TYPES OF LOAN SCAM

TYPES OF LOAN SCAM

Loan scams can take various forms. It’s important to be aware of these types of scams to protect yourself from falling victim to fraudulent activities. Here are some common types of loan scam in the Philippines: Advance Fee Scams In this type of scam, fraudsters pose as lenders but require upfront payment or fees before…

HOW TO SPOT A LOAN SCAM

HOW TO SPOT A LOAN SCAM

It is not easy to spot loan scammers. Scammers employ sophisticated tactics to deceive vulnerable individuals. However, there are several red flags and warning signs that you can watch out for to help identify potential loan scams. Here are some indicators to consider: Unprofessional communication Pay attention to the quality of communication from the lender….

HOW TO HANDLE LOAN COLLECTION HARASSMENT

HOW TO HANDLE LOAN COLLECTION HARASSMENT

Dealing with loan collectors can be stressful, most especially if you are being harassed. Worry not, we have prepared a few steps for as your guide on how to handle loan collection harassment effectively: 1. Understand your rights Familiarize yourself with the Fair Debt Collection Practices Act as it provides guidelines on what debt collectors…