Friday, September 04, 2020

Lending Scams

Scam alert

The council of Better Business Bureaus through its affiliates around the nation, recently processed over a quarter of a million complaints about bogus loan offers.

Now with the Covid-19 crisis, this figure will undoubtedly go higher. In fact, the FTC has reported as of July, Americans have lost more than $77 Million in Covid-19 scams.

Scammers have targeted the billions of aid made available to individuals and businesses.

One prime target has been the stimulus checks issued by the IRS. Scammers have tricked Americans into forking over money or personal information, under the guise of getting their money faster. Those waiting for checks that were mailed have been particularly vulnerable.

Those receiving unemployment benefits have also been targeted. The scammers will pose as individuals helping to file for these benefits and then they steal their personal information.

Federal authorities have also uncovered scams from international organized crime rings trying to file fraudulent unemployment claims tied to the $600.00 Federal unemployment benefit.

Legitimate lending institutions do not require money in advance of granting a loan. Generally, they do not use the telephone or internet to solicit customers.

You should not accept telephone solicitations, mail offers or e-mails that are sent to you or your company. If you have employees, advise them of these and other potential scams.

In these unprecedented times, it is even more imperative to beware of lending scams and other fraudulent offers.

Additional Articles and Information:

Thank you for reading Bane’s Blog®

Please read the latest issue of the Clene-Times® at

Please visit our web site at

The Bane-Clene® Team.

Free Bane-Clene Information Package

Bane-Clene Paper CatalogFree packet of information about Bane-Clene can be obtained by calling toll-free 1-800-428-9512 (U.S. ONLY!). Your information packet will include a full color catalog and price addendum. Packets will arrive in approximately 2 weeks through standard United States Mail.

You can also order the packet at the Catalog Request Form.

“A to Z” Alphabetical Index to the Bane-Clene Web Site

Print this page