Before taking a loan from a microfinance organization (MFO), the company’s data must be checked in the state registry, said Alexandra Lvova, an expert at the Central Federal District Main Directorate of the Bank of Russia. Her words are instructive Finance Mail.ru.
“Black lenders like to pretend to be MFOs by choosing similar names,” the financier warned.
Before signing the agreement, you should carefully read its contents, Lvova continued. The expert emphasized that on the first page of the document the exact cost of the loan in percentage and rubles should be indicated in a square frame in the upper right corner.
Before this the Russians warned about the dangerous consequences of falling real estate prices. Debtors risk the fact that after selling the mortgaged apartment they will still owe money to the bank.
Previously a lawyer explainedWhat should you do if scammers borrow money from you?