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Tips For Avoiding Advance-Fee Loan Scams...
Legitimate lenders never "guarantee" or say that you are likely
to get a loan or a credit card before you apply, especially if you
have bad credit, no credit,
or a bankruptcy.
If you apply for a real estate loan, it is accepted and common
practice for lenders to request payment for a credit report or
appraisal. However, legitimate lenders never ask you to pay for
processing your application.
Never give your credit card account number, bank account
information, or Social Security Number over the telephone or
Internet unless you are familiar with the company and know why the
information is needed.
If you don't have the offer in hand -- or confirmed in writing --
and you're asked to pay, don't do it. It's fraud and it's against
the law.
Source
= Federal Trade Commission.
Consumer Credit Info Index
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