What are my responsibilities when I take a loan?

You must take these steps to avoid becoming a victim of fraud when you apply for a loan:

  • Honestly reveal any past or present credit problems
  • Read and understand every document before you sign it
  • Refuse to sign any blank documents
  • Correctly report all your debts

 

Some of the things you must not do:

  • Providing supporting documents that are false
  • Overstating your assets, income, or period of employment
  • Mentioning a fake co-borrower or co-maker in your application

Altering your income tax returns for any reason