What is a

Loan Scam?

Have you received an SMS or WhatsApp message offering loan services? If yes, ignore such messages as these could be advertising messages sent out by scammers.

In what is known as “Loan Scam”, scammers (sometimes even claiming to be staff from a licensed moneylender) send out advertising messages offering loans to random users. Interested parties are then instructed to transfer a sum of...

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