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Loan Offer Scam Emails

Summary:
Unsolicited emails promise easily procured, low interest loans to recipients (Full commentary below).



Status:
False - Advance fee/identity theft scams

Examples:(Submitted, June 2008)
Subject: LOAN OFFER AT 3% INTEREST RATES... APPLY NOW

LOAN OFFER AT 3% INTEREST RATES... APPLY NOW


MAC-SANTOS LOAN AGENCY(Loan Services ) now, Loan specialists who help stop Bad Credit History,to discover a win solution which is Our Mission.Interested Persons should contact me via E-mail:

Lender\'s Name: Mr.Mark Santos:
Lender\'s Email: macsantosloanagency02@yahoo.de

BORROWERS INFORMATION
Your Names:
Your Country:
Your Address:
Your Age:
Your Fax Number:
Personal Number:
Office Number:
Your Occupation:
Sex:
Monthly Income:
Amount Needed:
Loan duration:
Brief description of individual:
Best Regards,
Mc.Santos


Subject: Public Loan Offer...Apply Now

Greetings to You

Leicester $ Alliance Loan Firm is offering a floating loan scheme at 3% interest rate without any collateral. (Only identification)

The Minimum amount you can borrow is $5,000.00 US Dollars to Maximum of $10.Million

Do you need Loan for individual or corporate concern? Then apply now
APPLICATION FOR LOAN
First Name...
Last Name: .........
Initials: ............
Sex: .................
Date of Birth...
Place of Birth: .............
Marital Status: ..............
Occupation: ................
Home Address: ..................
Phone No: ..................
Mobile No: ................
City: ..................
State: .................
Country: ................
Zip Code: .................
Loan Amount: .................
Loan Duration: ................
Monthly Income: ....................
E-mail Address: .....................

All replies should be forwarded to the Company's
E-mails: leicesterloanfirm@live.com




Commentary:
Most Internet users will have encountered unsolicited emails offering them low interest, unsecured loans. While some of these may be commercial spam emails that advertise real, if somewhat dubious, loan agencies, others like the ones included above, have a more overtly sinister motive.

Like many other scam emails, the intention of these messages is to entice the recipient into making initial contact with the criminals responsible by replying to the message. The promised loan funds are imaginary. Those responsible for such emails are in the business of identity theft and fraud, not money lending.

In the guise of a "loan application" the potential victim is asked to provide a significant amount of personal information. During further correspondence, the scammers will most likely ask their victim to provide even more personal and financial information. In due course, the scammers may collect enough personal information to allow them to steal their victim's identity.

Moreover, the victim will probably be asked to send money in advance of receiving the "loan", ostensibly to cover legal or banking fees. Once the victim has made contact by replying to the initial email, he or she will soon receive a follow-up message with the good news that the "loan" application has been approved. However, as a proviso of receiving the loan, the scammers will claim that the "applicant" is required to pay specified fees in advance before the loan can be released. They will insist that these fees cannot be deducted from the loan itself and must be paid in advance. Unfortunately, any "fees" sent by the victim will be pocketed by the criminals running the scam. And, of course, the victim will never receive the supposed loan nor is he or she likely to get back any money that has already been sent. To make matters worse, the victim may become one of the increasing army of people who have to endure the nightmare of having their identity stolen.

Be wary of any unsolicited email that promises low interest loans with little or no collateral. Genuine finance companies do not operate in this manner.

Follow the links below to learn more information about advance fee scams:

Last updated: 25th June 2008
First published: 25th June 2008

Write-up by Brett M. Christensen