Bad credit Loans In Canada - Scams? Be truthful

Student Loans Bc - Bad credit Loans In Canada - Scams? Be truthful

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 facts on these Bad reputation loan scams.

Student Loans Bc

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

If you've got bad reputation 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 people with bad credit.

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

First Point To Know:

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

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

I hope you obtain new knowledge about Student Loans Bc. Where you'll be able to put to use in your life. And most significantly, your reaction is passed about Student Loans Bc.