Scammers offer personal loans


CASH HAS BEEN RECEIVING PERSONAL LOAN OFFERS RECENTLY THAT SEEMED LIKE THE BREAK HE NEEDED TO GET OUT OF DEBT. LORI: BUT, THE DEALS HE WAS GIVEN TURNED OUT TO BE SCAMS. WATE, SIX ON YOUR SIDE CONSUMER REPORTER DON DARE LISTENED TO THE SWEET OFFERS MADE OVER THE PHONE. DON: THE DEALS WERE FOR 5-THOUSAND DOLLARS, BUT EACH TIME YOU HAD TO PAY MONEY UPFRONT. BE CAREFUL. FRAUDSTERS USE THE “FRUSTRATION” AND “DESPERATION” OF THOSE WITH CREDIT PROBLEMS TO TRICK PEOPLE INTO SOPHISTICATED PERSONAL LOAN SCAMS. THE RED FLAGS ARE THERE AND WE WANT YOU TO BE AWARE OF THEM TO PROTECT YOUR MONEY. IN OAK RIDGE, ERIC STILES WENT LOOKING FOR A LOAN ONLINE RECENTLY. HE’S DISABLED AND WANTED TO BEAT BACK CREDIT CARD DEBT AND CONSOLIDATE HIS DEBTS. AT FIRST, HE FAILED TO SECURE THE ONLINE LOAN HE WANTED. THEN, WITHIN A DAY’S TIME, SEVERAL UNSOLICITED LOAN COMPANIES CALLED HIM. ERIC STILES: ON THE FIRST OCCASION, THE GUY WAS RELENTLESS. HE CALLED ONCE A DAY FOR TWO WEEKS. THIS LAST ONE, IT ALMOST SOUNDS LIKE THE SAME PERSON, BUT CLAIMING TO BE A DIFFERENT BANK. VOICE ON PHONE MY NAME IS PAUL, OKAY? ERIC: PAUL ERIC RECORDED SEVERAL OF THE CALLS. HE REQUESTED A 5- THOUSAND DOLLAR LOAN. TO HIS SURPRISE, THE LOAN OFFICERS APPROVED HIM ALMOST IMMEDIATELY. ERIC STILES: THE FIRST PEOPLE THAT CALLED WANTED ME TO GO TO WALGREEN’S AND BUY A HUNDRED AND 20 DOLLAR PAY PAL CARD AND SEND IT TO THEM, THEN THEY WOULD PUT THE MONEY IN MY BANK AFTER THAT. IT’S A SCAM, BUT IT’S SO CONVINCING. IT GOT TO THE POINT WHERE I THOUGHT: I’M TURNING DOWN A FIVE- THOUSAND DOLLAR LOAN, I DON’T KNOW IF I’M DOING THIS OR NOT, YOU KNOW. AS HE SEARCHED FOR THE SECOND CALLER HE RECORDED — FOR THIS GUARANTEED LOAN ANOTHER UP ADVANCED FEE WAS REQUIRED. VOICE ON PHONE: FOR 5- THOUSAND DOLLARS YOUR MONTHLY INSTALLMENTS WILL BE ONE-HUNDRED 50 DOLLARS FOR THE NEXT UPCOMING 36 MONTHS, WILL THAT BE OKAY WITH YOU? DARE: HE WANTS YOU TO PAY 150 DOLLARS UP FRONT. ERIC: UPFRONT. DARE: YOU TURNED HIM DOWN: ERIC: YES. I TOLD HIM, I’VE NEVER HEARD OF THAT, NEVER HEARD OF THAT IN A LOAN. THERE ARE SEVERAL SIGNS OF PERSONAL LOAN SCAMS. IF NO CREDIT CHECK IS REQUIRED, OR IF THE LOAN IS APPROVED QUICKLY, FORGET IT.A SCAMMER DOESN’T CARE ABOUT YOUR CREDITWORTHI NESS, THEY’RE AFTER YOUR PERSONAL INFORMATION. LOANS DEMANDING FEES BEFORE APPROVAL ARE A SCAM. A LENDER ASKING FOR PAYMENT BEFORE IT’S PROCESSED, YOU’RE DEALING WITH A CROOK LOOKING FOR A QUICK BUCK. IF YOU’RE ASKED FOR PAYMENT IN THE FORM OF A PRE-PAID CARD, THAT’S THE SAME AS PAYING WITH CASH IT’S NEARLY IMPOSSIBLE TO TRACE OR GET BACK. IF YOUR LOAN OFFER IS INCOMPLETE, LOOK FOR ANOTHER LOAN. THE TRUTH IN LENDING ACT REQUIRES ALL LENDERS TO PROVIDE THE COMPLETE TERMS OF A LOAN BEFORE YOU SIGN. VOICE ON PHONE: OKAY, FOR 5- THOUSAND DOLLARS. ERIC CALLED US BECAUSE HE WANTED YOU TO HEAR THE VOICES OF THE SCAMMERS AND TO LISTEN TO THEIR PITCH. ERIC: IT’S VERY EASY TO FALL FOR IT. I, AT ONE POINT, HAD MY CHECKBOOK ABOUT THINKING ABOUT IT. DON’T FALL FOR IT. DO NOT GIVE ANY INFORMATION. DON: YOU CAN GET PERSONAL LOANS FROM A LOT OF PLACES THESE DAYS. IF YOU DON’T LIKE YOUR BANK OR CREDIT UNION’S TERMS, OR HAVE BAD CREDIT WHEN APPLYING, AN ONLINE LENDER MIGHT CATER TO YOUR SPECIFIC NEEDS. BUT GOING ONLINE COMES WITH A DOWNSIDE: IT’S HARDER TO TELL A SCAM FROM A LEGITIMATE OFFER. TO HELP YOU AVOID GETTING RIPPED OFF, THE LENDER SHOULD CLEARLY DISPLAY A PHYSICAL LOCATION AND ITS STATE LICENSING INFORMATION ONLINE. THE LENDER SHOULD BE EASY TO CONTACT, SHOULD HAVE DECENT SUPPORT, AND YOU SHOULD NOT HEAR OTHER VOICES IN THE BACKGROUND. WHEN YOU APPLY FOR A PERSONAL LOAN, YOU’LL TYPICALLY GET TWO CREDIT CHECKS. A SOFT PULL TO CONFIRM YOU EXIST, AND A HARD PULL TO SEE YOUR HISTORY. REMEMBER TO “RESEARCH” THE LENDER BEFORE YOU ACCEPT THE LOAN. WITH YOUR SEARCH FIND OUT INFORMATION ABOUT THE LENDING COMPANY. IF YOU CAN’T, YOU COULD BE LOOKING AT A SCAM BUSINESS. BO AND LORI – IN THE BACKGROUND OF THE RECORDINGS — YOU COULD HEAR OTHER SALESPEOPLE MAKING THEIR BOGUS PITCHES. BO: IF YOU HAVE A CONSUMER QUESTION FOR DON — SEND HIM AN EMAIL AT D-DARE AT W-A-T-E DOT COM, OR CALL HIS SIX ON YOUR SIDE HOTLINE NUMBER AT 865- 633-5974. LORI: A KNOXVILLE FAVORITE – MAKING

5 comments on “Scammers offer personal loans”

  1. Michael Koontz says:

    well he is indian thats first sign

  2. EDGE OF HIP HOP EDGE OF HIP HOP says:

    I'm on to all of these aholes
    Check out my stuff
    It's called
    "EDGE OF HIP HOP"

  3. Solstice Beat says:

    I’m pissed. There needs to be better ways to conduct business. I’m not doing shit until i check through the better business bureau

  4. rogelio ramirez says:

    If a scammer calls me i just prank them. Then i prank call them. Do this and they will probably stop calling you.

  5. Axess2084 says:

    Of course they go after the disabled and the elderly. Scumbags. They have guys who sound American doing this now.

Leave a Reply

Your email address will not be published. Required fields are marked *