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I read an ad in my local newspaper offering guaranteed loans if I paid $750.00 in loan fees in advance. Should I be concerned about the offer?

April 26, 2017AD guaranteed loan Loans local newspaper offering paid read

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I read an ad in my local newspaper offering guaranteed loans if I paid $750.00 in loan fees in advance. Should I be concerned about the offer?

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• Yes. You have just encountered an advance fee loan scam and the party offering the loan is a thief. You will be instructed to complete and return by fax a loan application which requires you to divulge your personal identifying and financial information as well as require you to send copies of your driver’s license and social security card. After they have obtained all the information about you, they’ll request that you wire $750.00 to them. The thief has stolen $750.00 and your identity simultaneously. If you suffered a loss, the crime should be reported to your local police or sheriff’s department.