Esteemed Lending Services

Esteemed Lending Services   - Is a fictional company that was set up by the Federal Trade Commission (US) in order to show people how easy it is to fall victim to someone who is trying to scam you by posing as a lender. When you visit Esteemed Lending Services  you will find that the website looks like a legitimate lender. Websites like Esteemed Lending Services  are set up to scam people who are often desperate for a loan.

According to the website there are several red flags that may tip you off that a potential lender is trying to scam you.

• "A lender who isn’t interested in your credit history."
  
• "Fees that are not disclosed clearly or prominently."
  
• "A loan that is offered by phone." 
• "A lender who uses a copy-cat or 'wanna-be name.' "
• "A lender who is not registered in your state."
  
• "A lender who asks you to wire money or pay a particular person."

If you even run into even one of these red-flags, avoid the potential scammer at all costs.

Comments

[Joe]

Is there a number to call or a website to visit that lists all of a state's legitimate lenders?

[John MacKenzie]

Joe

I live in Massachusetts, and I was able to find a list of lenders registered with the state on the Massachusetts Division of Banks website. All states should have a similar department where you should find this information.

[Denise]

Very useful information. It's terrible that ther are business set up to take advantage of people in tight financial situations.

www.dougmcclure.kyfb.com