Protect Yourself and Report the Latest Frauds, Scams, Spams, Fakes, Identify Theft Hacks and Hoaxes
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.
From: Winston Churchhill [mailto: email@example.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.
Nationwide Alliance Lending.
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.