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Research conducted by specialist bank The Mortgage Lender suggested that Brits have a limited understanding of credit scores: nearly two-thirds (62 per cent) of the 2,000 UK adults surveyed said ...
Consider the following tips to avoid potentially damaging scams. 1. Unrealistic guarantees for approval. One of the easiest ways to spot a loan scam is the promise of guaranteed approval.
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The expansion of accessible credit can come with a downside of exclusion as people with poor credit (those that are considered high risk by credit scoring systems) become dependent on short-term alternatives such as licensed money lenders (the home credit industry), pawn brokers, payday lenders, and even loan sharks. [18]
For premium support please call: 800-290-4726 more ways to reach ... If you apply with a lender offering bad credit loans, you could get approved with a score as low as 560 or no credit score at ...
The fraudsters also spoof the caller ID number of the homeowner's actual lending institution, further convincing them of the call's legitimacy, the agency noted.
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