The faster the growth and reach of online lending through Good Finance, the greater the risk for crime. This is not possible because the perpetrator of the crime can always see the opportunity to profit by illegal means.
Does smart friend still remembers the hacking case at the ATM machine? Even ATM machines that have been around for years, which we even believe in its security, can still be hijacked.
So it is not possible that the Smart Friend’s identity is misused
By the lender to lend online through Good Finance. If that is the case then you will be compensated for the extra charge if not the Smart Friend.
Especially since Good Finance has caused some confusion as the misuse of customer data on social media can be a lesson. Many potential customers are hesitant to apply for Good Finance online.
To avoid online loan fraud, there are things you can do to prevent it.
First and foremost, Smart Dude should not be so trusting to others, even if he is a close-knit person. It is not possible for the nearest person to be the perpetrator of the crime by using personal data. Smart Dude should not lend personal documents such as government ID to anyone for any reason.
With the simple online lending system of most Good Finance companies using only a photo of your government ID, it is not possible for the perpetrator to use a Smart Friend file to create a fake account and apply for a loan.
Second, it is important to know the Good Finance companies that have a rigorous screening process for potential borrowers. With only a photo of your government issued ID and personal data, the process of screening potential borrowers is still minimal and prone to fraudulent cases. So Smart Dudes need to know which Good Finance has a strict filtering system to avoid fraudulent cases.
How can I borrow money on Good Credit safely?
- Multiple identity verification process
That is, the identity verification process before submitting in several stages. Just like a government-issued photo ID, a face-to-face photo with a national ID, and then a new self-service. So the possibility of using a Good Credit loan application for fraud is minimal.
There are several examples of consumer complaints cases in which their online loan applications were rejected due to a vague photo of their ID. This complaint is one of the evidences of how the Good Credit system really filters out potential borrowers to minimize the likelihood of fraud.
- Using AI technology
The Artificial Intelligence (AI) or artificial intelligence system used by Good Credit is one of the leading technologies. In short, this technology will continue to learn with the growing profile of prospective borrowers. So it can be concluded that the more the profile of the borrower is searched, the more strict the filtering process.
Being more strict doesn’t mean it’s harder to apply for a loan. In other words, AI technology is becoming more sensitive to potential borrowers who are eligible to receive loans over time.
There is plenty of evidence that borrowers say that lending money on Good Credit is safe and profitable. So don’t hesitate to apply for a Good Credit.