How To Know If A Loan Site Is Reliable

Is Loan Site Reliable? Unsecured Loan or Dirty Name Loan – ” I was approached by a company that offered me a personal loan but had to pay a fee to get the money. How do I know if the offer is legitimate or not? “Well, more and more lenders and lending companies are online, this is a delicate issue, there are so many loan fintechs, correspondent banks and credit brokers that have never seen each other speak and are now operating freely and exclusively over the internet.

But there is one detail, many platforms, websites and loan blogs are legitimate, however, a good many of these were created just to hit internet users. They are made to extort money, get personal information (identity theft) and details get bankers to carry out frauds. In these schemes the requested money will never be deposited into your account. In general, they leave the victims with no way to recover the money requested by them in advance.

Loan fraudsters are everywhere on the web, disguised as serious business sites with fake addresses and hard-to-find voip phones. How can you detect a scam or fraudulent website? What should you do if you lost your money when borrowing money from a fake loan website?

How to detect fake personal loan scheme?

How to detect fake personal loan scheme?

It can be very difficult to identify when a loan site is trustworthy or fake, or when the credit brokerage company is physically based. Although we all know the names of banks and financial better known, the most likely is we do not remember or know the names of some of the largest online lenders with the exception of Crefisa loans, Portal IbiCred Online, Losango personal credit etc.

How to find reliable loan websites?

How to find reliable loan websites?

Many are found through searches done on Google or Bing and in small search engines and taken to sites on the internet. The big call is the negative worker loan, restricted loan and dirty name loans, ie the victims are generally people who can not take credit in conventional way in banks and financial institutions.

What is the level of trust on the internet? Few! The fact that many people are looking for personal loans because they need to borrow money quickly and because they do not have many options has made this niche market a hot and easy place for fraudsters to act virtually unpunished. So the best advice is simple: “Be very careful and cautious.” Here are five things that someone who wants to pick up or find an online loan should know.

1. Do not trust every loan offer

1. Do not trust every loan offer

Email Loan ; loan by whatsapp ; telephone loan ; internet loan… It seems great to be able to make personal loan in one of these four ways, however, many people are caught in loan scams precisely by one of these easy ways to borrow money.

If you are surprised by someone offering personal loans, whether by text, email or through a phone call stay alert and distrust. Legitimate lenders simply do not contact people without them. It may be worth following the next steps to check your lender, but it probably will not be the end of the scams, however, it indicates suspicious behavior.

2. Ask, “Is this loan too good to be true?”

2. Ask, "Is this loan too good to be true?"

Good Offer Too : You’ve come across a lender, the next step is to ask, “Is this loan offer too good to be true? “The truth is that there are many legitimate lenders who offer loans to people with bad name and bad credit history, payroll loans are one of them, secured loans too, but not any candidate who will be approved regardless of your credit history do not exist or are owed in the square.

Very low interest rate : Likewise, offers of loans with extremely low interest rates in short-term operations do not exist, be smart, most of the real lenders in the financial market are unable to offer personal loans with midsize or large values low and short-term rates. Deals that look too good and with too low interest rates are actually the gimmick. However, this does not mean that there are no serious creditor companies that want to take on similar offers that we speak of.

Fraudulent loans are growing more and more on the internet, the websites are getting sophisticated and well made, so you should check other signs that the company is legitimate both on the internet and in the real and physical world.

3. Check for signs of real world presence and permissions to operate

3. Check for signs of real world presence and permissions to operate

All credit brokers, official creditors and lending companies that offer their clients loan or financial services must have records at the boards of commerce and authorizations of banks and financial institutions as bank or non-bank correspondents to be able to carry out customer collection operations for credit.

You can check the credentials and authorizations through the associations of credit correspondents such as Aneps – National Association of Credit Promoters and Correspondents in the Country and the Febraban Certification website to know if the company and the correspondent banking or broker is fully authorized, besides of course to call the bank that the company says to represent.

4. Check loan company data

4. Check loan company data

These credibility checks have never been as important as now, mainly because some fraudsters are using CNPJ and legitimate creditor registration numbers, they are also using their names, as well as the forms of identification such as addresses etc., this modality is known as a scheme of loan clone.

In the same way as lenders investigate the borrower, the borrower should investigate the lender.

The only way to protect yourself against loan scams is to carry out all the checks without being lazy, as we said in the first few paragraphs, to be particularly wary of unsolicited phone calls, emails and websites that ask for advance money before releasing the credit. Read too:

  • Why are loan frauds increasing?
  • 18 Tips For Getting A Loan Safely
  • Personal Loan and Credit Information
  • Personal Loan: How to Access Credit?
  • Loan on websites

5. Be wary of deposit requests and prepayments

5. Be wary of deposit requests and prepayments

Ultimately, the biggest sign of a loan scam is having to make any kind of prepayment of cash, usually 5% to 10% of the amount to be released. Lenders and fake loan companies (usually fake dealers or credit brokers will give the following reasons for asking for advance money:

  • Advance insurance is required to cover the loan
  • The Fee or down payment is to cover notary fees and attorneys’ fees.
  • Need to pay a guarantor or guarantor to release the fast loan
  • It is necessary to pay a portion of the loan in advance as a broker commission
  • To unlock the IOF and release the loan you need X value.
  • The advance fee is for legal fees and expenses to release your loan.

These are some ways to try to fool the credit taker, however, there are many other malandragens, stay tuned. Remember that an additional payment before releasing a loan does not make any sense, after all it is you who needs the money and not your lender. Never deposit any advance money to get personal loan.

Be wary of signing up and sending documents to lending companies that require payment in advance – chances are 100% that it is a fake company. This rule is a bit problematic, but in Brazil creditors and credit brokers are not allowed to take any amount or advance fee to set up the loan.

6. Drop in the scam or loan scam scheme?

6. Drop in the scam or loan scam scheme?

REPORT : You fell into personal loan fraud, look for one of the virtual crime police stations. In this specific case of financial crimes access the website of the Federal Police, one of them is to activate one of the police stations specialized in cybercrimes that are qualified to solve several cases of Internet fraud.

There are several police stations of this type distributed throughout all Brazilian states, check the list of digital crime police stations here. Upon contacting, you will be directed to register an Occurrence Bulletin to begin the investigation process and wait for the most appropriate solution.

Recover Lost Money In Loan Fraud

Recover Lost Money In Loan Fraud

When a cash value is lost in a personal loan fraud, the chances of recovering the values ​​are virtually nonexistent, first that when making a legal lawsuit against these loan companies is unlikely and often a bit difficult.

Most fraudulent companies are only online, some totally hide in the anonymity of having no corresponding physical address, and, any problem knock down the site and ready, create another and thus perpetuate their crimes online. However, banks may be able to help in cases of fraud.

Get financial help with personal loans

Get financial help with personal loans

Many of the loan scams applied on people are given simply because they are desperate to get money and more loans, in addition to extremely concerned about problems with debts in this post being without debt taking personal loan cleared up some doubts.

It is worth remembering that the options for repaying a loan or a debt include formal agreements with monthly payments, interest increase and a fixed period of time in contract. So be sure that getting a dirty name loan or any other type will meet your needs and help more than mess up.

How to stop fake loan companies?

How to stop fake loan companies?

When we wrote an article similar to this for the first time in 2011/12, we felt that the increase in loan fraud was due to the economic crisis that began in 2008/09, causing household finances to fall and credit made it more difficult to be released.

In retrospect, we currently see the growth of companies, fintechs and sites of money for negatives and dirty-name loan thriving on the internet, the problem now is that easily the fraudsters have fed a market of estelionato in the same mold and environment where legitimate companies are acting and disputing the same customers.

Always do online searches and surveys to make sure the company and the loan you are asking for is reliable, only in this way it is possible not to fall for scams and fraud online.