Published by: Vivek Dubey
Be cautious about financial decisions during the festive season due to increased expenses.
Some may seek financial assistance from traditional institutions or digital lenders.
Predatory lending with high fees, rates, and deceptive terms can threaten financial well-being.
Check if the lender is registered and licensed to operate in your jurisdiction.
The lender should follow laws that protect consumers from illegal or abusive lending practices.
Beware of lenders making unrealistic promises like guaranteed approval, instant cash, or no credit check.
These promises may have hidden costs or risks, like high upfront fees or penalties for late payments.
Unsolicited loan offers with low rates received through calls, emails, or texts are often scams.
It’s essential to compare different loan options from reputable sources and not respond to unsolicited offers.
Demand clear and transparent terms and conditions in writing before signing any loan agreement.