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I received an unexpected pre-approved offer, or live check loan, in the mail. What happens if I cash or deposit it?

  • Listed: August 12, 2022 3:30 pm
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I received an unexpected pre-approved offer, or live check loan, in the mail. What happens if I cash or deposit it?

A live check is actually an unsolicited loan offer. It is usually sent in the mail, and if you cash or deposit the check you are bound by its loan terms, which may include high interest rates for multiple years. Before cashing or depositing a live check, you should make sure you understand the terms, and shop around for other loan options to see if you can find a better rate.

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Listing ID: 56362f6721685958

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