Protect Yourself from Advanced Fee Loans and Iowa Financial Fraud

When people are hurting financially, they often tend to be vulnerable with their finances. Con artists know this and know how to use deceptive wording to target people who are trying to stay afloat.

If you are financially hurting, unemployed, have overdue bills, or need to repair your credit, watch out for advance fee loans, cash loans, credit repair schemes and financial fraud in Iowa.

Advanced fee loans occur when a company says they will give you a loan but they require you to pay an upfront fee that can range anywhere from $50 to $500. Once you do this, you may never hear from that company or salesperson again. Sadly, you do not get a loan and you can't get a refund because you were defrauded.

These advanced fee scams occur at many fraudulent companies offering other services such as credit repair for an advanced fee. Although the bulk of companies offering loans and credit repair services may be genuine, there are a handful of unscrupulous companies that are "bad seeds" and will cheat you out of your money.

How to Protect Yourself from Financial Fraud in Iowa

Before paying any advanced fee for a loan or any other service, review all contracts and materials before signing anything. Also, perform thorough research on the company you are considering doing business with.
You can also contact the Better Business Bureau or the Iowa attorney general's office to find out if there are any complaints against the company you are questioning. If in doubt, walk away.

How a Cedar Rapids Financial Fraud Attorney Can Help You

If you were a victim of financial fraud in Iowa, you have rights. You may be able to pursue a lawsuit or claim against the fraudulent company or individual that cheated you out of your money. For more information about your rights, call the law firm of Brady Preston Gronlund today at (319) 866-9277 and speak with an experienced financial fraud attorney.