Loan Fee Scams

It’s difficult to get a short-term loan. It has become easier in recent years, with the ability to apply for loans online. However, you have to be careful to be sure you’re working with a legitimate company that offers fair terms, and not a scammer.

Do loan fee scams really exist?

Yes. Loan fee scams exist, and if you fall for one, you could lose a huge amount of money. There are lenders that guarantee you money before checking your account. This is a red flag. Legit lenders will check if you can afford a loan, before promising you anything. 

How do I know if it’s legit or a scam?

To avoid falling victim to a loan fee scam, you must make sure you know the difference between a legitimate lender and a scammer. A legitimate lender will always do a credit check before offering you a loan. They do that to see if you will be able to afford the loan or not and to determine the terms of repayment. It’s important to them you will be able to repay the loan in time. A scammer, on the other hand, does not care about that. They take advantage of people desperate for money and may have had trouble securing loans from a traditional bank.

How does it work?

Loan fee scams work in different ways. They might ask for a pre-processing fee, know that if you are desperate, you will pay what you have to get the money you need. Or, they can ask you to pay for insurance for the loan, they say it’s a requirement for them to be able to approve the loan.

How do I know if the lender is legit?

Always do some research before signing or approving anything. Are there any additional fees to pay? What do other people say about this lender? Are there any reviews online? Do they have a license? Are their policies in line with the local laws and regulations governing short-term loans?

I fell for the scam, what should I do?

If you have been made the victim of a loan fee scam, you might wonder, what now? Will you ever see your money again? Or is it lost forever?

It’s difficult to get your money back from this sort of scam. However, there are a few options. You can contact the police and open a case, or a lawyer to sue the lenders. However, the police and lawyers might not be able to get your money back, and it takes time to go through legal channels. And hiring a lawyer may cost more than the money you lost in the first place.

Another option is to contact Claim Justice. We work against scammers and help victims get their money back. We might be the best solution, offering you the biggest chance of getting your money back.

Requirements to work with Claim Justice

There are a few requirements you need to meet to be able to get assistance from Claim Justice. 

The information about the payment is the first requirement. They can only help you if you did a direct bank deposit or used a credit/debit card. 

The second requirement is that you share the communication between you and the lender. It’s important to prove that you yourself have tried to get your money back. The method of communication does not matter. You can provide a list of phone calls, messages, letters, or emails.

If you meet these requirements, you have a good chance of seeing your money in your account again.

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