Skip to main content

Live Loan Checks: Information on Unsolicited Consumer Loans for Preapproved Borrowers

GGD-98-176 Published: Aug 14, 1998. Publicly Released: Sep 14, 1998.
Jump To:

Highlights

Pursuant to a congressional request, GAO provided information on live loan checks, focusing on the: (1) characteristics of live loan checks and the major organizations that provide unsolicited loan checks; (2) volume of live loan checks in 1995, 1996, and 1997 and the expected volume in 1998; and (3) benefits and risks of live loan checks for the borrowers and lenders.

Full Report

Full Report (16 pages)

Media Inquiries

Sarah Kaczmarek
Managing Director
Office of Public Affairs
media@gao.gov

Public Inquiries

Contact Us

Topics

Financial Markets and Institutions
Bank loansCreditDebtFinancial managementLending institutionsLossesNegotiable instrumentsPersonal loansCredit cardsInterest rates