1. Loans are offered through mail solicitation,
telephone solicitation or door-to-door sales
2. The loan officer promises one set of terms when you apply but gives you
another set of terms to sign, with no adequate explanation
3. You are told that you will be approved for a loan regardless of your
credit rating or history
4. You are asked to sign incomplete or blank forms
that will be filled in later
5. Information is falsified on the loan application to allow you to qualify
for a program you can’t afford
6. You are pressured into applying for a loan or accepting
monthly payments you can’t afford
7. The loan officer hurries you to sign the papers and tells you
it’s not important to read all the fine print
8. Copies of documents aren’t offered or provided |
