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1. www.forbes.com › how-to-avoid-a-personal-loan-scamHow To Avoid A Personal Loan Scam – Forbes Advisor

   www.forbes.com › how-to-avoid-a-personal-loan-scam

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   Apr 22, 2024 · Personal loan scams are fraudulent loan offers that aim to collect sensitive personal information and fees from victims—with no intention of ever extending a loan. Here's how to sidestep...

2. www.marketwatch.com › guides › personal-loansHow To Avoid a Personal Loan Scam - MarketWatch

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   Sep 17, 2024 · Personal loan scammers may try to deceive you by using a fake company name, logo or false caller ID number to impersonate a legitimate lender and gain your trust. The goal of their scam is...

3. Videos

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     Business Loan Scams: Borrower Beware!

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     Loan Fraud: How Scammers Get Free Money In Your Name | Aura

     May 18, 2022

     4K Views

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     Loan Scams | Here Are 5 Ways To Spot Personal Loan Scams | CNBC TV18

     Aug 7, 2023

     862 Views

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4. money.usnews.com › how-to-spot-personal-loan-scamsHow to Spot Personal Loan Scams | Personal Loans | U.S. News

   money.usnews.com › how-to-spot-personal-loan-scams

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   Jun 7, 2023 · Scammers use emails or text messages to try to trick you into clicking on a link or opening an attachment and giving them your personal and financial data.

5. loanscanada.ca › news › loans-canada-text-scamsLoans Canada Text (SMS) Scams

   loanscanada.ca › news › loans-canada-text-scams

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   Jun 2, 2021 · The only way to prevent more Canadians from falling victim to them is to open a conversation about these types of scams and provide as much information as possible. Here are the most common signs that you are dealing with a loan scam: The promise of a guaranteed approval. 0% interest rates. Lenders with no contact information.

6. www.investopedia.com › personal-loan-scams-toPersonal Loan Scams to Watch Out For - Investopedia

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   Sep 12, 2024 · Online personal loans are safe if you're working with a verified, reputable lender. Learning how to recognize personal loan scams can help you avoid untrustworthy lenders.

7. www.sofi.com › learn › content12 Signs of a Personal Loan Scam | SoFi

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   Sep 29, 2023 · Here are 12 warning signs to look out for. 1. Phone Offers. If you receive a phone call offering you a guaranteed personal loan or unusually low interest rate, it’s most likely a scam. Reputable lenders do not cold-call potential customers. It is illegal, in fact, to make loan offers over the phone.

8. People also ask

   How can I avoid a personal loan scam?

   • By knowing how to protect yourself and doing your due diligence when considering a personal loan, you can avoid falling prey to a scam. Personal loan scammers will often try several different ways to gain access to your personal and financial information.

   How To Avoid a Personal Loan Scam - MarketWatch

   www.marketwatch.com/guides/personal-loans/how-to-avoid-a-personal-loan-scam/

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   How do you know if a personal loan is a scam?

   • You may also be able to distinguish a scammer from a legitimate lender based on their pitch. If the lender guarantees approval, is vague about fees and loan requirements, or indicates that your credit score is irrelevant—it’s likely a personal loan scam.

   How To Avoid A Personal Loan Scam – Forbes Advisor

   www.forbes.com/advisor/personal-loans/how-to-avoid-a-personal-loan-scam/

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   What happens if you get scammed with a personal loan?

   • The goal of their scam is to collect your personal and financial information, including your Social Security number or bank account so that they can commit fraud. As a victim of a personal loan scam, you can suffer unfortunate consequences, including significant financial losses and identity theft.

   How To Avoid a Personal Loan Scam - MarketWatch

   www.marketwatch.com/guides/personal-loans/how-to-avoid-a-personal-loan-scam/

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   What are the most common personal loan scams?

   • Some of the most common personal loan scams involve fraudulent lenders acquiring your information or funds by promising a loan without a credit check. Others make unsolicited loan offers and then collect upfront fees or collateral before disappearing.

   How To Avoid A Personal Loan Scam – Forbes Advisor

   www.forbes.com/advisor/personal-loans/how-to-avoid-a-personal-loan-scam/

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   What should I do if a loan is a scam?

   • • Gather documents: Collect all relevant documents, including loan agreements, payment receipts, and communication with the scammer. • Contact law enforcement: Report the scam to your local law enforcement agency and provide them with all the information you have gathered.

   12 Signs of a Personal Loan Scam | SoFi

   www.sofi.com/learn/content/loan-scams/

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   Can a personal loan scammer access my bank account?

   • A personal loan scammer can access your bank account through the personal and financial information you provide on your loan application. The lender may guarantee your loan is approved if you pay an upfront fee.

   How To Avoid a Personal Loan Scam - MarketWatch

   www.marketwatch.com/guides/personal-loans/how-to-avoid-a-personal-loan-scam/

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9. www.nerdwallet.com › personal-loan-scams6 Signs of a Personal Loan Scam - NerdWallet

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   Apr 22, 2024 · Personal loan scammers may falsely guarantee approval or post fake licenses. Know the signs of a personal loan scam to ensure you're borrowing from a legit lender.