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Showing posts from December, 2019

How To Find Reliable Money Lenders and Avoid Scams

Loans are a common way to close the gaps in your financial requirements, and not many people shy away from taking them. What one should ensure while looking for a loan is to stay away from shrewd money lenders and avoid scams. A good way to know if your money lender is dependable is to research thoroughly about reliable money lenders. If you don't have the time, then don't worry as we have prepared some tips for you. Finding Reliable Money Lenders in the USA Check License Licensed moneylenders are more reliable as they come under the authority of the state and can be punished for cheating you. They are simply more regulated than non-licensed moneylenders and follow all the statutory rules of their profession. The only moneylenders whose license you don't need to check are your family members or friends. Beware of the Rule of 78 A 'rule of 78' loan is a loan that involves precomputed interest. It means that your interest is calculated at the ti