Thursday, January 22, 2026

Can you spot a fake loan text scam?


Consumer Alerts from the Federal Trade Commission

By BCP Staff

You get a text message, supposedly following up on a $10,000 loan application. Only, you never applied for a loan. Is this pure luck or a scam? Before you use the callback number in the message to find out, or even reply "NO" to cancel the application, learn to spot a fake loan text scam.

Read more ->  https://consumer.ftc.gov/consumer-alerts/2026/01/can-you-spot-fake-loan-text-scam?utm_source=govdelivery