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Bank loan or credit card scam

Bank loan or credit card scam South Africa

Posted Apr 14, 2020
Type: Bank loan or credit card scam
Credit: ChaffeurDriven.com
People can be easily scammed by “too good to be true” bank offers that might guarantee large amounts of money and have already been pre-approved by the bank. If such an incredible pre-approved loan is offered to you, ask yourself:

“How is it possible for a bank to offer you such a large sum of money without even checking and analyzing your financial situation?”

Though it may seem unlikely for people to get trapped by this scam, there’s still a big number of people who lost money by paying the “mandatory” processing fees required by the scammers.

Here are 9 warning signs and sneaky tactics to watch out and avoid becoming a business loan scam.

As regards to credit card scams, a recent report from the Identity Theft Resources Center said that the number of credit and debit card breaches have been on the rise last year. To better safeguard your data and prevent thieves from getting access to your payment card details, consider:

1. Watching your accounts closely and monitor your online transactions;
2. Taking advantage of free consumer protection services;
3. Signing up for free credit monitoring.

(Excluding for the Headline, this article ("story") has not been edited by MiBiz News and is published from a web feed or sourced from the Internet.)


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