Bad reputation Loans In Canada - Scams? Be specific

Student Loans Canada - Bad reputation Loans In Canada - Scams? Be specific

I got a call at 6:30 am this morning ( Ouch ) from a young 20 year old woman got scammed with canwestcredit.com. She was at work and couldn't spend a lot of time reading our site which is full of data on these Bad credit loan scams.

Student Loans Canada

This painted a scenario for somebody who would apply for a bad credit loan.

If you've got bad credit and recently have applied for a loan with Royal Bank, Td Canada Trust, Bank of Montreal, ScotiaBank, Bank of Commerce, and have been denied, then you need to take heed to that.

There are other lenders that may help you out such as HouseHold Finance, which is a High Risk lender.

The point is, if you're desperate for a loan, you're probably going to shop at places on the internet that indicate that they can help citizen with bad credit.

The scammers are telling unsuspecting citizen that they can help give them a "bad credit loan". This is obviously spirited to those who are desperate for money.

First Point To Know:

It's illegal for a loan enterprise to ask for a fee or down payment up front in order to give you a loan. This is the first alarm bell.

If a bad loan credit officer asks you to wire them money via moneygram, or western union, your money will most likely disappear!!

Second Point To Know:

If you're not customary with the bad credit lender, then they may not be legitimate. If you're seriously reasoning of dealing with this company, you need to keep in mind that lenders and mortgage brokers must be licensed to do enterprise in your province. You can call consumer Protection-Corporations branch to see if this bad credit loan enterprise is registered with the Provincial or Federal governments. ( Banks are registered Federally in Canada )

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