Have you been getting spam calls from “Emily” at the approval department of Freedom Lending Services, asking you to call back at 877-941-1150 about a loan application? Be cautious—it’s a scam.
Fraudsters are pretending to be from Freedom Lending, a legitimate U.S. company offering loans and mortgages. This scam has already been reported by many people, and Freedom Lending has issued a warning on their official website.
How Freedom Lending Services Scam Works
The scam works by calling people about a loan application and asking them to call back. The fraudsters then promise a large loan, like $70,000, at a low-interest rate. If someone shows interest, they are asked to pay a processing fee to speed up the loan approval.
However, after paying, they are asked for more money, but they never receive the loan. This is a typical Advance Fee Scam.
How To Stop Freedom Lending Services Spam Calls
To stop unsolicited calls, block the numbers used by downloading a call-blocking app. This app filters and intercepts likely scam calls before they reach you. To get a call-blocking app:
- Visit your phone’s app store (iOS, Android, etc.).
- Check ratings and reviews for different apps.
- Download and install the app.
- Block the unwanted numbers: 689-222-2549, 719-408-2237, 888-531-6256.
Protection Yourself from Loan Scams
To protect yourself from loan scams:
- Verify the lender: Make sure they’re allowed to operate in your area and follow the rules.
- Read carefully: Understand the loan terms, like interest rates and fees. Ask questions if anything is unclear.
- Avoid upfront fees: Real lenders won’t ask for money before your loan is approved. Be cautious if they do.
- Check online reviews: Look up the lender to see if they’re trustworthy.
- Heed warnings: If others say the lender might be a scam, take it seriously and consider other options.
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