Do loan companies check your bank account?

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asked Dec 26, 2019 in Other-Finance by Carden8 (300 points)
Do loan companies check your bank account?

4 Answers

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answered Dec 26, 2019 by Oliphant (6,070 points)
Yes some loan companies do want to check and verify your bank account.

The loan company may call up your bank account and verify the bank account as well as verify your income or the deposits coming in.

Some loan companies fill out a proof or verification of deposit (POD/VOD) request forms and send them to your bank.

The loan company usually wants to ensure you have a bank account in good standing and that you're not lying about the bank account.

The loan company wants to be sure you can pay it back and they may have you pay back the loan through automatic withdraws from your bank account.

So be sure to get all the information about the loan.
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answered Dec 28, 2019 by swipka777 (2,930 points)

I think that no. As for me, it happens sometimes that I need to take a loan really fast. I am currently using 67 cash which is a perfect way to get money really fast and easy. I think that taking a loan is not so bad like it seems for the first point of view.

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answered Dec 30, 2019 by Jassy123 (3,330 points)
I think it’s illegal and they can’t do it
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answered Dec 30, 2019 by Marinad (1,980 points)

It depends on the loan company with which you work. I advise you to choose only reliable and trusted lenders. If you do not have enough knowledge in this area, you can contact this company for help. They will quickly and inexpensively find the best lenders for you and help you https://www.lendgenius.com/business-loans/acquisition-loan/ acquisition loan without risk and fear. I guarantee you their reliability

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