.jpg)
Scammers are very clever people and tricky to deal with. It is very difficult to identify a scam and take action against it. They always convince people using different methods like emails, text messages, and social media platforms to invest money. You may never know even if they get access to your details and account details.
If you think you have provided these details to a scammer, your money is probably stolen. You probably can not do anything about it. So, the question arises of how to recover from loan scam.
Inform The Bank
If you use a credit or debit card to pay, you should ask the bank to reverse the payment. But you must provide proof that it was a scam. Secondly, if the scammer made a transaction without asking, block your card and secure your account.
Gift Card Payment
It is a conventional method used for a scam. If you paid using a gift card, contact the company that generated it. You can ask them for a refund. Also, keep the receipt of payment and gift card as proof with you.
International Payments
For international payments generally, platforms like Western Union and MoneyGram are used. Tell them immediately about the scam and they might give your payment back. This is how to recover from the SBLC scam.
Mobile App And Online Payment
In case of online payment through your bank or a mobile app, you should contact the authorities. They can block scammers from accessing your accounts. Plus, they can recover your funds.
Payment using cryptocurrency is generally irreversible. You can get the payment only if the recipient sends it back. If there is a company involved, you can claim your funds from them. This is how to recover from the SBLC scam.
How To Spot Fake Loan Companies?
Tracing a scammer is very difficult but not impossible. These simple tips can help you spot fake loan companies.
- The scammers generally call or text you by saying that they are your bank representatives or some officials. They try to access personal details like account balances, PIN codes, and card numbers. But remember that government officials and the bank never ask for your details.
- They can also ask you to put in the information on web pages. They resemble those of official websites but you must investigate and confirm before entering your details.
- Loan scams, generally persuade you to invest. Scammers never ask for a large investment. They offer to give a large sum with a small investment. They would take money from you in small investments.
- They would use emotional language and force you to act fast. Don’t agree with someone who uses these tactics.
- Check the background of the loan company before giving them money. Make sure that the website or agent is original and that you are not being scammed.
- If you doubt that someone is a fraud, ask for your money back. If they refuse or ask for a fee, it ensures that you have been scammed.
For Further information, contact Assetsrepo.
