Malva Fund Groups Review
Malva Fund Groups is an unregulated lender and a scam like JP Markets. Problem with unregulated Lending Companies is that they are not reliable and abuse the regulations. As a trader, keep off this Lending Company as they are anonymous and they can disappear any time without notice.
How to be sure you are dealing with a regulated and known lender:
1.You should easily find who is running the firm.
2. They are easy to contact.
3.Their loan terms are clear.
4.They run a credit check,no upfront fees and there are reviews/ratings available online.
When above information is lacking, it raises questions. As an investor you do not have even the slightest idea of who will be handling your services. This explains why Malva Fund Groups is a dangerous Lender to deal with.
Signs of a personal loan scam :
1.The loan requires payment up front.
Loans demanding “processing,” “insurance” or even “origination” fees before approval are a scam. A lender asking for payment before processing your application is a scammer looking for a quick buck. Upfront payment is the biggest sign of a potential scam.
2.You can’t find a physical address.
If a lender doesn’t provide a physical address or contact information, don’t engage on your loan. Scammers make it difficult to get in touch later, thus avoiding any legal action you might want to pursue against them.
3. No credit check required.
Most legitimate lenders will check your credit to determine if you’re able to repay them: A high score means you repay your debts in full and on time. If a lender isn’t interested in seeing your credit score, be wary. A scammer typically doesn’t care about your creditworthiness.
4.Your loan offer is incomplete.
The Truth in Lending Act requires all lenders to provide the complete terms of a loan, including the final cost of the principal plus interest, before you sign on the dotted line. If your offer lacks details, contains spelling or grammar errors or otherwise raises an eyebrow, it could be a scam.
5.Don’t be rushed.
Avoid any financial transaction when the other party tries to rush you into making a decision or a payment. Legitimate financial firms don’t pressure people into loans they can’t afford or aren’t sure about. Only scammers will try to panic their ‘customers’ into on-the-spot commitments.
Our Conclusion on Malva Fund Groups.
Malva Fund Groups is an unregulated Lending Company that you should avoid by all means.
Website URL : www.malvafundgroups.com
Type of Scam : Unregulated Lending Company