Time and again in the media reports on loan rip-offs on: Unsuspecting consumers lose in the search for an online loan a lot of money because they fall for dubious offers.
Enlightenment is the best protection against credit rip-off of all kinds. Because who knows the evil tricks, the dubious company is not on the glue. We’ve put together the five main ways that dubious brokers use the Internet to sell money and tell you how to protect yourself.
No pre-payment on credit. No way.
In the case of Crediter, creditors generally never pay any initial costs, and there are no intransparent “ancillary costs” either.
Searching for credit via the Internet is a matter of trust. Consumers should pass their data only to reputable companies and pay attention to the fine print. In addition, must alert at Vorkosten of all kinds immediately the alarm bells.
Cost trap field service
Some intermediaries work with a sales force that visits credit seekers at home. The cost of visiting the field worker is often imposed on the customer.
Crediter says: Visiting a field worker is not useful for most creditors. Therefore, we have no sales force at all. Our customers compile the necessary documents themselves, send them by post or take pictures with their smartphones. And if anyone wants to call up an offered loan, everyone should be free to decide for themselves – without a sales representative at the kitchen table, who insists on a quick signature and artificially builds up pressure.
Cost trap credit documents by cash on delivery
Many consumers have long sought in vain for a loan and always get cancellations. How great is the relief when finally a mediator says: Here is the desired loan. Unfortunately, credit seekers at this point often take every precaution and accept all claims of the intermediary. For example, they are willing to accept a COD shipment for 200 to 300 euros – and pay the cash in cash to the postman. In the envelope, so the hope, finally stuck the longed for loan documents. After opening the letter (and after the paid fees are already gone), then follows the disillusionment: Instead of a credit agreement is only practically worthless printed paper in the envelope. Sometimes there are tips on how to get funding, sometimes there are new loan applications – only the hoped-for commitment does not exist.
When trying to reclaim the money, affected consumers often encounter an enormous hurdle: Many rip-offs hide behind anonymous mailboxes abroad. Mails are not answered, telephone numbers only lead to a band announcement. In short, the money is gone, but there is still no credit.
Crediter says: A credit inquiry is always 100 percent free. There are no pre-costs, no hidden fees and no hooks. Our customers receive their written offer free of charge by mail and post, we even pay the postage. We strongly warn against accepting COD deliveries.
Cost trap advance invoice
Even credit intermediaries who refrain from receiving the documents by cash on delivery, need not necessarily be reputable. Some providers confront their customers with an invoice in the course of “credit processing”. Only when this claim has been settled, they say, can the loan be disbursed. Although such a procedure is not legally allowed, but with “expenses”, “fees” and other costs, the rip-offs try trickily to circumvent the provisions.
Crediter says: Pre-payments for loans are fundamentally dubious – regardless of whether the provider cash the cash on delivery or by invoice. Who is confronted by “his” intermediary in advance with a financial claim should therefore in no case pay, break off the contact and revoke any closed contracts. This is practically always possible within a period of 14 days from signature. Crediter’s customers benefit from the comprehensive free-of-charge guarantee with which we confirm the waiver of any kind of pre-charge in writing.
Cost trap “financial rehabilitation”
Too many loans, too high rates? Many consumers want a sustainable reduction of their monthly burden and new financial leeway. A rescheduling can be a good solution here. The principle: A cheap new loan replaces the expensive old contracts. Thanks to low interest rates and long maturities, the monthly payments to the bank can drop significantly. In addition, there are often a few thousand euros in addition, which will be transferred to the checking account for free use.
Such an offer is also suggested by the providers of “financial restructuring”. In the small print of their contracts, however, there is often the indication that no credit intermediation takes place, but that it is only about a service for “debt settlement”. And this is often limited to once again print data previously submitted by the customer in tabular form. For this “service” in turn many hundreds of euros are due – it is barely possible. Nevertheless grope because of the clever formulations of the rip-off again and again unsuspecting consumers in this cost trap.
Crediter says: When “financial renovations” are advertised, often nothing good hides behind them. We do not have such models, but simply help with fresh money in the rescheduling: Existing loans are combined, the rates can go down, and it only has to be paid to a bank. For example, if a customer has over $ 15,000 in old loans and is rescheduling them, there are often a few more thousands left at their disposal. As always, all of this is not associated with any initial costs or hidden fees.
Cost trap “Club membership”
Where is there a quick and fair credit, even if the private credit information is not perfect? Crediter has over 45 years of experience and therefore knows the answer (s) to this question. We share our knowledge with our customers free of charge by sending them a tailor-made offer for free. In advance, our experts negotiate with up to 20 different banks to find the optimal loan.
Other providers pretend to maintain good contacts with lenders. But, and that is the key difference, they only want to make these contacts available for money. At its core, this is the business model of dubious “clubs” in which credit seekers first have to become “members” for amounts in the two- to three-digit euro range. In the internal area, it is promised, they can then apply directly for their credit. This is indeed possible, but you can find in the members only links to publicly accessible websites – pure rip-off, because “exclusive” is nothing here.
Crediter says: Our online loan request form and our loan calculator are available 24 hours a day, completely free of charge. Anyone can inquire about their preferred loan within a few minutes – no matter if it’s 12 noon or 2am. Of course, no “club membership” or other fee-based registration is necessary.
Conclusion: The credit scammers prove enormous creativity when it comes to the money of the loan seekers to come. Crediter calls the fight to these abuses and denigrates dubious practices. And we never tire of repeating the most important basic rule when searching for credit: Never accept pre-payments, no matter in what form!