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Guaranteed Loan Approval Scams

The other day while browsing the internet I happened across a website offering a guaranteed business loan.  Though a little apprehensive at first I filled out the form and received a call a couple days later.  The lady on the other end of the phone explained that I had been approved for a loan in the amount of $5,000.  She also went on to explain the reason why the loan amount was so low (my credit score).  I didn't even recall giving them my social but because I needed the money I kept listening.

Shortly, after my conversation I received a fax with a contract requesting that I fill it out and fax it in with my loan downpayment of $787.50.  The contract was well formatted and written by a lawyer from what I could tell.

Upon, finishing the fax I was told that I would need to wire my money and I would get the information for the wire transfer after I got to the transfer spot.  When I got to the wire transfer place I called back and was told where to wire my money CANADA!  The money was wired and I never received one penny of the money that I was supposed to.

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Posted by lprivott on Sunday, April 27, 2008 12:06 AM
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Rebate Processing Scam

I have been researching the latest flood of online businesses to hit the internet "Rebate Processors" and wanted to give my readers a heads up. The rebate processing jobs are not exactly what they appear to be. They state that you will be able to process a massive amount of rebates for numerous companies. Truth be told, you will receive instruction on how to setup a Clickbank and Paypal account.

Why the Clickbank account? Well, you will need this to market the electronic products that you will be creating. What? The rebates that will need to be processed will be the ones serious applicants make when they make sales. The PayPal account that you setup is used to pay the rebates. So, you make the rebate payments with your own money then receive a paycheck from Clickbank. If you have dealt with payouts from Clickbank you know that you will not receive a check until you reach the minimum payout. What this means is that you could potentially pay hundreds in rebates with your own money and still not get anything back.

Please, stay away from the online rebate processor scam!!!

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Posted by lprivott on Monday, March 17, 2008 2:32 AM
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