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Scammers preying on personal loan seekers

The Nebraska Department of Banking and Finance recently announced two Internet-based companies, which claimed to be based in the state, were committing fraud, according to a report from Omaha television station WOWT. The investigation found these companies were not at the addresses listed, and always required potential borrowers to pay fees between $200 and $1,500 in advance of any funding.

The report said the DBF urged consumers to exercise caution when giving anyone their personal information online, as stealing a few hundred dollars may not have been the fraudsters' only goal.

Many lenders are happy to help people meet their financial goals by extending them a loan. However, consumers should always thoroughly research their loan providers, or anyone that wants their personal information. If a lender asks for money to cover fees upfront, then it's likely they're not a legitimate business.ADNFCR-3801-ID-19937353-ADNFCR