It will take several hours to find such a person and it will take several days for the next borrower to choose the most reliable and suitable investor. There are a few tricks that will help you not fall into the scam networks, but find financial help really quickly and cheaply.
Let’s say you have a need for money and you’ve posted such a need for money on a private classifieds website. Suddenly you suddenly get an offer to borrow money on the most favorable terms. What to do and how to react? First of all, do not rush, but wait for other private creditors to apply. Secondly, the quick answer should take you cautiously, since in a generally accepted scheme, the borrower usually turns to the creditor rather than the other way around. In our case, a stranger is offering you money, so the situation should be clarified. How to do it?
- Offer to meet in person somewhere within the city to discuss the details of a financial partnership . A real private lender will be happy to meet with your borrower to discuss the nuances of lending and find out why you have so suddenly needed money. Fraudsters or apherics are not interested in revealing their identity, so they are unlikely to meet.
- Ask a lot of guiding questions to the creditor, such as: where do they have the sums of money that they directly own and what the source of the money is, how the money will actually look, whether the notarization is required; Many thematic questions can confuse the fraudster and he will simply get stuck in the wrong answers. Likewise, he can be “caught” knowing some of the details of the law, for example, if he requires notarization, be careful, because today the bill of lading and the credit agreement have legal effect even without notarial certification.
- The integrity of a private creditor can also be verified through internet resources. Fortunately, today, there are a huge number of databases where one can identify a fraudster appearing as a “private creditor” by name. As users begin to actively share their negative experiences, they post online photos of apherics and tell them which schemes a fake creditor can work with. This method is relatively easy and quick to find information, and it is better to spend several hours at a time to avoid paying off your debts or divesting your property later. If such a private creditor still exists, check out his testimonials, log on to all his pages on social networks, and analyze his reputation.
- Ask a private creditor to give you the phone numbers of your previous clients. There’s a good chance he’ll give you a fake person’s phone number, which will often glorify fraudsters. But already you will call 10-15 numbers and call only a few of your choice, most likely the fraudster will simply not be able to convince so many people and refuse to give you this information.
A private creditor requires a prepayment
If a private creditor has asked you for money to process a loan before giving out a loan, there is a real fraudster in front of you. There is no need to cherish his pure intentions, for there should be no “maybe”, “if” or “sudden” here! Immediately end the conversation with such a pseudo-creditor or, if he is insistent, just ignore it. Expenses for which a fraudster private creditor can ask you for money sound more than credible. In most cases, they look like this:
- Expenditures to get your credit history. The private creditor will also agree to submit your history in a scanned form, but the affairist only needs your money.
- Notary services payment. Firstly, under the law, a note or contract does not need to be certified by a notary, these documents have their own legal force. Secondly, if certification is so much needed, a notary can only do so in the presence of both parties , that is to say the borrower and the private creditor.
- Money transfer fee.
- Drawing up an insurance policy in case the borrower is unable to repay the loan.
Of all the fraudulent schemes developed by private pseudo-creditors, prepayment is the most widespread , so if you are required to do so, run away from such a “fair” private creditor and avoid it altogether.
Private credit in another city
Private lenders do not practice borrowing from people in other cities, as the repayment rate for such loans is almost zero. Someone will probably accept that risk, but provided the amount is very small. In practice, private creditors will definitely meet with their borrowers in person before negotiating the terms of the contract.
Later, if both parties are satisfied, they meet again to sign papers and hand over the money. If a private creditor from another city has promised to give you the money you need, you’re in the fraudster’s nails.