How Do You Spot The Advance Fee Loan Telemarketing Fraud?

Advance fee loan telemarketing scam is another kind of scam that people should be wary about. This type of telemarketing scam aims at people who have bad credit and those who are also looking to rebuild their credit. For a person with a bad credit report and who being is turned down constantly there is nothing more appealing than an advance fee loan.

However, many consumers feel worse when they pay up the advance fee and realize that it was a scam. So you need to be extra careful when you receive calls offering you advance fee loans. Make a note when someone calls you with a dubious offer.

Scammers always use numbers that start with 800, 877 and 866 to make their calls. Listen to what the telemarketer is saying. They will typically tell you that your credit report has qualified for a substantial amount of loan.

They will offer good rates and assure you that it will help rebuild the credit. All these are gimmicks so that they can lure you into paying the advance fee. Scammers will ... more.

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