If youвЂ™re looking for a loan, itвЂ™s vital that you be vigilant and keep your guard up against potential loan providers before you consent to any such thing. If you notice any warning flag while youвЂ™re contrast shopping, follow your instincts and steer clear.
All share some of the same traits that should be major warning signs to borrowers while the specific details of a loan scam vary from scam to scam, predatory lenders.
We may appear to be a broken record, however the biggest red flag of them all is when a loan provider wants a fee that is upfront.
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