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Protect Yourself from Loan Rip-Offs: How to Identify and Prevent Scams

(openPR) It is the well-known, bad scam: People in financial difficulties ask for a loan. Cheaters see this as an opportunity and play with the hopes and needs of the people – and literally take the last money out of their pockets.

They make completely untenable promises and give the impression that a loan of any desired amount can be paid out immediately. Especially in the area of Loans without Schufa the insecurity of those looking for a loan is shamelessly exploited.

As a prerequisite for the imminent payout, only processing fees would have to be paid – in advance, of course. It is not uncommon for sums of several hundred euros to be involved here.

Our warning against credit rip-off:

Reputable providers always work without For costs. Also never pay in advance!

If you first want to pay money somewhere, you should quickly click further – this is the best protection against crooks who do not want to help you but only want to take advantage of your situation.

Without exception, credit fraudsters and rip-offs rely on quick profits without consideration and praise their offers luridly. In particular, they also promise credit to the most vulnerable of those seeking credit: the unemployed and those on welfare who supposedly only need to call.

The most common tricks and lousy scams: how to easily identify and prevent credit rip-offs!

1. Rule number 1: Anyone who does not demand security is not serious!

A healthy dose of caution is required when choosing a credit intermediary. Credit intermediaries who do not require collateral are strongly discouraged. Then nobody really gives money without collateral! Unfortunately, it is the case that dubious and alleged credit intermediaries cold-bloodedly exploit people’s financial plight.

2. Sensational offers with high promises – typical credit rip-off!

Typical feature of dubious offers: Credit fraudsters always rely on quick profit without consideration and praise their offers luridly. In particular, they also promise credit to the most vulnerable among us: the unemployed and those on welfare who supposedly only have to telephone.

3. Beware of 0190 credit hotlines!

Hard to believe, but people still fall into this trap: if you actually call these 0190 credit hotlines, it’s your own fault! The scam is obvious: In most cases, countless data are always requested in order to keep the caller on the line as long as possible. This is only about the phone charges. A 10-minute call easily costs 20 to 25 euros. Of course, no loans are given!

4. Beware of cash on delivery loan applications – pure loan rip-off!

Another scam consists in sending the alleged loan applications cash on delivery at outrageous prices of up to €200. Promises are often made that only then can the supposedly cheap loan be granted. As a rule, those affected then hear nothing at all or the application is rejected “with regret”. So: NEVER pay for a loan offer! Never pay in advance!

Important information to avoid credit rip-off:

Reputable credit intermediaries – also for loans without Credit bureau – offer always a FREE and NO OBLIGATION loan offer! Anyone who asks for payment in advance is usually dubious!

More information at:

2023-07-01 21:18:51
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