How to Avoid Payday Loan Fraud

This describes how to avoid payday loan and cash advance loan lending fraud in Kansas City. Don’t allow unscrupulous payday loan lenders to take advantage of you.

While there are many payday loan cash advance Kansas City lenders who have good reputations, there are many who don’t. Since payday loans do not require a credit check, unscrupulous individuals sometimes take advantage of borrowers who need cash immediately. From posing as legitimate businesses to harassing customers for late payments that they do not owe, these are people to avoid.

Fortunately, there are a few signs that you can look for to avoid being entangled in a cash advance loan Kansas City lending fraud. If you have recently acquired a cash advance loan but are receiving calls that payment is due in full, you are probably dealing with fraud. In the same way, getting a call from a “lender” who demands your personal information over the phone in order to complete your loan is also not to be trusted. If you receive calls or emails like these, follow these guidelines to remain safe:

•    Never give your personal information, address, or banking numbers to someone over the phone.
•    Verify who the caller is by asking for the caller’s contact information, address, and so forth to find out of the information matches your lending company’s.
•    Request the lender’s state license number. A legitimate company will have no problem supplying this. Compare it with known state licenses.
•    If the caller tells you they are your lender but asks you to confirm that you are the correct person by supplying personal information, hang up and call your lender to confirm that they requested the information.

Following these responsible practices will keep you and your finances safe when using cash advance loans. If you don’t already have a loan but need one, be sure to visit a payday loan cash advance Kansas City lender today.

This described how to avoid payday loan and cash advance loan lending fraud in Kansas City. Unscrupulous payday loan lenders will take advantage of you if you are not armed with the knowledge described above.

Looking for a Kansas City payday loan or cash advance loan in Kansas CityCall Waldo Financial today at (816) 333-6800.

KEYWORDS: Kansas City payday loan, Kansas City cash advance loan


Leave a Reply