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Loan Scams:
Nationwide Alliance Lending,
Winston Churchhill
Have you received an email or postal letter from Winston Churchhill at Nationwide Alliance Lending offering you a debt consolidation
loan, student loan, mortgage, small business loans or a great credit card rate?
The rate is incredibly low (3%), the say they need very little documentation and can
get you money fast? It
almost certainly probably a scam. "Winston Churchhill"? You'd think
the scammer would choose a more plausible name than a famous dead prime
minister. The offer 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!
Actual scam email (One example - the scammers constantly change
names, dates and addresses!):
From:
Winston Churchhill [mailto:
nationwide.al@hotmail.com ]
Sent: Tuesday, February 19, 2008 11:52 AM
Subject: Loan Approval
Dear: Joan
Doe
We, on behalf of Nationwide Alliance Lending, would like to extend our
CONGRATULATIONS to you in regards to the loan application for $5,000.00USD. Here
at Nationwide Alliance Lending, we take absolute pride in providing our
rewarding services and efforts in customer satisfaction during the growth of our
development and reputation in this ever competitive financial industry. Based on
the review and assessment of your loan request for $5,000.00USD it took numerous
attempts in getting your loan approved due to your credit status, which
eventually deemed you, Ms. Doe, as a "High Risk Borrower" during this process.
With our understanding of the difficulties clients face in obtaining financial
assistance due to bad or un-established credit, and even when their own banking
institutions has denied assistance, we at Nationwide Alliance Lending have found
a way to approve our clients, at a 100% guaranteed approval rate simply based on
your committment, and absolute promise to be diligent with this loan acceptance.
Your assigned loan representative, Mr. Michael Cormick @ 1-800-963-9718 Ext#145
will contact you with further details on Tuesday, February 19th ,2008 between
12pm-7pm. Feel free to contact your loan rep. during regular hours,
Monday-Friday 9am-7pm and Saturdays at 10am-3pm Est. Thank You for
choosing Nationwide Alliance Lending.
Legal Department
Nationwide Alliance Lending.
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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