Online Loan Scam - - Oklahoma City, OK - News, Weather, Video and Sports |

Online Loan Scam

Posted: Updated:

If any loan company asks for a large upfront fee - run the other way!

The online loan company scam we just exposed is really just a new version of the "Nigerian Check Scam".  In this case, the money was wired to Canada. 

And here's the worst part...if you are a victim, the chances of ever seeing your money again is almost 0.  If you have truly lost money, you can file a complaint with your local F.B.I. agency.  But let's be honest.  Rarely are they able to get it back for you.
If you'd like to try, here's a link to the FBI's internet crime complaint center:

The best thing here is to prevent becoming a victim in the first place.  Some states, like Connecticut have laws against lenders asking for fees.  Oklahoma does not.  However, I talked with everyone from the Banker's Association, the Department of Consumer Credit, and a local lender, and all say any fees will be minimal.  We're talking a credit check - or a home's appraisal (it's a little different when it comes to mortgage loans). 

As with any business transaction, use a reputable company.  Check them out with the BBB.  And if your gut tells you something's fishy - listen to it!  And pick another company.

Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.