When you take out one of these cheap loans, you required to provide your social security number, tax identification, and the contact information of family and friends. Some shady short term loans lenders want this information so that they can not only use your family and friends to pressure you into paying back the loans, but also so that they can have access to your social security number and tax identification.
With this information in hand, identity theft can and has been done throughout the payday loan industry. And as we all have seen and heard, once you become an identity victim, it takes many months, often years, for you to be able to repair the damage and pay off the associated costs.
Cordly
is an online social marketplace that enables the connection of producers and consumers of products, services and talents across the Nigeria and abroad!.