Terms such as 'credit security' disguise charges that arenвЂ™t appropriate, Better Business Bureau says
On the web money fraudsters are ramping up a classic scam, luring struggling Canadians in the COVID-19 age with bogus loans that lead to more economic woes, CBC Information has discovered.
"Scammers are using the pandemic simply because they realize that plenty of Canadians right now вЂ” as well as in the days and months from now вЂ” are getting to be strapped for money," said Jessie St-Cyr, a news relations officer for the bbb of eastern and north Ontario in addition to Outaouais. "they're going to be interested in loans."
The greater Business Bureau is warning customers to keep away from "advance-fee loans," which need customers to cover cash upfront before getting any funds.