and you need cash fast, it’s easy to get desperate and let your guard down. Be skeptical about any personal loan offer you receive, regardless of where you hear about it or how convincing and slick the promotion looks. Scammers work hard to make their scams look professional and legitimate.

For your legit collateral based loan call 0975194597

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