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Scams - Grant and Loan Scams


Number of Customer Reviews for Grant and Loan Scams: 0

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You can come across numerous info commercials and advertisements about various government grants and loans. These advertisements and info commercials propagate these loans as very easy to apply and get. These are nothing but Grant and Loan scams. It is no joke to receive a government grant or loan, as you need to cross numerous hurdles before qualifying for such a loan. Normally, students or people venturing to start their own business try for such loans or grants.

In many cases, Grant and Loan Scams are so widespread and bogus that there may not be any such loan at all. People just advertise and earn money through the numerous subscribers paying in money to gather more information. These small amounts make out a huge sum for the swindler and he walks off with your money.

There is specifically a Canadian-based crime ring indulging in such frauds. They first offer you loans to start your small businesses. You need to send thousands of dollars to pay for insurance of your huge loan exclusively through Western Union. By such transfer, swindlers are able to collect your money and do not leave any proof of their identity or location. You remain groping in the dark, as you neither receive any promised loan nor get any refund of your money.

Most often, these scam companies use American company names to dupe you further. Numerous telemarketing companies also use deceptive company names like National Grant Center, Government Grant Information Guide, Federal Government Grant Processing Center, Consumer Grants USA, etc. These names make you feel that company is genuine and you are sure to receive your grant. Some others offer to get you sure grants if you are willing to pay fees of around $250-$300. Some companies send persons to pose as government officials. All these are sales tactics and most consumers gullibly fall into such traps.

This does not mean that there are no government grants or loans. There are few genuine loans or grants. Hence, it is best to visit nylovessmallbiz.com to get information about genuine government resources to develop or start with your business.


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