Credit fraud and scams

Published on by Delphine from OltottMesz

2.5 billion US dollars. This is the amount of online scams in United States in 2012. An amount that has grown steadily in recent years with the resurgence of all kinds of scams, including those on credit.

The Association Française des Users des Banques (AFUB) reportedly recorded more than 250 complaints in 2015 and estimates that around 10,000 people have been the victim of credit scams in United States.

Become a real scourge on the internet, these scams take advantage of the growth of the credit sector and the needs of the French to multiply. They also surf on technological innovations to take different more “real, smoothed” forms so as to deceive more easily. However, they are still easily identifiable

Credit scams are similar, and very often, with a few details, the proposals are the same: very high loan amounts, a very low interest rate (generally between 1 and 2%), a repayment period very long, little or no supporting documents required ...

In the vast majority of cases, crooks pose as ordinary individuals, Robin Hoods of credit, but it is too good to be true. Let's be honest, what individual today would be interested in offering strangers a loan of up to € 1 million overnight at almost zero interest? And without asking for guarantees ...




How to spot them?



The scam very often appears in the form of a message, a comment on a social network or an email.

The crook will take advantage of the delicate financial situation of his prey so as not to make any effort on spelling. His posts are usually riddled with gross mistakes.

He will often write a testimonial selling the deception services and will systematically provide a non-professional email address, such as Hotmail, Gmx, or Msn (non-exhaustive list).

If you see a message of this type in a comment on a forum, on Facebook… beware, scam!



The next step will be to ask you for funds by check, paypal or money order… BEFORE you have even paid the amount of credit requested. He will pretend that it is to cover the costs of files, insurance, legislation or that it is an advance on the first monthly payments.

As a reminder, according to French law "no payment may be required from an individual before obtaining one or more loans of money" (art L 321-2 of the Consumer Code). Once the funds have been paid by the victim, the latter has no further news.


Be careful of several points when you come across this type of message :

- The many spelling mistakes

- An approved establishment will never advertise in a Facebook comment or in a hidden message

- A private email address systematically provided

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