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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.
In lending, a pre-approval is the pre-qualification for a loan or mortgage of a certain value range. [1]For a general loan a lender, via public or proprietary information, feels that a potential borrower is completely credit-worthy enough for a certain credit product, and approaches the potential customer with a guarantee that should they want that product, they would be guaranteed to get it.
Unsecured debts are sometimes called signature debt or personal loans. [2] These differ from secured debt such as a mortgage , which is backed by a piece of real estate. In the event of the bankruptcy of the borrower, the unsecured creditors have a general claim on the assets of the borrower after the specific pledged assets have been assigned ...
In 2002, the company began to run down its loan book and re-positioned itself as a mortgage broker, and introduced its own credit card shortly thereafter. [3] In August 2008, Commonwealth Bank acquired a 33% stake in Aussie. [4] In February 2009, the firm acquired Wizard Home Loans. [5] The deal saw the loan book expand to more than A$31 billion.
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related to: 100 guaranteed approval personal loans australia reviewsbestmoney.com has been visited by 100K+ users in the past month
1seekout.com has been visited by 100K+ users in the past month