In the News -- BBB Warning on Advance Fee Loan Scams

June 19, 2012

Better Business Bureau in Dallas is sending a warning that if you are searching for a loan online, you could end up on a scammer's fake site offering quick loans instead, reports Roni Proter of CW33-TV, Ch. 33, Dallas – Fort Worth.

Victims say they are asked to load up cash through Green Dot Money cards and send the thieves their passwords, but all they receive back is more debt.

"They tell you that you have been approved for a loan, maybe you applied online, but then they say you have to pay in advance, maybe insurance. You send the money, hundreds or thousands, and you never get the loan. They disappear because they're just scammers," says Jeannette Kopko, spokesperson for BBB serving Dallas and Northeast Texas.

β€œThe BBB has a free app where you can check out any company and see their ratings or any complaints that were filed against them,” Roni Proter says.

She also reports that Green Dot also has these tips:

· Protect your account information just as you would cash.

· Never give your MoneyPak number to a private individual.

· If anyone asks for any card or account information, it`s probably a scam.

See the story at this link:

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