Loan scams prey on people when they are most vulnerable, especially during times
of financial hardship. As families struggle to cope with rising living expenses
caused by inflation and economic instability, scammers exploit those seeking
financial help, ensnaring them in a cycle of debt.
of financial hardship. As families struggle to cope with rising living expenses
caused by inflation and economic instability, scammers exploit those seeking
financial help, ensnaring them in a cycle of debt.
In 2023, over $10 billion was lost to fraud
[https://www.ftc.gov/news-events/news/press-releases/2024/02/nationwide-fraud-losses-top-10-billion-2023-ftc-steps-efforts-protect-public]
in the U.S. Although inves