As the online lending industry continues to expand, so do the tactics employed by scammers aiming to take advantage of unsuspecting consumers. At advancedusaloan.com, safeguarding our customers is paramount. That’s why we’ve compiled this comprehensive guide to help you recognize and avoid common scammer ploys.
Recognizing Common Scammer Tactics
Threatening Phone Calls about Debt
Scammers may resort to threatening or harassing phone calls, claiming you owe money. Remember, legitimate lenders adhere to fair debt collection practices and will not resort to intimidation. If you encounter such calls purporting to be from PersonalLoans or our affiliates, it’s likely a scam. Refrain from sharing any personal information and report the caller immediately.
Unsolicited Loan Offers via Phone
Our loan process is conducted entirely online. Beware of unsolicited calls offering loans, as they are likely fraudulent. We never solicit customers over the phone, so if someone claiming to be from PersonalLoans contacts you, exercise caution and do not disclose personal details.
Requests for Upfront Payments
Scammers may demand upfront payments under the guise of loan approval. Authentic lenders, however, never require payment prior to disbursing a loan. If you’re asked to send money via wire transfer or any other means before receiving a loan, it’s undoubtedly a scam. Refuse to comply and report the incident.
Impersonation of PersonalLoans Representatives
At advancedusaloan.com, we respect your privacy. We do not initiate outbound calls to customers unless requested. If you receive an unexpected call purportedly from PersonalLoans, exercise caution. Genuine calls from our company originate from the number 800-380-CASH. Never divulge personal information to unverified callers.
Requests for Banking Information
Legitimate lenders obtain necessary information during the online application process and never request your banking details over the phone. Should you receive a call requesting bank account or online login information, it’s undoubtedly a scam. Protect yourself by refusing to share sensitive information.
Responding to Suspected Scams
If you suspect fraudulent activity, report the incident to the Online Lenders Alliance consumer hotline. Your report can aid in preventing future scams and protecting other consumers.
To learn more about the OLA and access their Consumer Hotline, visit OLA Consumer Hotline.
To report a fraud or scam, contact the OLA Consumer Hotline at 1-866-299-7585.