Beware of Loan Application Scams on Mobile Devices: How to Protect Yourself

Loan Application Scams are a growing concern for authorities and users of mobile devices.

Scammers have developed a number of tactics to trick people looking for loans through mobile apps, from asking for advance deposits to cover supposed fees to stealing personal and financial information.

The consumer.ftc.gov page highlights that some of the fraudulent loan applications that have been identified in Mexico include Guava Cash, Limón Cash, Sueño, Gryphus Credito, Gato de Préstamo, Vamos, Préstamo Express, among others.

In Tlaxcala, the loan applications that have the highest number of reports are: Fast Credit, Credit Loan, Go Credit, NovoCrédito, Rapikrédito, Crédto Ya, Credmex, HiPréstamos, and We Crédito.

Thus, cybersecurity experts recommend researching any loan application before downloading it. It is essential to exercise caution when providing personal information through mobile applications and not to follow suspicious application links sent via email, text message or social media post.

In addition, If you suspect any scam or fraud, it is important that you report it and report it to the competent authorities.

Let’s keep in mind that scammers They are like viruses: they continually evolve in response to the latest news and trends, and use them to create new ways to get our money.

In addition, criminals take advantage of the high costs of life, which affects millions of people, by offering quick loans that they say will help them pay their bills.

The Tlaxcala government recently implemented a campaign stating that if anyone suspects any application and/or was a victim of fraud, you can denounce or report to 911 or 089.

Remember that if you suspect that a loan application is a scam, do not provide personal information and report it immediately to the relevant authorities.

Cybersecurity experts recommend researching any loan app before downloading it. Caution is essential when providing personal information through mobile applications and do not follow suspicious app links sent via email, text or social media posts.