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A bank statement loan allows you to apply for a mortgage without having to prove your income via pay stubs, W-2s or tax returns. Instead, lenders use recent bank statements to assess your earnings.
3 Common Types of Scam Calls Several different types of phone scams exist. Since there is no limit to a scam artist’s potential, recognizing signs of common scams will serve you well.
A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 (employee income) forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at their word. These loans are sometimes called liar loans or liar's loans. [1]
The agency stated that they had received consumer complaints about the calls, and that news outlets had also reported the calls as ongoing. [8] In 2024, the Better Business Bureau published an article stating that consumers have continued to report such calls to the BBB Scam Tracker. The article stated that no consumers reported any monetary ...
Consider the following tips to avoid potentially damaging scams. 1. Unrealistic guarantees for approval. One of the easiest ways to spot a loan scam is the promise of guaranteed approval.
A consumer inquires about a payday loan or short-term credit online and is asked for a long list of personal information. The lender is a shell firm; the loan might never be made, but the victim's personal information is now in the hands of scammers who sell it to a fraudulent collection agency.
Without a solid business loan application, it can be difficult to convince lenders of your business management skills and growth capabilities. 5 Things Lenders Look for in a Strong Business Loan ...
An IRS impersonation scam is a class of telecommunications fraud and scam which targets American taxpayers by masquerading as Internal Revenue Service (IRS) collection officers. [1] The scammers operate by placing disturbing official-sounding calls to unsuspecting citizens, threatening them with arrest and frozen assets if thousands of dollars ...