Yesterday, I experienced a wave of scam attempts firsthand. Someone entered my email and phone number into multiple loan websites, and within 10 minutes, I received over 20 calls, texts, and emails congratulating me on my “approved loan”—one I never applied for. When I told the callers I hadn’t applied, they asked for my birthday and Social Security number, hoping to complete their scam. Thankfully, I didn’t provide any information, but it was a stark reminder of how easily scammers can target people.
If this happens to you, here are three essential tips to avoid falling victim to these scams.
1. Never Share Personal Information Over the Phone
Legitimate lenders will never cold-call you and ask for your Social Security number or date of birth to “verify” an application. If you receive an unexpected call about a loan you never applied for, hang up immediately. Do not confirm any personal details.
2. Block and Report Suspicious Numbers
If you receive multiple scam calls or texts, block the numbers immediately. You can also report them to the Federal Trade Commission (FTC) or use services like Nomorobo or Hiya to filter out potential spam calls.
3. Monitor Your Credit and Freeze It If Necessary
If scammers have your phone number and email, they may try to apply for loans in your name. Check your credit report regularly for suspicious activity. You can also freeze your credit through Equifax, Experian, and TransUnion to prevent unauthorized accounts from being opened.
Stay Vigilant and Protect Yourself
Scammers are constantly evolving their tactics, but staying informed and cautious can help protect your identity. If you receive similar fraudulent calls, remember: do not engage, do not share personal details, and report suspicious activity immediately.
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