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1. • • The best way to avoid this is to delete any pre-approval texts, report them as spam, and block the number. Only apply for personal loans on verified, reputable lender websites.
     lendedu.com/blog/how-to-avoid-personal-loan-scams

     How to Avoid Personal Loan Scams - LendEDU

2. www.forbes.com › how-to-avoid-a-personal-loan-scamHow To Avoid A Personal Loan Scam – Forbes Advisor

   www.forbes.com › how-to-avoid-a-personal-loan-scam

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   Apr 22, 2024 · Getty. Personal loan scams are fraudulent loan offers that aim to collect sensitive personal information and fees from victims—with no intention of ever extending a loan. Luckily, you can avoid...

3. www.marketwatch.com › guides › personal-loansHow To Avoid a Personal Loan Scam - MarketWatch

   www.marketwatch.com › guides › personal-loans

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   Sep 17, 2024 · Personal loan scammers may try to deceive you by using a fake company name, logo or false caller ID number to impersonate a legitimate lender and gain your trust. The goal of their scam...

4. Videos

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     Loan Fraud: How Scammers Get Free Money In Your Name | Aura

     May 18, 2022

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     Loan Scams | Here Are 5 Ways To Spot Personal Loan Scams | CNBC TV18

     Aug 7, 2023

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     How You Can Identify & Avoid Scams (on Venmo, Loans, Insurance, Identity Theft)

     Apr 20, 2023

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5. www.sofi.com › learn › content12 Signs of a Personal Loan Scam | SoFi

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   Sep 29, 2023 · Here are 12 warning signs to look out for. 1. Phone Offers. If you receive a phone call offering you a guaranteed personal loan or unusually low interest rate, it’s most likely a scam. Reputable lenders do not cold-call potential customers. It is illegal, in fact, to make loan offers over the phone.

6. www.finder.com › personal-loans › personal-loan-scams10 warning signs of a personal loan scam - finder.com

   www.finder.com › personal-loans › personal-loan-scams

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   Mar 15, 2024 · In general, loan scammers will present themselves like legitimate personal loan lenders. But certain clues, like a missing physical address, can be good ways to spot a fake loan. Phone calls and social media messages are common ways for a scammer to contact potential victims.

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7. www.livemint.com › money › personal-financePersonal Loan: Common scams and how to avoid them - Mint

   www.livemint.com › money › personal-finance

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   Mar 13, 2024 · Cease interaction and safeguard your personal information: Refrain from responding to calls, emails, or texts to avoid signalling your vulnerability. Avoid disclosing personal information...

8. www.investopedia.com › personal-loan-scams-toPersonal Loan Scams to Watch Out For - Investopedia

   www.investopedia.com › personal-loan-scams-to

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   Sep 12, 2024 · Online personal loans are safe if you're working with a verified, reputable lender. Learning how to recognize personal loan scams can help you avoid untrustworthy lenders.

9. People also ask

   How to avoid personal loan scams?

   • Luckily, you can avoid these scams by keeping an eye out for red flags like upfront fees and vague or nonexistent lending requirements. When shopping for a personal loan, you can also avoid scams by reading online reviews and getting lender recommendations from friends and family. What Are Personal Loan Scams?

   How To Avoid A Personal Loan Scam – Forbes Advisor

   www.forbes.com/advisor/personal-loans/how-to-avoid-a-personal-loan-scam/

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   Is a phone call a scam?

   • If you receive a phone call offering you a guaranteed personal loan or unusually low interest rate, it’s most likely a scam. Reputable lenders do not cold-call potential customers. It is illegal, in fact, to make loan offers over the phone. You ‘ll want to look for lenders that advertise through traditional online and mass media. 2. Upfront Fees

   12 Signs of a Personal Loan Scam | SoFi

   www.sofi.com/learn/content/loan-scams/

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   What is a loan scam?

   • A loan scam is a fraudulent offer for a personal loan. This is done either to gather information like your Social Security number or to convince you to pay for a product you won’t receive. In general, loan scammers will present themselves like legitimate personal loan lenders.

   10 warning signs of a personal loan scam - finder.com

   www.finder.com/personal-loans/personal-loan-scams

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   How do you know if a personal loan is a scam?

   • You may also be able to distinguish a scammer from a legitimate lender based on their pitch. If the lender guarantees approval, is vague about fees and loan requirements, or indicates that your credit score is irrelevant—it’s likely a personal loan scam.

   How To Avoid A Personal Loan Scam – Forbes Advisor

   www.forbes.com/advisor/personal-loans/how-to-avoid-a-personal-loan-scam/

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   How do you spot a loan scam?

   • This is done either to gather information like your Social Security number or to convince you to pay for a product you won’t receive. In general, loan scammers will present themselves like legitimate personal loan lenders. But certain clues, like a missing physical address, can be good ways to spot a fake loan.

   10 warning signs of a personal loan scam - finder.com

   www.finder.com/personal-loans/personal-loan-scams

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   What are the most common personal loan scams?

   • Some of the most common personal loan scams involve fraudulent lenders acquiring your information or funds by promising a loan without a credit check. Others make unsolicited loan offers and then collect upfront fees or collateral before disappearing.

   How To Avoid A Personal Loan Scam – Forbes Advisor

   www.forbes.com/advisor/personal-loans/how-to-avoid-a-personal-loan-scam/

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10. thecreditreview.com › personal-loan-scamsPersonal Loan Scams: How to Avoid Fraudulent Lenders

    thecreditreview.com › personal-loan-scams

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    Mar 19, 2024 · The Credit Review. March 19, 2024 Personal Loans. Advertiser Disclosure. Key Takeaways. Legitimate Lenders Don't Charge Upfront Fees: A lender demanding payment before offering a loan is a major red flag. Legitimate lenders might deduct origination or closing costs from the loan amount itself.