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The most common scams when requesting money loans online

Date: July 14, 2024 Time: 13:22:25

The delicate economic situation of many families is taken advantage of by criminals to deceive them and get their money. This is what happens with many alleged scam lenders who promise to grant loans without the need to justify solvency and without the need to provide additional documentation.

In this way, if necessary, many people look for easy money on the Internet through quick loans not authorized by banking entities, and this represents a great risk for them.

Within this area we can find different scams that occur frequently, one of the most common being the one that has to do with supposed foreign lenders, who offer online loans through advertisements published on uncontrolled websites. When an interested person contacts them, they send them an email in which an advance amount is requested for different purposes that are always false and that are supposedly necessary to grant the loan, but it is a scam.

Another common scam is related to supposed online financial companies that require calling high-rate 807 and 906 numbers. In this way, when a person seeks that loan, he must call these high-cost telephone numbers, where they are entertained through long questions, and then never grant the credit. Some of these financiers even advertise in mainstream media in order to appear legal.

A similar case occurs with financial companies that advertise on television and on their own websites, in which quick loans are offered, but that request money in advance for study expenses, which are usually between 250 and 300 euros.

These companies continue the usual application process for loans used by financial institutions and banks, proceeding to collect all types of personal, economic data and even different documentation that gives confidence to the user, who may think that it is just another operation. loan. On the Internet there are many cases of complaints from people deceived by these “financial companies” in which the scam occurs with the supposed study expenses.

Other common scams when requesting loans online

In addition to those mentioned, there are other scams that commonly occur on the Internet when requesting loans, such as contact through WhatsApp, a method that different scammers resort to, taking advantage of the data that people in search of money leave in some internet portals. In this way, they proceed to send messages with credit offers to try to make one of them fall for their deception.

Finally, we must talk about individual mortgage loans, one of the most common and well-known frauds, since hundreds of affected people have appeared in the press and on television for years. In this type of scam, it is common to ask for money at the expense of mortgaging the home, in which the lender grants an amount much lower than the value of the property, including abusive clauses in which the lender gives a smaller amount of money than the one offered. It appears in the deed, and making the victim sign a bill with a short-term maturity, all focused on keeping the home at a reduced price. In these cases, instead of obtaining a return on the money lent, the scammer’s objective is to take ownership of the house.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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