With the increasing popularity of digital lending, awareness of potential risks is crucial. Scams such as phishing for personal information and fake loan offers with hidden fees are prevalent. Identity theft is a significant concern, with scammers opening fraudulent loans. Protect yourself by verifying lenders, avoiding unsolicited offers, checking website security, reviewing loan terms, and monitoring your credit. Stay vigilant, as if an offer seems too good to be true, it likely is. Regularly assess your financial activities and report any suspicious incidents promptly.
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