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How to Avoid Lending Scams

 
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Graysonaw



Joined: 25 Aug 2009
Posts: 47

PostPosted: Thu Feb 13, 2014 1:32 am    Post subject: How to Avoid Lending Scams Reply with quote

Here are 3 tips for avoiding popular lending scams:

1. Run away from fee collectors: A lending scam is usually present if high, upfront fees are paid directly to the lender.

2. Obtain references from the lender: Although real references are hard to verify, always ask for references from the lender�s clients. If only one reference is provided, this may be a red flag.

3. Look for reviews about the lender online: If you find good reviews, but you also notice some very bad reviews, take warning.
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