GRAND RAPIDS, Mich. — Personal loan scams using LinkedIn to target victims have been reported to the Better Business Bureau Serving Western Michigan.
The BBB says the scam comes via a LinkedIn message offering financing for a personal loan. The message comes from someone who appears to work for a legitimate company.
According to reports, the LinkedIn profile can be visited and looks real. BBB says some scammers will also set up a fake company website.
After receiving the message, some cases will have the scammers asking to fill out a loan application that contains sensitive personal information and a copy of your ID and signature. BBB says the goal is to steal your identity.
In other cases, the victim is easily approved for a loan. But first, the victim is asked to pay a processing fee by wire transfer.
The BBB says the following tips will help avoid falling victim to the scam:
For more information on specific kinds of scams and how to avoid them, click here.