RALEIGH, North Carolina (WNCN) – Some of us are in grave financial problems as a result of the epidemic, and this is an ideal time for fraudsters to offer you a secured loan with no credit check.
If you fall for the con, you will not obtain a loan and will be forced to pay the thief’s money.
It all starts with a text or email informing you that you’re approved for a loan, which comes just in time since your bills are piling up.
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According to Alyssa Parker of the Better Business Bureau of Eastern NC, “a lot of these scammers are utilizing real business names.” “It appears to be rising, but it is not.”
Credit checks are usually performed when you ask for a loan. However, these con artists do not. This is the hook that will keep you from falling.
Parker stated, “It’s one of the selling aspects.” “No reputable lender would provide you with a loan without doing a credit check.”
The thieves claim to deliver the loan money directly to your bank account, where you may access it right away, but no money ever arrives.
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These con artists go for your money and disguise it as “fees.”
“They tell you that you have to furnish insurance money for this loan,” Parker explained.
The “loan” cheque they place in your bank account, however, bounces, and you are out the money you paid in “insurance.”
Here are a few more ways to describe this as a loan con:
- You have a legal obligation to act right away.
- They ensure your acceptance.
- They are utilizing an insecure website. (There is no “padlock” symbol on it.)
Because these con artists pose as respectable lenders, you must take extra precautions to protect yourself.
Scammers use QR codes to steal personal information and money from victims.
According to Parker, one approach to verify the legality of the person speaking with you is to contact the firm with whom you are considering doing business and inquire about the individual’s employment status.
Don’t rely on a simple Google search, she advises, especially if the firm is unfamiliar. Fake websites and the adverts that lead to them are easily found in search results.
In addition, Parker advises that you double-check the email or text’s origin. Examine the website itself for a dot com address.
Look for complaints against the firm on official government websites, the attorney general’s office in your state, and the Better Business Bureau.
Unsolicited loan proposals should be avoided.
If you do get one, take a step back and do your homework before proceeding.
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