According to the Federal Trade Commission in the United States, consumers lost $3.3 billion to loan scams in 2020 and this trend is likely to continue. These scams may take the form of exploitative loans with extremely high interest rates, fake services that claim to help people find and apply for loans and disappear once their up-front fee is paid.
It is important to familiarize yourself with the different kinds of loan scams and how they operate. This will help you stay alert to fraudulent methods and be on the lookout for loan scams before they affect you.
Legitimate loan services will not charge an upfront fee for services but will take a portion of the loan after it has been granted. They will also not absolutely guarantee approval of a loan. In addition, if they do not provide basic, essential information, such as rate of interest, that is usually a red flag.
Contact Broker Complaint Registry experts if you have lost money in a bitcoin forex scam. We deal with a variety of issues, including data theft, broker scams, and crypto complaints. Our team will refer you to experts who have vast experience dealing with regulators, banks, and law enforcement. We will provide advice and give you valuable guidance to help you resolve the issue.