Web scamsValuable information from guest contributor Bankrate: 9 ways to spot personal loan scams

According to Bankrate:

Consumers lost a total of $3.3 billion collectively in 2020 due to fraudulent practices according to the Federal Trade Commission. The financial experts at Bankrate created a guide that outlines nine different ways to spot personal loan scams and includes information on the following:

  • Common types of loan scams
  • Who is most at risk for being scammed
  • What to do if you’re the victim of a scam

How can you determine whether a loan company is legitimate? What are the common signs of a potential loan scam? Check it out here!