Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Privacy Assurance and other Cash Advance topics.
Borrowers who are taking out a personal loan may be concerned about whether their information will be kept secure by the lender. This is a legitimate concern because there are some lenders that share or sell client information. Borrowers who are concerned about this should carefully review the lender's privacy policy. This policy should clearly explain whether or not the lender will share or sell this information.
The applicant should also inquire about the screening process for the employees hired by the lender. Ideally, the lender will perform adequate background checks on all employees who have access to client information.
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