How to Distinguish Unlicensed and Licensed Money Lender
Money borrowing is a wondrous thing until one thing goes wrong. Then, you won’t really like it. Well, one of the things to look out for before borrowing is the credibility of a lender. Before borrowing, you must ensure you have details of your potential borrower. That way, you will almost certainly know what awaits you when it’s time to repay the loan.
Licensing is an essential factor in the credit world. Lenders that behave are more likely to have been licensed. Licensing proves the worthiness of a lender. Those that are not regulated will give you problems you’ve never seen before.
Here are ways to distinguish licensed from unlicensed money lenders.
Proof of licensing
Any organization subscribing to specific standards will always get a license. You should see the physic...