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Scammers targeting desperate loan applicants online

Scammers targeting desperate loan applicants online
There are fresh warnings for people borrowing money online after a woman was scammed over $1,200 when applying for a car loan.
The woman applied for the loan through what she believed was a legitimate lending business and was contacted via email to give personal details and pay an insurance fee.
The scammers asked the woman for $1,240 in insurance and payment protection, and thinking it was a legitimate business, she complied.
People desperate for personal loans are being targeted by scammers with false approvals. ()
The scammers even sent the woman a bank receipt for the full loan amount, but when the funds never showed up, she realised she had been duped.
The scammers knew the woman was shopping online for a loan agency, going to various websites, so they targeted her email address a short time later.
The scammers are targeting people who have been rejected by traditional lenders and have widened their search in hope of a favourable response.
The online loan applicants are then contacted via email and asked for personal details.
They get their hopes up when they are told the loan has been approved and aesthetically, the business contacting them looks legitimate.
Money and fees paid upfront cannot be recouped and the victim is still nowhere closer to getting a loan approved. 
ScamNet recommends checking the licence of apparent credit providers on the ASIC website or calling them on 1300 300 630 before you hand over any information or money.
They also warn not to pay any fees or money transfers upfront to secure the loan and that clicking on links or online ads may take you to a fake website.
© Nine Digital Pty Ltd 2019