BATON ROUGE, LA (WAFB) - The Louisiana Attorney General's Office has a warning for incoming college students and military families.
Attorney General Buddy Caldwell reminded consumers Wednesday to be skeptical of advertisements and websites that guarantee loans or credit cards.
"Remember that legitimate lenders never guarantee or say that you are likely to get a loan or a credit card before you apply, especially if you have bad credit, no credit or a bankruptcy," Caldwell said in a written release.
Regardless of your credit history, Caldwell added offers that promise easy and fast money can often indicate a scam.
The Attorney General's Office provided some red flags that should tip consumers off to a scam:
- A lender doesn’t care about your credit record.
- An up-front fee is demanded before the loan is granted.
- A lender says they won’t check your credit history, but wants your personal information, like your Social Security number or bank account number.
- A loan is offered by phone. It is illegal for companies doing business by phone to promise you a loan or credit card and ask you to pay for it before they deliver.
- A lender asks you to wire money or pay an individual. Never make a payment for a loan or credit card directly to an individual; legitimate lenders don’t ask anyone to do that.