Loan Scams: Capital Investment Solution Company, Mr John Smith

Loan Scams:
Capital Investment Solution Company,
Mr John Smith

Have you received an email or postal letter from "Mr John Smith" at Capital Investment Solution Company offering you a debt consolidation loan, student loan, mortgage, small business loans or a great credit card rate?  The rate is incredibly low, they say they need very little documentation and can get you money fast?  It is probably a scam.  The offer and their websites (if they have one) may even look real, except they will quickly ask you for personal financial information, social security number, bank account numbers, in addition to your name, address, phone numbers, etc.

Also see this page on Scholarship, Student Loan and Financial Aid scams!

Notice the poor grammar, unprofessional phrasing, poor syntax, and the free gmail account; all clues that this is a scam.


Actual scam email (One example - the scammers constantly change names, dates and addresses!):

I am  Mr John Smith (CEO) Capital Investment Solution Company,I am a private loan lender .

We give out loans to business people and individuals for just 3% interest rate.

We give out local and international loans to any body all over theworld.We give out loans via account transfer to what ever country you are.We are not a bank and we do not require much documents

If you are interested in getting a loan from our company, contact us with following details.Email: johnloanfinance@gmail.com

Regards,

Mr John Smith

TEL: +44 704 577 4175

Chief Executive Officer.

Johninvestment Solution Company


How do loan scams work? 

The scammer sends you an email or letter, or you respond to an advertisement on tv, radio, newspaper, magazine or online.  The ad often uses the names of large, reputable and well-recognized lenders. To respond to the advertisement, victims are directed to call a "third-party consultant" who solicits application information including social security numbers. During this telephone call, the "loan" is always approved.

The "third-party consultant" then faxes a loan package to the victim, or directs the victim to a website to enter the information. The package includes a request for bank account information.

Finally, victims must wire a required advance payment or a deposit through Western Union or Money Gram to the consultant. The victim never obtains a loan, and the scammer disappears with the application fees and down payments.

See this page for much more information about this type of scam.


How to report a loan scam


Loan Scam names

  • EducationalDirect.net

Other related information

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