answersLogoWhite

0

What is an advance fee loan scam?

Updated: 9/15/2023
User Avatar

Wiki User

14y ago

Best Answer

That's where a company pretends that they have approved you for a loan, and that you just have to send a deposit or fee to get it. After you send the money, you do not get the loan. You may be asked for a yet another deposit or fee, and they'll keep asking as long as you keep paying.

But you will not get the loan.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is an advance fee loan scam?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is the company by the name of Union City Financial ligate?

It's a scam. The "advance fee" type scam. They offer a loan, but just need you to give them a fee up front for it, to cover insurance or whatnot. You never then get the loan.


What are opinions on the elect group?

Yes, it's a scam. An "advance fee" scam. You send them your money for a loan modification, and then they give you nothing at all.


What are opinions on Hanson Carter Financial Source?

It's an "advance fee" scam, in which they promise a loan, but charge a fee. And if you pay it, another fee. As long as you keep paying, they'll keep charging. But you will never get the loan.


Lakewood financial management?

They're scammers specializing in the "advanced fee loan scam". They're scammers specializing in the "advanced fee loan scam".


Has anyone heard the latest on the brunswick financial group scam?

They are an advance fee type scam pretending that you'll be getting a loan. As to the "latest", they must not be doing as well, as all the links that pop up are about them being a scam.


Is dway traveling agency a scam?

Yes, it is a 419 type "advance fee" scam.


Do legitimate loan companies charge a fee for a loan?

No, they do not. Such that do are refered to as "advance fee" scams. Best avoided.


What are opinions on Greco Investment Capital in Cedar Rapids Iowa?

Yes, it's an "advance fee" scam. You send them money, but you do not get any loan or any money or help.


What are opinions of the nationwide International clearing house NICH?

It's a scam. The "advance fee" type scam.


What is an advance fee scam?

An advance fee scam is a form of consumer fraud which involves obtaining a small amount of money from a victim in advance of a larger deferred benefit, such as a job, a high rate of return, or a share of some ill-gotten gain.


Is RichPtc A Scam?

Yes, it's a scam. You pay an "advance fee", and then do not become rich by clicking on ads or sites.


Are allied Irish bank loans real or scam Mr.Craig Ashton operations Department real or scam?

It's an "advance fee" or a "419" scam. You are told you'll get a large loan, check, etc. All you have to do is send a fee for various costs. And your personal info. Then you lose that money, and any other amount they can steal from you. There have been hundreds of complaints.