PERSONAL LOAN SCAM

 

PRIVATE LOAN SCAM

Private loan or private lending has led unscrupulous people to exploit the dire financial situations of people and homes in financial difficulty to attract them into real traps. Beyond the certain disillusionment, the financial damages will be added to the already existing financial precariousness.

What is absolutely necessary to know:

  • There is no miraculous private lender who would give credit to a person he does not know and whom he has never seen.
  • The honest private lender goes through a regulated institution or an authorized platform.
  • Only a friend or family member will lend money directly.
  • A website says nothing about the seriousness of an organization.
  • An investor never advertises on the forums by leaving an email address that everyone can register.
  • A rate of interest defying reason should make one suspicious.
  • Finally, no lender will ask for a cash advance to cover administration costs.
  • The private vehicle loan may have the inconvenient for the person lending to remain the owner of the vehicle until the borrower person has repaid the loan.


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PRIVATE BORROWING