Be Careful of Online Loan Scams

Feb 15, 2018, 20:09 PM

Strapped for cash? You might think an online payday loan is a quick and easy way to help stretch your money. But before you enter any personal information on a website, you should know that the online payday loan could be a window to a scam.

With this scam, a member is instructed to provide online/mobile banking usernames and passwords online or to the contact person. The action will allow the fraudulent group to log in to the accounts to access mobile remote check deposit services to deposit their checks. The checks are then returned after the holds expire and the member has already removed the funds.

Crooks use clever schemes to defraud millions of people every year. Here are 10 things you can do to avoid fraud.

Metro Credit Union takes great precaution in preventing against fraud but all members should be aware that criminals come up with new schemes each and every day. If it does not feel right, odds are it isn’t right! Please alert us to any such potential scams that you may feel are being perpetrated by contacting us as with as many details as possible.

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