Do not respond to advertisements offering loans

Anonymous | 13 Aug 2023

Loan Scam
I came across an advertisement on Facebook pages called "Very Fast Loan." Intrigued, I requested a loan of $7000. An officer named Daphne handled my request and offered me a 7000SGD loan with terms totaling 340x24.

However, there was a catch. Before the loan could be released, I was required to pay a processing and lawyer fee of $3000. After transferring the money to Daphne, I lost contact with him.

Feeling quite disheartened and I would like to share my experience to warn others of such scams.