Two clues to a fraud lender

[Michael Bellotti]

First use a reverse phone app, check their number. If it comes back Non fixed VOIP, it’s more than likely a scammer! What that is for those that don’t know, is a phone number they own in a certain geographical location. Say that number is from Philadelphia, Pennsylvania and it’s a Non fixed VOIP, they could be any were in the would using the number remotely. They could be in Bombay, India. Again that’s an indicator it may be a scam, but slight chance it’s legit. With covid and working from home, maybe companies are using that option these days. Second, They ask for a commitment fee, just run at that point! That’s a clear indicator you are talking to a scammer!!! You give them that money in any form, you not only will not see that money again, but you most certainly will not get that loan. The old way it use to be done was asking for an inspection fee for the property. That was a better scam, since banks all ask for that. They just take your money claiming that the property failed an inspection they never did. Well live and learn in life. But do your homework before you get burned!!