What is Cryptocurrency A new word emerged in our lives two months after the beginning of the recession of 2008 and gradually transformed from a vague expression ("virtual coin") to the vocabulary used to characterize the new economy. On June 9, 2009 the first bitcoin was released by an anonymous person called Satoshi Nakamoto. For different reasons like the sub-prime crisis, Nakamoto, claimed he is a Japanese man in his 30's, said he gave the open protocol in 2007. Today the new coin is called a "Digital Asset" and decentralization is the principal idea behind it: there's no main institution responsible for regulating it. The most familiar and traded form of Blockchain's technology, Bitcoin, who has crossed the $15,000 lines way back and has shows an image of exponential increase in the past few months. The great advantage of blockchain technology is that it doesn't have to keep records for a large central computer or big managing company. With this ...
What is Loan Scam
If you receive an e-mail or visit a website offering a low or zero interest rate personal loan and no credit score limitation, watch out for that. This is probably fraud. It's definitely fraud. Legitimate investors should not send random e-mails asking people to borrow money at a very low rate or at all.
Many loan scammers create websites that provide reviews and articles detailing the loans they are providing. Bad loan is not a concern. Borrowers will obtain a loan, regardless of their credit history, from scammers.
It may sound true, but it may not be. The scammer may either collect your cash by charging you a loan fee or wishes to obtain your sensitive information.
Warning signs for loan scam
• Email messages containing orthography, punctuation, and/or grammatical errors.
• Before the loan is received, borrowers are asked to transfer money.
• The loan is subject to a tax or fee.
• They have a much lower interest rate than any other lender.
• Until the redemption of the loan, you are given a free period (such as a year without payment).
• It says that, irrespective of financial issues in the past, they will not use credit checks and will lend money.
• Borrowers are told they have to make a decision fast, or they're going to miss.
Fraud suppliers send messages, e-mails and calls to people who need cash as quickly as possible, about immediate availability of loans. You should think of this email and post, that without eligibility requirements or credit score checks you can receive a guaranteed loan. The reason for the lenders is normally to extract personal information from them. Don't be their prey.
Methods of avoid scams
Never email or enter your details about social security, credit card or bank account via email to a website you are unsure of being legitimate. The links in the email can even be false, and it is maybe not obvious whether you are sent to a website separate from the actual company itself.
Many valid loans do not have to be paid in advance. Before applying or until they have reviewed your credit score, no legal lender guarantees approval.
If a stranger or a business email asks you to click or open a hyperlink and then enter your finances, delete the email right away. And if your bank or credit card company wants to send an e-mail, it is most likely a scam called pharming. The Better Business Bureau recommends that consumers must ignore and remove emails making such requests.
Double check the privacy laws of the website before you enter your financial details on any website. Make sure that the website uses encryption that is usually signed with a web address lock on the left. This ensures that when you see the lock, the data that you enter is securely secured and secure from hackers.
What to do if you get scammed?
You may also be mistaken for particularly smart fraud, even if you know the warning signs of scams. If you do this – and if you see a likely scam and want to spare others – you can do something.
You can get all your money from your account, if you have been the victim of an online financial fraud, by approaching the bank and the police within 24 hours. The key is OTP. The money is only paid back by bank when OTP or any other information are not shared by the customer.
It seems today that financial scams and rip-offs lie all around – both online and offline.
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