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6 Smart Things You Can Do to Avoid Coronavirus Loan Scams

Scammers constantly find new ways to get their hands on money and coronavirus-related loan scams are their most recent methods. "There is an increase in phishing scams and loan scams, including cybercriminals…

Coronavirus Loan Scams You Should Watch Out for Right Now

The Federal Communications Commission has issued a warning to all consumers and businesses, urging them to watch out for coronavirus scams, such as phishing attempts by phone, email or text. Here’s what scams have been identified by FCC in relation to the coronavirus crisis:

  • A text from a fake FCC Financial Care Center offering $30,000 in COVID-19 relief
  • Robocalls advertising student loan repayment plans
  • Small businesses receiving calls and emails about fake COVID-19 emergency funding and loans
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