Pre-qualified never means pre-pay
Posted on April 25th, 2008 by Sonya Smith-Valentine, Valentine Legal Group
The scam: You’ve been told that you’ve been “pre-qualified” to get a low interest loan or credit card but the company needs you to pay a processing fee of several hundred dollars. The truth: Legitimate lenders never “guarantee” a credit card or loan before you apply. A legitimate pre-qualified offer means that you’ve been selected […]
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Filed under: Credit Cards