Advance-fee loan scams spreading: "The Mountain States Better Business Bureau issued an international alert on Oct. 11 cautioning consumers about a surge in advance-fee loan scams. Bureaus from across the United States and Canada are receiving complaints from consumers who have applied for loans and paid money upfront, but never received the promised loans.
Consumers contacting the Better Business Bureau say they discovered the companies through local newspapers. The ads offer loans of thousands of dollars regardless of the person's credit history. Once the loan application is submitted, the consumer receives a letter indicating approval for a loan amount, usually in the range of $5,000 to $100,000."
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