Valuable information from guest contributor Bankrate: 9 ways to spot personal loan scams
According to Bankrate:
Consumers lost a total of $3.3 billion collectively in 2020 due to fraudulent practices according to the Federal Trade Commission. The financial experts at Bankrate created a guide that outlines nine different ways to spot personal loan scams and includes information on the following:
- Common types of loan scams
- Who is most at risk for being scammed
- What to do if you’re the victim of a scam
How can you determine whether a loan company is legitimate? What are the common signs of a potential loan scam? Check it out here!