Student loan refinancing: How to avoid being a victim of predatory lending

Don’t ignore your instinct on an offer

Sometimes a financial entity can give you suggestions that may seem unrealistic. You should trust your gut and take your time to review the proposal. Ensure you do research on the financial entity as well as the comparable data. The chances are that you were about to get scammed.

In case you feel like you are being rushed to get the finances, you might have a gut feeling, and you should take time to review your options. A legitimate financing company will give you as much time as you need to make your decision. You might also come across things that seem fishy about a financial company. The online presence may even look like a fraud in itself. You should dedicate some time to finding as much information as possible regarding the company.

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