New advance fee scam

Wednesday, 5 January 2005, 1:03 PM EST

UK consumers looking for loans are being stung for thousands of pounds by a new advance fee scam.

Interestingly this scam, which originates from Canada has so far avoided the internet and is using advertisements in local newspapers. With people wanting to offset the costs of Christmas the newspaper adverts, which offer fast loans regardless of credit history, appear safer following the growing problem of internet scares.

By Dinah Greek at vnunet.

[ Read more ]




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