Internet Banking Facts
 
 

Loan Scams

There are many different scammers in this world these days that will prey on the elderly or low-income people. You have to watch yourself very closely when dealing with banks you do not know personally. Especially when dealing through the internet.

Several things can happen including:

  • Requesting up-front fees
  • First month payment in advance
  • Never pay someone besides the lender, some companies say they work for the lender and they get paid before hand.
  • Never give your information out over the phone to a 900 number business.

Many people also have come across certain sites that have used a credible bank logo and it was not real. So many things you have to be careful when dealing online. You should know there are many legitimate businesses online that will never ask for any money beforehand or send you to different lenders over and over. You will be happy dealing with them.