After answering an add in their local paper for a loan from Capital Group, the Wisconsin couple were instructed to send the a $2,500 processing fee. Then instead of processing the loan, the couple was instructed to send $3,000 more. At this point the couple got suspicious and figured out that the phone number in the add did not belong to Capital Group.
Apparently the scammer used a real Capital Group ad, however he/she altered the phone number. A warning from loan experts: you will not be asked to send payments for a loan; these fees will normally be deducted from the loan. ■
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