In these hard economic times, a small, $5000 loan to cover those unexpected bills seems rather tempting. However, BBB warns you to be cautious of any personal loan offers you find online and avoid falling for what is known as the “Advance Fee Loan Scam”.
According to a slew of recent complaints,
Assurance Financial Services has been offering these small personal loans on their website. But these loan offers are nothing more than a scam. Consumers are asked to reveal their personal financial information and fork over close to $1,000 to cover supposed administrative costs for the loan by wiring fees to various individuals in Canada.
Assurance Financial promises the loan will be deposited in the consumer’s bank account the following day, but it never comes.
Needless to say, after paying hundreds of dollars in fees, the victims of the scam are disappointed to find out the loan offer is bogus. However still, some unfortunate victims cling to the hope that the loan offer is real. When one victim contacted
Assurance Financial Services to ask about the delay, the representatives told her something went wrong with the underwriter and they wanted her to pay another $500 to get the loan. Sad to say, some victims are so hooked by the con they send the money against their better judgment.
Read more:
http://cincinnati.bbb.org/post/assurance-financial-services--assuredly-a-scam-5614