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Loan Scams:
Capital Investment Solution Company,
Mr John Smith
Have you received an email or postal letter from "Mr John Smith" at Capital Investment Solution Company offering you a debt consolidation
loan, student loan, mortgage, small business loans or a great credit card rate?
The rate is incredibly low, they say they need very little documentation and can
get you money fast? It
is probably a scam. The offer and their websites (if they have one) may
even look real, except they will
quickly ask you for personal financial information, social security
number, bank account numbers, in addition to your name, address, phone numbers, etc.
Also see this page on
Scholarship, Student Loan and Financial Aid scams!
Notice the poor grammar, unprofessional phrasing, poor syntax, and
the free gmail account; all clues that this is a scam.
Actual scam email (One example - the scammers constantly change
names, dates and addresses!):
I am Mr John Smith (CEO) Capital Investment Solution
Company,I am a private loan lender
.
We give out
loans to business people and individuals for just 3% interest rate.
We give out local and international loans to any body
all over theworld.We give out loans
via account transfer to what ever country you are.We are not a bank and
we do not require much documents
If you are interested in getting a loan from our
company, contact us with following details.Email:
johnloanfinance@gmail.com
Regards,
Mr John Smith
TEL: +44 704 577 4175
Chief Executive Officer.
Johninvestment Solution Company
How do loan scams work?
The scammer sends you an email or letter, or you respond to
an advertisement on tv, radio, newspaper, magazine or online. The ad often
uses the names of large, reputable and well-recognized lenders. To respond to
the advertisement, victims are directed to call a "third-party consultant" who
solicits application information including social security numbers. During this
telephone call, the "loan" is always approved.
The "third-party consultant" then faxes a loan package to the victim, or
directs the victim to a website to enter the information. The
package includes a request for bank account information.
Finally, victims must wire a required advance payment or a deposit through Western
Union or Money Gram to the consultant. The victim never obtains a
loan, and the scammer disappears with the application fees and down payments.
See this page for much more
information about this type of scam.
How to report a loan scam
Loan Scam names
Other related information
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