Be cautious of any personal loan offers you find online and avoid falling for what is known as the – “Advance Fee Loan Scam” fraud.

According to a slew of recent complaints, Assurance Financial Services has been offering these small personal loans on their website. But these loan offers are nothing more than a fraud scam. Consumers are asked to reveal their personal financial information and fork over close to $1,000 to cover supposed administrative costs for the loan by wiring fees to various individuals in Canada. Assurance Financial promises the loan will be deposited in the consumer’s bank account the following day, but it never comes.

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