Scammers are quick to change up their tactics but seven warning signs always seem to come out and give the fraud away.
Legit online loan companies will always want to do two checks on your credit report, a ‘soft’ inquiry and a ‘hard’ inquiry.
It used to be that scam lenders would ask you to wire an origination fee from your bank account for processing the loan.
Don’t believe a lender if they say they don’t need to register because they are totally online or because they are not a U.S. company.
Most lenders are going to have a corporate office building or at least a physical address. Even online lenders will have offices somewhere.
Never click on a link or open an attachment in an email that is from someone you don’t know, just don’t do it.