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Loan scammers even use fake company logos, false caller ID numbers and other tricks to impersonate legitimate agencies and gain trust. In offering you a loan, their goal is to do one or more of the following: Obtain personally identifiable information (PII) or financial information, like your SSN or credit card number.

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September 3, 2021. BBB Scam Tracker is receiving reports of scammers masquerading as legitimate loan providers. The phony lenders guarantee a quick loan with no upfront fees. But victims who ...

Blue Wave Loans: Pros & Cons, Rates, Eligibility & More (Honest Review)If everything seems solid, you can contact your state attorney general’s office to see if a business is registered with the state. Loan companies are required by law to register before they can do business, so this is a great to see if they are legitimate. You can also check with your state’s bank regulator.

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Positive Customer Experiences. One of the strongest indicators of a legitimate lending platform is positive customer experiences. When researching Blue Wave Loans, you will come across numerous testimonials from satisfied borrowers who have had successful loan transactions with the platform.

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