Advance Fee Loan

Scam Type

Advance Fee Loan Scam

Date Reported

2023-04-19 00:00:00

Victim Postal Code


Total Dollars Lost


Scam Description

I was searching for a loan online and received a text from Lending Point stating that I was approved for a loan and that I was to call the number above and speak to Robin, who had a very heavy Indian accent. I gave him the approval code from the text and he proceeded to detail his company’s credentials with the BBB, FDIC and whatnot. He emailed me a link to fill out my information for verification. After I naively filled it out and sent it in, he called me back and said that because my credit score was below 690 that his company was going to send me a small loan of $500 which I was to return via Venmo, PayPal, cash app or through my local Dollar General. This would show up as a paid loan which would increase my credit score and then his company would release my loan. I realized then that it is a scam and declined the offer. I contacted Lending Point and it was confirmed to be a scam

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