What is loan scam 2010 India?

Answer 1

I'm not sure if it's the same thing, but there is a scam taking place involving loans, often payday loans. You would get a phone call from an unknown or very odd looking number on your caller ID. It would be someone with an American sounding name, but a very middle-eastern accent. They tell you that you had a loan you never paid, and that in order to avoid charges being placed against you, you have to wire them $XX. If you question them, they tend to get rather irate in an attempt to scare you. It is believed they are operating out of India, and it is a scam. Never send money to someone you don't know, period. If you had a loan, then they would by law have to send you validation of the loan, proving that it was yours. These particular folks won't even give you an address for their "business", and they certainly won't send you anything in the mail.