August 2021 IDM Special Edition
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SCAMDEMIC: NO VACCINE IN SIGHT<br />
DEBT REVIEW SCAMS<br />
YOU CAN GET<br />
A NEW LOAN<br />
A common scam is to target people in debt review<br />
who are not actually serious about getting out of debt.<br />
The scammer gets in touch and promises the consumer that they can<br />
get access to a new loan even though they are in debt review. They<br />
appeal to the desperation or greed of the person in debt review, very<br />
similar to the classic 419 scam.<br />
How it Works:<br />
Once again, the idea is that the scammer promises you could get<br />
access to a loan, but only if you pay a small upfront fee. They say<br />
that their business is not worried about things like “black listing” (a<br />
nonsense expression) or “debt review”. They promise not to do any<br />
credit bureau checks before giving out the credit (even though the<br />
law requires it).
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