Can you spot a fake loan text scam?
March 10, 2026
The FTC warns consumers about scams and fraud. This page summarizes the official alert and links to reporting steps.
Summary (FTC)
Consumer Alert Can you spot a fake loan text scam? BCP Staff January 20, 2026 You get a text message, supposedly following up on a $10,000 loan application. Only, you never applied for a loan. Is this pure luck or a scam? Before you use the callback number in the message to
Source: Federal Trade Commission
How to report this type of fraud
- File a report with the FTC at reportfraud.ftc.gov — this creates an official record and helps enforcement.
- Complain to the CFPB at consumerfinance.gov/complaint for financial products and services.
- Contact your state attorney general for state-level fraud and consumer protection.
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