Loan Shark Industries Capital Finance and Loan Companies

Police: Loan Scams Scammers are operating online loan companies and may offer applealing interest rates as low as three percent to lure victims, according to CTV. The fraudsters then ask them to pay an initial fee, ranging from a few hundred dollars to a few thousand, and sometimes also demand banking or personal information. Police say three frauds are topping the trending list right now; loan scams, online rental scams and immigration or CRA scams. Police say the offenders use 1-800 or 1-888 phone numbers and spoofing devices to mimic local area codes and often use the company names, 'Loan Shark Industries' or 'Capital Finance". Rental Scams Many people rent properties online and police are reminding Calgarians to be cautious when booking rental properties on the Internet. Police say in many cases the renter is asked to address the money to someone outside the country and through the process they can then become a victim of a scam. Renters are often asked to contact the owner of the property and provide a deposit, via money order, prior to seeing it. (www.immigrantscanada.com). As reported in the news.