A little more than half-way through this month’s celebration — Older Americans Month — Reform Online Lending provides some additional tips beyond those this blog covered from the FBI last week, to help seniors help avoid scams. Here are ways to recognize the most common scams involving consumer loans: no reputable lender will require you to pay by wire or send payments to a personal account; no reputable lender will ever threaten you with arrest or criminal charges; and no reputable lender will promise credit. You can take those tips to the bank.
