(Dufferin County, ON) Dufferin OPP has investigated two on-line loan scams in last few weeks.
A Dufferin County resident had filled out an online application for a $15,000 loan and two weeks later he was contacted by a male on the phone. The male provided him with a contact phone number.
The citizen contacted the male and was advised of the following:
- he was approved for the loan but had to pay insurance fee of $500
- the citizen sent 3 payments in amount of above fee at request of male suspect.
- Each payment was made in cash through Money transfer business.
- The citizen became suspicious regarding having to pay so much insurance.
- He then attempted to contacted male who had approved the loan and has not been able to make contact. The male suspect has not returned calls
- The wire transfers were picked up at in Ajax, Ontario
Dufferin OPP remind citizens of the following Helpful tips
- Ads that promise loans generally appear in classified sections of local and national newspapers, magazines and tabloids.
- Remember: simply advertising through recognized media outlets does not ensure the legitimacy of the company behind the ad. Some companies claim they can guarantee you a loan even if you have bad credit or no credit.
- They usually request an up front fee, which may range from hundreds to thousands of dollars.
- Once you send your money to these companies, you never get your promised loan and you cannot get your money back.
- If you cannot get a loan through traditional lending institutions, it is unlikely that you'll get one in response to a classified ad.
- Ask the loan company to take the amount of their fee off of the total amount of the loan
For more helpful tips visit the OPP website at www.opp.ca
Contact: Provincial Constable Paul Nancekivell
Media Relations Officer