List of fake loan companies

Friends, I have exposed 100+ list of fake loan companies and apps. If you want to know about the fake loan companies. Then, read the complete article. And get aware from these fraudulent companies.

In today’s world when the financial needs are common concern, people find loans to fulfill their financial requirements. In now a days personal loans on a online lending platform is the easiest way to grab a loan, who are looking for an instant loan.

Many of the loan companies are present in the internet but not all companies are legitimate or many of them are fake loan companies also they are engaged with fraudulent activities. The fake loan companies target the individuals who are in need of urgent cash loans and can often give them financial ruin.

Therefore, It is important that be aware from these fraudulent loan companies and avoid falling in to their traps. The fake loans companies or apps are generally the 7 days instant loans or payday loan apps these apps are cheat the individuals by telling them about instant loans. These fake loan companies tells you to give you  loan instantly without any paperwork or any documentation or verification.

what are the list of fake loan companies?

Fake loan companies are the fraudulent companies or dishonest mobile application which are promise you to give instant cash loans but actually they are doing easy loan scams.
They act like a legitimate companies but actually theft your personal or financial information and sell it to big financial giant companies like credit card companies and private banks.

The fake loan companies also request for upfront fees in the name of loan processing fees and then disappear with the money without providing any kind of loan.

Here, In the blog post we provide a List of fake loan companies that you should watch out for:

Tips to recognize the fake loan companies

In the fake loan companies there is no requirements of  credit check for the loan. They promise easy loan access without checking your credit history. In fact they are ready to approve your loan in poor credit history.

‌They request you for upfront fees in the name of processing fees for loan criteria and disappear without providing of any kind of loan.

‌In the fake loan there is very high intrest rates and unrealistic loan terms.

‌They request for very very personal or financial informations like your credit card details your bank account details.

‌They have poorly designed or laging app interface.

‌They didn’t registered any physical address or information about the company.

‌They didn’t provide any contact information for the costumers.

‌They didn’t have transparent terms and conditions.

check out the legitmate online loan by fintechzoom

online loans fintechzoom

By fintechzoom.com some legitmate online loan platforms:

1- lending club

2- Marcus by goldman sachs

To avoid of stuck in these fake loan companies:

If you have to borrow money from a genuine company. You should have to see these tips:

‌you have to collect information about the loan company . Before trusting the application. Get research about the trustworthy company.

‌A genuine loan company will be care for your credit score or don’t provide you the loan easily if you have poor credit score.

‌you have to check the reviews about the company from the experienced costumer.

‌check the rating of the company on the play store/app store.

‌If the company requesting for upfront fees or processing fees then understand that the company is fake because the legitimate company do not ask for payments before providing funds.

Conclusion

In conclusion, the list above serves as a reminder for individuals to stay alert when seeking loans online. By being aware from these fake loan companies and their tactics, individuals can protect themselves from falling victim to fraudulent activities.

Always remember to thoroughly research a loan company and never provide the personal or financial information to unknown or untrustworthy companies. And also don’t give any upfront fees or processing fees to the company.

FAQ’s