SYSTEMS AND METHODS FOR PREEMPTING CUSTOMER ACCEPTANCE OF PREDATORY LOAN OFFERS AND FRAUDULENT TRANSACTIONS

摘要

System and devices for preempting customer acceptance of predatory loan offers is disclosed. The system may store customer account data and customer contact information. The system may determine an applicable first loan tier, each loan tier associated with a predetermined loan offer and indicative of a financial health of the customer. The first loan tier may be determined based on the customer account data. The system may receive a GPS signal indicating that the customer has entered and remained in a geofenced area associated with a predatory loan provider. In response to determining that the loan merchant is a predatory loan provider, the system may update customer account data and determine a second loan tier based on the updated customer account data, wherein the second loan tier is indicative of a higher risk loan than the first loan tier. Before offering the loan, the customer may be authenticated.