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Safety First: How to Identify Scams in the Logbook Loan Industry

Safety First: How to Identify Scams in the Logbook Loan Industry

Legal Advisor
April 25, 2026
HomeBlogSafety First: How to Identify Scams in the Logbook Loan Industry

The lending space has some "sharks". Always check if a company is a member of the Digital Lenders Association of Kenya (DLAK) or has a physical, verifiable office. Legitimate companies will always give you a written contract and never ask for "processing fees" upfront before the loan is approved.