How to Avoid Coronavirus Loan Scams
It’s actually pretty simple. Listen to your intuition. “If it sounds too good to be true, it probably is,” Spence says. Another fraud the FBI warns against is the marketing of fake COVID-19 test kits and unapproved treatments that allow scammers access to your personal data.
“Reports of potential consumer and medical scams [are] abound in these trying times,” says Scott Grissom, chief product officer at LegalShield, a provider of privacy protection plans. Grissom warns consumers to “avoid products that specifically claim to be effective against the coronavirus,” especially since the Federal Trade Commission (FTC) informed that “there currently are no vaccines, pills, potions, lotions, lozenges or other prescription or over-the-counter products available to treat or cure Coronavirus disease 2019 (COVID-19) – online or in stores.”
Here are some more tips to help you identify loan scams:
