Beware of Shady Online Loans

Discussion in 'Legal and HR' started by firstchoicecar, Dec 5, 2018.

  1. firstchoicecar

    firstchoicecar
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    Bloomberg Businessweek magazine has exposed a massive scheme where online lenders give your business a big loan and it all seems legitimate but then they freeze your bank accounts and take all your assets like the next week. This happened to someone I know. beware of these schemes!

    https://www.bloomberg.com/graphics/2018-confessions-of-judgment/?srnd=businessweek-v2

    This is what happens next!
    https://www.scribd.com/document/395029339/Vadim-Barbarovich-NYC-Marshal-Capital-Stack
    https://www.scribd.com/document/395030041/NYC-Marshal-Vadim-Barbarovich-Confession-of-Judgment
     
  2. stargrit

    stargrit
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    But the stakes are higher when you apply for a loan online: you need to provide sensitive information to somebody you might not know, and you’re probably talking about a relatively large amount of money.
     
  3. Ritesh Patil

    Ritesh Patil
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    yes, thanks altering us and for the information.
     
  4. RKipling

    RKipling
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    Wow, thats just crazy. American legal system is just insane. I am surprised borrowers have no rights and they can just sign everything away like that. I can't believe you can sign away your right to defend yourself in court.

    Bail bonds system, the extortionate healthcare cost. Break a leg that just needs a scan and a cast, in America it will cost you $40K if you dont have healthcare. Rest of the world you wont even touch $1K
     

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