Fraud and scams can be rampant on the internet today. Many consumers report cases of payday installment loan fraud and telemarketing scams. The FBI has released tips to help prevent you from being victimized of such cyber-crimes and fraud schemes.<\/p>\n
How to Prevent Telemarketing Fraud of Payday Installment Loans:<\/strong><\/p>\n When you send money to people you do not know personally or give personal or financial information to unknown callers, you increase your chances of becoming a victim of telemarketing fraud. Here are some warning signs of telemarketing fraud, usually from a caller:<\/p>\n 1.\u00a0\u00a0 \u00a0\u201cYou must act \u2018now\u2019 or the offer won\u2019t be good.\u201d<\/p>\n 2.\u00a0\u00a0 \u00a0\u201cYou\u2019ve won a \u2018free\u2019 gift, vacation, or prize.\u201d But you need to pay for \u201cpostage and handling\u201d and other charges.<\/p>\n 3.\u00a0\u00a0 \u00a0\u201cYou must send money, give your credit card or bank account number or have a check picked up by courier.\u201d<\/p>\n 4.\u00a0\u00a0 \u00a0\u201cYou don\u2019t need to check out our company with anyone.\u201d The callers say you do not need to speak to your family, lawyer, accountant, local Better Business Bureau, or consumer protection agency.<\/p>\n 5.\u00a0\u00a0 \u00a0\u201cYou don\u2019t need any written information about our company or other references.\u201d<\/p>\n 6.\u00a0\u00a0 \u00a0\u201cYou can\u2019t afford to miss this \u2018high-profit, no-risk\u2019 offer.\u201d<\/p>\n In case you have received calls with these or similar \u201clines\u201d, just say \u201cno thank you\u201d and hang up the telephone. This is the best option in order to avoid payday installment loan telemarketing fraud.<\/p>\n Tips for Avoiding Payday Installment Loans Telemarketing Fraud:<\/strong><\/p>\n Before you apply anything by telephone, remember:<\/p>\n 1.\u00a0\u00a0 \u00a0Don\u2019t apply with an unfamiliar loan company. Legitimate lenders of payday installment loans understand that you want more information about their company and are happy to provide this information.<\/p>\n 2.\u00a0\u00a0 \u00a0Always ask for and wait until you receive written material about any offer. If you get brochures about costly investments, ask someone whose financial advice you trust to review them. But, beware because not everything written down will be always true.<\/p>\n 3.\u00a0\u00a0 \u00a0Always check out unfamiliar loan companies with your local consumer protection agency, Better Business Bureau, state attorney general, the National Fraud Information Center, or other watchdog groups. Unfortunately, not all bad businesses and lenders can be identified through these organizations.<\/p>\n 4.\u00a0\u00a0 \u00a0Get the salesperson\u2019s name, business identity, telephone number, street address, mailing address, and business license number before you transact business. Some con artists give out false names, telephone numbers, addresses, and business license numbers. So, verify the accuracy of these information.<\/p>\n 5.\u00a0\u00a0 \u00a0Don\u2019t pay in advance for services. Payday installment loan lenders do not ask for upfront fees.<\/p>\n 6.\u00a0\u00a0 \u00a0Always take your time in making a decision. Legitimate loan companies won\u2019t pressure you to make a snap decision.<\/p>\n 7.\u00a0\u00a0 \u00a0Never respond to an offer you don\u2019t understand thoroughly.<\/p>\n 8.\u00a0\u00a0 \u00a0Never give out personal information such as credit card numbers and expiration dates, bank account numbers, dates of birth or social security numbers to unfamiliar loan companies or unknown persons. Be aware that your personal information is often brokered to telemarketers through third parties.<\/p>\n 9.\u00a0\u00a0 \u00a0Most of all, if you have information about a fraud, report it to state, local, or federal law enforcement agencies.<\/p>\n There is no better way to prevent fraud and scams than to avoid them. Be vigilant. Apply for payday installment loans wisely.<\/p>\n","protected":false},"excerpt":{"rendered":" Fraud and scams can be rampant on the internet today. Many consumers report cases of payday installment loan fraud and telemarketing scams. The FBI has released tips to help prevent you from being victimized of such cyber-crimes and fraud schemes. 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