Six tips to help you recognize a scam bad credit loan

The suffering and despair for the credit crisis continues and job losses led to a new growth of the industry have produced.

Bad credit loan scams

This is something especially terrible because These People who work in scams Those who need help Most are prey, and no matter if They put the final nail in the coffin of a financial family.

People drowned, suffocated under that debt, poor credit and are bombarded with ads like these, and manysimilar.

Looking for a loan or a credit card, but I do not think you'll qualify?

Down by a bank because of your credit history Poor now?

You can get a loan immediately. Guaranteed. No credit check and low interest rates!

A person who is desperate for a loan easily through ads and websites like this temptation is, because they provide a simple and fast recovery from poverty.

However, they say, is that felt better than cure;

Let's look to top-offRip-off.

Only one of the following steps, you should increase the antennas, and more than one of them should send you looking for another lender.

1) When a loan is the telephone.

Society, by phone operations in the United States are prohibited by law, the promise is a loan and ask you to provide first paying.

2) The Federal Trade Commission (FTC), a federal agency that has been investigated and eliminating unfair and deceptive trade practicessays;

"If you are asked to pay a fee for the promise of a loan or credit card, then you can almost from the fact that you are a" cheater manipulation.

3) A creditor who is not interested in your credit history.

A creditor who does not care about your credit record should in any case, says he has reason for concern. Does not say why bother?

Any advertisement that says things like: "Bad credit, no problem" or "We do not care about your past. You deserve a loan" or "GetFast Money "or even" No hassle - guaranteed "often suggests a fraud.

4) A creditor of the names used in the Copy-Cat and similar sites.

Crooks will often give their companies names that sound similar to those of well-known and respected organizations, and also create Web pages that look like the originals.

Call directory assistance or go to the lender in the number of contacts, and then call to verify if the number is really who I am rightbe.

Make sure you get a physical address. A creditor is only a mailbox that occurs immediately with the relevant authorities.

5) A creditor who is not registered in your state.

Lenders and loan brokers are required by law in states where they worked for recording. To check their registration, call your state Attorney General's Office or your state department of banking and financial sector.

6) A creditor who asks you to wireMoney or an individual to pay.

Never make a payment to a person directly to a credit card or loan, because no legitimate lender would ever claim such a thing.

We hope that help prevent the above information you down, torn but please help others too.

If one of these is in a business that does, please tip off the authorities.

Where to complain

The FTC works for the consumer to prevent, fraudulent, misleading andunfair commercial practices in the marketplace and providing information to consumers to help spot, stop and avoid them. To view the complaint or to get free information on consumer issues, visit ftc.gov or call toll free, 1-877-FTC-HELP (1-877-382-4357) TTY: 1-866-653-4261.

Finally - A little 'note that there is a suggestion

If you have debt problems, then the first thing you should do, contact your creditors and try to solve problems, and the sooner thebetter.

If you can not resolve the situation, the same problems or maybe you need help, contact a credit counseling service.

There are charitable organizations in each state that the Council and educate individuals and families on debt problems, budgeting and credit wisely.

The cost for their services free or at a minimum, and we're talking about $ 25.00 - and credit unions, universities, military services and housing costs often provide adviceas well.

To learn more about managing debt, including a credit counseling service, you choose to visit http://www.ftc.gov/credit.