Pay-in-Advance Credit Scam

The Bait: An e-mail arrives telling you that you have been "pre-qualified" for a loan, a credit card or some other financial product. The mail offers you a very believable solution for reducing the burden of household debt whatever your credit status. For the product to be made available to you, substantial upfront fees have to be paid.

The Catch: There is no guarantee that on submitting an application for a financial product or service that you will be approved. Your credit rating will always be taken into account when the supplier is accessing if the product is appropriate for you. All legitimate financial products or services are regulated for your benefit. The result of this con is that you won't get the product or service offered and you will lose the upfront payment.

Kind regards,
COO of www.dontbeconned.com