Fake Loans Scam
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What is Fake Loans Scam?
LOAN OFFER FRAUD: Loan offer fraud is scamming of people who are looking for loans, giving them false hope of providing a huge amount of hazel free loans at lower interest rates.
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PREVENTIVE MEASURES/PRECAUTIONS: Research the company to ensure they are authentic. A personal visit to the office is always advisable. No company will ask for processing fees etc when providing loans. Meet the people in person, take all their credentials, and verify if they are genuine. Verify the photograph of the person given in his id proof. Never pay money.
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