Tips to Find Legal Money Lender

Always say we're looking for legal money lender, but it is hard to distinguish between their legitimacy. Here are a few houses to help you to distinguish the legitimacy of the lenders.

1.Legal money lender cannot send text messages or phone sales

We usually receive a lot of text messages on the loan, they will tell you, they can provide you with good loans, these messages are a mass of spam messages. According to the regulation of the government of Singapore, lenders do not allow advertising in the form of text messages or phone to sell their services. If they do will face severe punishment.

2.Legal lenders can't transfer money online

Some lenders require transfer to your account, and they want to avoid detection by this means, or need to do clerical jobs. Legal money lender to borrowers brings documents to the office processing. It can verify the qualification of borrowers and lenders, can also speed up the loan application process.

3.Research money lender

Although some illegal lenders may steal or imitate legal money lender name advertising. You can query their license number on their website. Find them in the comments before the customer service suggestion and evaluation for them, make sure that they can provide you with legal services.

4.Have a fixed telephone has been registered

The government to help borrowers provides many measures. One is the legal money lender needs on advertising indicates they have registered a fixed phone. Illegal lenders ads are mostly use mobile number or overseas number, if you receive a mobile phone number to call your loans, you should hang up immediately, to avoid falling for it.

5.Don't blindly sign a loan agreement

At the time off to apply for a loan. Legal money lender needs to provide you with a written agreement. And their interpretation of the loan agreement for you, lets you understand all of the loan, and tells you what to pay attention to the problem. The terms of the agreement must be in the government website. If you see no unfair terms or regulators, the area you should leave, rather than loans.