| Advance fee loan telemarketing scam is another | | | | will typically tell you that your credit report has |
| kind of scam that people should be wary about. | | | | qualified for a substantial amount of loan. They will |
| This type of telemarketing scam aims at people | | | | offer good rates and assure you that it will help |
| who have bad credit and those who are also | | | | rebuild the credit. All these are gimmicks so that |
| looking to rebuild their credit. | | | | they can lure you into paying the advance fee. |
| For a person with a bad credit report and who | | | | Scammers will also pressurize you to pay the |
| being is turned down constantly there is nothing | | | | money upfront using your credit or debit card. |
| more appealing than an advance fee loan. | | | | They will say that the money is for covering loan |
| However, many consumers feel worse when | | | | deposit, insurance or application fees. They will ask |
| they pay up the advance fee and realize that it | | | | you to pay through the credit card. |
| was a scam. So you need to be extra careful | | | | If you get such a call, refuse to give any |
| when you receive calls offering you advance fee | | | | information including your billing address. Instead |
| loans. | | | | ask them for a contact number and inform the |
| Make a note when someone calls you with a | | | | person that you will call back. Never give out |
| dubious offer. Scammers always use numbers | | | | information like last name, mother maiden name, |
| that start with 800, 877 and 866 to make their | | | | billing address as these may be used for identity |
| calls. | | | | theft or they may wrongfully charge your credit |
| Listen to what the telemarketer is saying. They | | | | card. |