Internet Loan Scams

Just a word of warning, and it is a little off of our normal topics here, but a lot of people are reporting problems after getting loans through the internet loan companies.

The problem that is popping up is that months and months after the loans are paid off the person's bank accounts have a draft against them for an amount of money. Sometimes the first draft is only a few dollars but I have heard of them for hundreds and if the first one is small there will be more coming.

If you have had internet loans then you probably want to contact your bank and either change accounts or ask them to flag any ACH debits (shorthand for Automated Clearing House).

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