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09/23/2024

Hang up on unwanted calls about loans

FTC

People are reporting getting calls (and calls) (and more calls) about their supposed “loan application.” Only they hadn’t applied for a loan. So what’s going on?

When people don’t pick up, the callers leave messages saying the imaginary “loan application” is on hold because the business needs more information, so please call back. The calls seem urgent — and they’re persistent. People report getting calls in bursts of anywhere from five to even 20 a day, all from different numbers, all with the same story. But there never was a loan application. It’s a tactic that some dishonest companies are using to offer loans.

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