FTC-CA-Advance-Fee Loans
Date Released: 
n/a
Headline:
FTC-CA-Advance-Fee Loans – FTC-What To Know About Advance-Fee Loans
Excerpt:
Do you need to borrow money to make auto repairs, consolidate credit card debt, or pay your mortgage? In an advance-fee loan scam, scammers promise they’ll get you a loan, credit card, or access to credit. Or they say they’ll put you in touch with a lender who can almost certainly get you those things. No matter your credit history. But first, they say, you must pay upfront. The scammer might say the money is a fee for “processing,” “insurance,” an “application,” or something else. But it’s a lie. There is no loan and there is no lender. And if you pay, the scammer and your money will disappear.
https://consumer.ftc.gov/articles/what-know-about-advance-fee-loans
[Date Accessed: 3/2/2024]
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