Could This Mysterious Loan Offer Be the Secret to Skyrocketing Your Book Sales—or a Risk You Can’t Afford?
4. They create a false sense of urgency. They want you to sign on RIGHT NOW (“the rate is about to get higher!!”), before you have a chance to think about it, and research them.
5. Before the loan can be finalized, a hiccup occurs. You have to pay them a processing fee (that “fee” goes by many names). Of course, you’ll never get that money back…NOR the loan!
6. In some cases, they convince (often elderly) victims that they need the login information for their bank account. You can see where this is going, right? They claim they need that so they can wire the loan money to the victim. You do NOT need someone’s banking login information to wire them money! Some of the con artists send the victim a fake check. The victim deposits it. The scammer then immediately says the check was for too much money, and they insist that the victim wire the difference back to them. In the end, the original check bounces, so the victim is out the money they wired.
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