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Central bank warns against loan facilitators

By JT - Jul 16,2017 - Last updated at Jul 16,2017

AMMAN — The Central Bank of Jordan (CBJ) on Sunday warned against dealing with companies that claim to facilitate loans from banks, the Jordan News Agency, Petra, reported.

The companies deceive residents by claiming that they are capable of facilitating loans with un-refundable commission, Petra reported, quoting a CBJ statement.

CBJ stressed that the only safe and legal method to obtain a loan is through direct contact with banks, noting that Jordan has 25 banks, of which four are Islamic banks.

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Comments

in 1990 same thing happened in United States. I as there, and saw how it drove the economy down, and ended in bankruptcy of so many companies and people. there must be consumer protection.

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