BBB Warns of Loan/Payment Scams

Monday, September 13th, 2021 -- 9:00 AM

(WBAY) -The Better Business Bureau in Wisconsin says citizens lost $93,000 to scams this summer.

People say they got an e-mail that appears to be a legitimate loan company, with a logo and contact information. One victim told the Wisconsin BBB that “the money will be available the next day, but then it will be rejected by your bank three days later.”

Before the check clears, the fake lender demands you buy insurance for the loan. Victims don’t realize it’s fake until after they pay the insurance.

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