Fraudsters among employees of a credit institution
Alas, credit fraud in banks and microfinance organizations is quite common. At least five schemes are possible here. Sometimes unscrupulous employees of the organization assist criminals or collude with them, but most often they go for a trick: they post ads for a “quick loan without a certificate of income”. As soon as a person applies and gives a scan of a passport to conclude an agreement, swindlers draw up several loans in his name. Often they require you to pre-pay a certain amount “for issuing a card.” Then the passport is returned, referring to the impossibility of issuing a loan for a good reason. After some time, the scammers hide, and the gullible client receives letters from banks about the need to repay overdue loans, which he did not suspect. that’s why checking the reputation of a credit institution is crucial in order not to fall for the tricks of scammers.
When it comes to borrowing money, it is important to choose a reliable lending institution, so as not to become a victim of scammers, you can choose the right loan for yourself among trusted banks and organizations on the VayTienMat24 website. There are many lenders in Vietnam offering various types of loans, but not all of them are trustworthy. Therefore, it is extremely important to do research and check the reputation of a lending institution before applying for a loan.
How to check the reputation of a credit institution
Here are some tips on how to check the reputation of a credit institution in Vietnam.
1. Check the license and registration
The first step is to check if the lender is licensed and registered with the State Bank of Vietnam (SBV). The SBV is responsible for regulating and supervising credit institutions in Vietnam. You can check the list of licensed lenders on the SBV’s website. If the lender is not on the list, it may be a red flag.
2. Read reviews and feedback
Another way to check the reputation of a credit institution is to read reviews and feedback from other borrowers. You can find reviews on the lender’s website or on third-party websites such as forums or social media. Positive reviews from satisfied customers are a good sign, while negative reviews and complaints should be taken seriously.
3. Check the interest rates and fees
It is important to compare interest rates and fees among different lenders to ensure that you are getting a fair deal. Some lenders may offer low-interest rates, but they may have hidden fees or charges that can significantly increase the total cost of the loan. Make sure to read the terms and conditions carefully before signing any agreement.
4. Verify the lender’s contact information
A legitimate credit institution should have a physical address, phone number, and email address that you can use to contact them. You can verify this information by checking their website or contacting them directly. If the lender only provides a mobile phone number or email address, it may be a sign that they are not a reputable institution.
5. Check for scams and frauds
Scammers and fraudsters often use fake websites or social media accounts to lure unsuspecting borrowers into giving them money. To avoid falling for these scams, make sure to verify the lender’s website and social media accounts. Look for signs of legitimacy such as SSL certificates, security seals, and verified payment methods.
In conclusion, checking the reputation of a credit institution is crucial in order not to fall for the tricks of scammers and scammers, we advise you to choose the right loan for yourself among verified organizations on the website https://vaytienmat24.com/. By following these tips, you can ensure that you are dealing with a legitimate lender who offers fair terms and conditions. Remember to always read the fine print and ask questions if you are unsure about anything before signing any loan agreement.
What to do if scammers have issued a loan in your name?
If you have become a victim of scammers, experts advise you to do the following:
- Write a statement to the police. In the application, describe in as much detail as possible what happened and what you managed to find out about the loan issued to you.
- Contact a bank or microfinance institution. Write a statement stating that the loan was fraudulently issued in your name. The application should be accompanied by a certificate from the police and all documents that can confirm your non-involvement.
- Leave a claim and request in duplicate all certified copies of documents confirming the issuance of a loan: an application, an agreement and its annexes, a copy of a passport and other identification documents.
You may find handwriting analysis results, eyewitness statements, video recordings or transport tickets confirming that you were physically unable to sign a loan agreement.
If the financial institution does not agree with your claim and does not write off the debt, get ready to sue. Practice in most cases develops in favor of the plaintiffs. At the same time, it is easier to prove non-involvement in a loan from microfinance companies than in a loan from a bank. Paradox. On the one hand, microfinance companies require fewer documents for registration, and this makes it easier for fraudsters. On the other hand, it is in a situation with a small package of documents that it is faster and easier to dispute a loan.
However, it is most difficult to dispute a loan if it was issued online. In this case, it is more difficult to prove fraudulent activities due to the lack of evidence.
How can you protect yourself?
If you are going to enter personal data on the site, make sure that there is an image of a closed padlock in the address bar. This means that a secure connection has been established between your browser and the site, the transmitted data is encrypted and fraudsters cannot access it.
Choose reliable banks and payday lenders. You can check the lender in the register on the website of the Central Bank.
By following these tips, you can protect yourself from fraud when applying for a loan. Remember to always do your research and ask questions if you are unsure about anything before signing any loan agreement.
Apart from that, if you are interested to know about A Beginners Guide to Planning for Refinancing then visit our Finance category.
