How to Identify Internet Loan Scams

The internet, WhatsApp and social media have brought many good things, including greater access to information and the ability to communicate with people anywhere in the world. But with the new technologies came some dangers too, such as the greater risk of you becoming the next victim of fraud. So we created this post on how to identify scams on the internet in 4 steps.

Internet scams, how do you identify them?

Internet scams, how do you identify them?

From fake tickets sent to your inbox to beauty product promotions that lead you to malicious websites, there’s no shortage of cyber fraud. To give you an idea, according to a survey by Binary Ask, an online security expert, it is estimated that every 5 seconds, e-commerce is a victim of fraud in Brazil.

In the case of loans, scammers take advantage of the difficult time of those in debt to request early deposits and disappear with the money. For those who need credit, but afraid to get in trouble, don’t worry! Next, we teach you how to spot Internet scams in steps.

Check the source of the information not to fall for a scam on the internet

Check the source of the information not to fall for a scam on the internet

Got a loan offer on your email or WhatsApp? The first step is to try to find where the message came from. To do this, check out the email you used to send and answer the following questions: Do you know the company that sent the email? Have you signed up to receive messages from this company, even if it is known? Does the email have its own domain (example: contact@companyname.com instead of companyname@gmail.com)? Does the message use official images and no Portuguese grammar errors? If the answer to one of these questions is no, it’s good to be suspicious!

For messages received on WhatsApp, the attention should be even greater. Ask yourself: Who sent this message, any friends or strangers? How did the person get your contact? Keep in mind that serious, official companies are unlikely to make an informal first contact through WhatsApp. Therefore, never provide your personal data in these situations. This way you can identify internet fraud in steps quickly.

Search for references about the company

Search for references about the company

Why it is important to know how to identify scams on the internet, in steps you will learn. But be aware, the more you know about it the better.

Safer than waiting for a credit offer to fall from the sky is to go after yourself to a financial institution that can lend you the money. But be aware that the practice is not completely risk-free either, as malicious people can create fraudulent websites.

So let’s say you did a Google search and found a company that promises credit even to the negative. The first step is to verify company data as this helps identify fraud on the internet. Since 2013, companies are required to provide information such as CNPJ, address and at least one communication channel, be it email, chat or phone. With this data in hand, do a Google search and see if it matches. Use Google Street View to see your business location, call your phone number, and make sure your CNPJ is registered with the Fine Bank as authorized to offer loans.

Remember that if the offer is made on behalf of an individual, it is best to drop out as soon as possible. It’s a scam on the internet for sure!

Listen to others who have already used or talked about the service

Listen to others who have already used or talked about the service

Yes, the internet has facilitated the application of scams. On the other hand, thanks to her, it has never been easier to get other people’s opinions about services. This means that in addition to verifying official company data – as seen in the topic above – you can also use social networking, consumer protection platforms, as well as internet searches for detailed transaction information. To do this, look for the company name on Google and the Claim Here, and see what they are saying about it. Also, be aware of how the company receives criticism and positions itself in case of problems.

Another way to get to know the financial institution you want to borrow better is to look for stories on websites, magazines, or newspapers talking about it. Doing this is good for two main reasons: First, reputable companies in your area are often used as a reference and provide data for communication vehicles.

Secondly, it is the job of journalists to ensure the accuracy of the information. So if a company is cited by a big newspaper, for example, there is a good chance it is a serious, capable and reliable company! But if the company disappears already identified as scams on the Internet in 4 steps identified here in this post.

Never make advance deposits for a loan

Never make advance deposits for a loan

This is one of the main scams applied on the internet, who want to apply for a loan. Here’s how it works: The fraudulent company comes into contact with a quick and unmissable offer of personal credit. However, to release it, you have to pay an amount in advance, to pay supposed credit analysis costs, administrative fees, among others. As soon as the victim makes the requested deposit, the company disappears with the money.

Because it is a scam internet application for sure: according to the Fine Bank, no financial institution can charge upfront amounts for the release of a loan. The practice is prohibited by law, regardless of the reason given at the time of hiring. So if the person you’re dealing with asks for an advance deposit, run away because it’s a scam.

So if any company asks for a loan, you can already identify this fraud on the internet in 4 seconds.

Where to get a reliable online loan and avoiding scams on the internet?

As seen, finding a trustworthy company that does not apply internet fraud when it comes to getting a loan can be quite laborious. Even more when we think it is ideal to look for more than one offer and compare, the process can be slow and even risky, but not for those who know Good Finance!

With over 2,000 reviews on Google and a “great” rating on Reclame Here, Good Finance works only with trusted companies authorized by the Fine Bank. Enjoy that you are on our site and now make a simulation to receive up to 10 pre-approved credit offers!

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