Borrow money – USA Prime Loans http://usaprimeloans.com/ Fri, 29 Apr 2022 10:19:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://usaprimeloans.com/wp-content/uploads/2021/10/icon-10-120x120.png Borrow money – USA Prime Loans http://usaprimeloans.com/ 32 32 The cheapest way to borrow money if you’re struggling and need extra money https://usaprimeloans.com/the-cheapest-way-to-borrow-money-if-youre-struggling-and-need-extra-money/ Fri, 29 Apr 2022 10:19:00 +0000 https://usaprimeloans.com/the-cheapest-way-to-borrow-money-if-youre-struggling-and-need-extra-money/ If you’re having trouble and need extra money, we’ll explain the cheapest way to borrow money. A word of warning – only consider borrowing money if you really need it. 1 With budgets tighter than ever, we take a look at how to borrow cheaplyCredit: Getty For example, if your car breaks down or your […]]]>

If you’re having trouble and need extra money, we’ll explain the cheapest way to borrow money.

A word of warning – only consider borrowing money if you really need it.

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With budgets tighter than ever, we take a look at how to borrow cheaplyCredit: Getty

For example, if your car breaks down or your washing machine breaks down.

If you’re considering borrowing money to pay for a vacation or a new purchase like a sofa, ask yourself if you could wait and save some money first.

If you borrow money, always consider how you will pay it back. Look at the monthly repayment and add it to your budget.

Make sure you’re happy with the total interest you’ll pay once the debt is paid off.

The cheapest way to borrow money will depend on your particular situation.

For example, how much you need and for how long. Your credit rating will also affect your chances of being accepted and the interest rate you will get.

With a good score, you can get better interest rates and borrow more money, but if you had bad credit, you might find yourself unable to borrow money.

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The cheapest way to borrow money short term is to ask friends and family if they can lend you money.

If you can do this, then you should agree how much you will borrow and when you can pay it back.

Below we look at some options for borrowing cheaply.

First, you need to check if you owe money or if you can apply for a free grant.

Check your benefits

At least seven million people are losing more than £15billion in unclaimed benefits, according to charity Turn2us.

The average amount people claim per year is £5,320, according to the anti-poverty charity – meaning you could be missing out on thousands of pounds.

Almost a million families are missing out on £2.9bn of Universal Credit, while 745,000 are missing out on £3.3bn in untapped Housing Benefit claims.

To check if you are eligible for benefits, you can use Turn2Us’ new online benefit calculatorwhich will take you 10 minutes.

You will need bank statements and information about your housing costs at hand to use the tool.

Social assistance allowances

Families in need can apply for free money and grants for furniture, bills and food of up to £1,000 under the welfare scheme.

You can apply for these grants through your local council – and they are available for low-income people who have experienced financial hardship or those who have faced a crisis.

You can get up to £1,000 in some areas – but some councils don’t even have a scheme for families to apply for.

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Household Support Fund Grants

If you don’t have enough money to pay for essential household items, you might want to check with your local council.

How much you can get is determined on a case-by-case basis – meaning your local council will decide how much to give you.

Universal Credit emergency loan or advance

If you have Universal Credit, you may be able to get a budget advance to help pay for emergency costs such as a new stove or travel to work.

This is a loan, so you will pay it back through your universal credit payments. Your payments will decrease as you repay.

The smallest amount you can borrow is £100 and the maximum is £348 if you are single, £464 if you are in a relationship and £812 if you have children.

Cheap credit card

First you need to think about the usefulness of the card. If it’s a purchase, you should look for a 0% credit card.

If you want to pay off debt, a 0% balance transfer card will be the best solution, although you will have to pay a fee to transfer your money to the card.

You will have a set amount of time to pay off the debt. For example, the longest balance transfer is currently 34 months.

Only those with the highest scores will get the best cards and rates. Use an eligibility checker to find out which cards you’re likely to be accepted for, without leaving a trace on your credit report.

Cheap personal loans

Personal loans are generally best for larger purchases or if you need to consolidate debt and pay it off.

If you have a good credit score, you’ll get a better rate and pay less interest.

You agree to repay the amount over a fixed period of time in fixed monthly installments.

Use a comparison site like MoneySupermarket or GoCompare to compare rates.

Use a eligibility checker like MoneySavingExpert to find out what loans you could be accepted for, without hurting your credit score.

credit unions

Credit unions are grassroots organizations where members pool their savings to lend to each other.

This often allows them to offer low cost products and it is hoped that the sector can provide an alternative source of funding to high cost banks and payday lenders.

They can offer a range of savings accounts, checking accounts and loans to their members. You have the flexibility to save as much as you want, when you want.

You usually have to pay a fee to sign up, but they offer competitive pricing.

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Did you know? Amitabh Bachchan had to borrow money from his staff to put food on the table during his tough days? https://usaprimeloans.com/did-you-know-amitabh-bachchan-had-to-borrow-money-from-his-staff-to-put-food-on-the-table-during-his-tough-days/ Wed, 27 Apr 2022 16:55:08 +0000 https://usaprimeloans.com/did-you-know-amitabh-bachchan-had-to-borrow-money-from-his-staff-to-put-food-on-the-table-during-his-tough-days/ When Amitabh Bachchan was in a financial crisis and had to borrow money from his staff (Photo Credit – Amitabh Bachchan / Instagram) Amitabh Bachchan is one of the most iconic actors in the Indian film industry. The actor in office for several decades has become a global icon. But did you know that there […]]]>
When Amitabh Bachchan was in a financial crisis and had to borrow money from his staff (Photo Credit – Amitabh Bachchan / Instagram)

Amitabh Bachchan is one of the most iconic actors in the Indian film industry. The actor in office for several decades has become a global icon. But did you know that there were times when the actor also had his nasty downfalls? Read on to find out!

Speaking of the same, did you know that the Don (1978) actor once had a huge financial crisis and had no way to support his family? Otherwise, you’ll find everything you need to know below.

Well, it was during an interview, when Amitabh Bachchan’s son, Abhishek Bachchan, talked about his family’s difficult times while studying in the United States. The actor claimed he quit his acting class halfway through so he could come back and support his father at the time. Abhishek opened up on The Ranveer Show podcast saying, “My family was going through a tough financial time. And I just felt that as a son, even though I might not be qualified at the time, I needed to be with my dad. Even for moral support. He’s a big guy on moral support. He likes to know his family.

Continuing on the same Abhishek Bachchan also explained, “I can’t be sitting here in Boston when my dad doesn’t know how he’s going to have dinner. And that was how bad it was. And he said it publicly. He had to borrow money from his staff to put food on the table. I just felt morally obligated to be with him. I called him and I was like ‘You know dad, I think I want to quit college halfway through and come back and just be with you, try to help you in any way. At least you will know that your boy is next to you and there for you.

Coming back to the present, Amitabh Bachchan is still golden on the big screens giving hit projects as he gets them. The actor starred in the film Jhund directed by Nagraj Manjule and released on March 4, 2022. He will now appear alongside Ajay Devgn in his highly anticipated film Runway 34.

For more amazing updates, be sure to follow Koimoi!

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Need to borrow money from a friend or family member? How to broach the subject https://usaprimeloans.com/need-to-borrow-money-from-a-friend-or-family-member-how-to-broach-the-subject/ Mon, 25 Apr 2022 07:00:00 +0000 https://usaprimeloans.com/need-to-borrow-money-from-a-friend-or-family-member-how-to-broach-the-subject/ GaudiLab / Shutterstock.com You are short of money, so you’re thinking of asking a friend or family member for a loan. Whether you need a small amount to get you through until payday or a larger sum for a major life event – i.e. seed capital to start a business – you don’t know how […]]]>

GaudiLab / Shutterstock.com

You are short of money, so you’re thinking of asking a friend or family member for a loan. Whether you need a small amount to get you through until payday or a larger sum for a major life event – i.e. seed capital to start a business – you don’t know how to structure the request.

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There is a common school of thought that mixing loved ones and money just doesn’t work. Of course, not everyone shares this mindset, so be careful to make sure you don’t inadvertently tarnish your relationship with the other person.

Jodi RR Smith, president of Mannersmith Etiquette Consulting, said borrowing money is rarely easy, especially when you ask friends or family for the loan.

“It’s not an easy topic to talk about or discuss,” she said. “When you find yourself in need, take some time to strategize before formally asking.”

Here are some tips on how to apply to borrow money.

She said it’s important to start with a self-assessment, so you can start with a plan. For example, think about why you need the money, if you disclose the reason for the loan, the amount you need, and your repayment strategy.

When you have your plan together, Smith said your application should be as professional as possible.

“Let the person know you have something serious to discuss and schedule a specific time to talk,” she said. “Surprising the person in the middle of a party or family reunion doesn’t bode well for any future confidence.”

Don’t expect an immediate response, as Smith said most people will need time to review your request. Instead, she said to just ask when they expect to make a decision, thank them for listening, and give them time to think.

“If this conversation is confidential, call them back and take your leave,” she said.

It’s very possible that your request will be denied, as Smith said not everyone is comfortable lending money. She also noted that the person’s financial situation might not really reflect what you see on the surface.

“Some people present themselves as having a lot, but are actually in debt themselves,” she said. “And others who simply live with big bank accounts.”

If the person decides not to lend you the money, Smith says they don’t owe you an explanation. However, it is also possible that your loan application will be accepted.

Lisa Grotts, an etiquette expert known as the “Golden Rules Gal,” said a payment plan should always be in place in this situation.

“Put it in writing with a deadline,” she said. “That would happen at a bank, so a loan from a friend or family member is no different.”

She said it’s also important to set some ground rules, so things don’t get awkward.

“A lot of people need loans in the age of Covid, when so many businesses have been shut down,” Grotts said. “Requests can range from keeping their business afloat to helping with a mortgage payment.”

No matter why you need the loan, she noted that time will be your enemy if you don’t follow the established repayment plan and ignore their demands to meet your end of the bargain.

“The longer it remains unpaid, the less positive the turnout will be,” she said.

Therefore, it’s important to create a repayment plan together that you can realistically adhere to. Strive to be on time with your payments, but be honest if you know you’re going to miss a deadline.

It’s better to let the person know ahead of time that a financial setback will result in a late payment than to have them believe you’re trying to avoid returning their money.

Ultimately, borrowing money from loved ones can be a tricky subject, so do whatever you can to lessen the embarrassment. If they refuse your request, politely thank them for their time, and if they grant you the loan, don’t make them regret doing it.

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This article originally appeared on GOBankingRates.com: Need to borrow money from a friend or family member? How to broach the subject

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RTU will borrow money for the game against Elmina Sharks https://usaprimeloans.com/rtu-will-borrow-money-for-the-game-against-elmina-sharks/ Fri, 22 Apr 2022 13:29:30 +0000 https://usaprimeloans.com/rtu-will-borrow-money-for-the-game-against-elmina-sharks/ Real Tamale United PRO Sey Mubarick has reported that the club’s dire financial situation has left them with no choice but to seek loans, with plots of land as collateral to honor league games. Head coach, Shaibu Tanko, after the team’s 4-0 loss to AshantiGold in March, revealed that financial depression had hit the club. […]]]>

Real Tamale United PRO Sey Mubarick has reported that the club’s dire financial situation has left them with no choice but to seek loans, with plots of land as collateral to honor league games.

Head coach, Shaibu Tanko, after the team’s 4-0 loss to AshantiGold in March, revealed that financial depression had hit the club.

Despite the grim situation, RTU picked up a 2-1 win at home to league leaders Kotoko but now faces the possibility of losing their away game to Elmina Sharks due to lack of funds. for traveling.

RTU are playing in Ghana’s top flight for the first time after an eight-year absence and are already in a relegation battle. This means that losing the match against the Sharks will stifle their chances of survival if fellow wrestlers WAFA manage to beat Kotoko at home.

With this possibility in mind, Mubarick indicated that the club will explore all avenues, including sacrificing plots of land to raise funds, in order to make the meeting with the Sharks possible.

“We can’t say we won’t honor this game so whatever means the management will do to get the team to Elmina for this game we will and if that means we have to use our plots of land as a guarantee, we will certainly do so.

“When we were going to Tarkwa, our CEO had to use his plots of land as collateral to borrow money for RTU. So we will look inside, if any member of management has similar issues, we could use the same as collateral to borrow again for the club. RTU, at the moment, does not operate on a budget, we only depend on donations and philanthropic gestures from game stakeholders,” Mubarick told JoySports.

He also revealed that the club should receive certain sums of money to support his administration.

“We are waiting for money to come from somewhere to settle all this,” Mubarick revealed in an interview.

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How to Borrow Money When You Have Bad Credit in Texas https://usaprimeloans.com/how-to-borrow-money-when-you-have-bad-credit-in-texas/ Sun, 17 Apr 2022 00:01:50 +0000 https://usaprimeloans.com/how-to-borrow-money-when-you-have-bad-credit-in-texas/ They say everything is bigger in Texas, but that’s not the case when it comes to credit scores. The average VantageScore credit score in the Lone Star State is 680. This score is one of the lowest in the nation, placing the average Texan a full 15 points behind the national average. According to VantageScore’s […]]]>


They say everything is bigger in Texas, but that’s not the case when it comes to credit scores. The average VantageScore credit score in the Lone Star State is 680. This score is one of the lowest in the nation, placing the average Texan a full 15 points behind the national average.

According to VantageScore’s scoring system, 680 is not a bad score. In fact, it’s at the lower end of good credit, so most people will be able to take out a conventional personal loan.

However, VantageScore analyzed a wide range of scores to find an average – many of them well below 680. For borrowers with poor credit, finding a loan becomes much more difficult.

What is bad credit?

According to the VantageScore system, subprime credit ranges between 300 and 670. Poor credit in particular falls from 300 to 580.

You only get this kind of score if you’ve had problems with previous personal loans or lines of credit. This means you’ve paid late bills, left overdue accounts, and carried over a large balance without paying it promptly.

Altogether, this type of score suggests that you might encounter these problems again for future lenders. Some of the largest banks and online direct lenders in Texas consider this risk to be too high to lend you money.

Others simply limit how you borrow to mitigate their risk, such as online direct lenders who raise their prices and shorten their terms.

Does bad credit always lead to a payday loan in Texas?

When you’re in a tough spot, a payday cash advance may seem like your only option. Online payday loan direct lenders make it easy to apply for and qualify for their loans, eliminating much of the bureaucracy that would trip you up with a conventional personal loan.

However, the average payday loan in Texas comes with an APR as high as 664%. This is all due for your next payday, which can be difficult if you’ve been through a rough patch.

If you don’t have enough money available on your paycheck to cover your entire loan, you could face late fines and additional interest charges.

Although a payday loan can be an emergency option, it should only be used when you are sure you can juggle a high cost and a short turnaround time.

Installment loans give you more time

Unfortunately, a higher APR is a consequence of bad credit. However, you are not always obligated to repay what you owe in one payment. A financial institution such as MoneyKey offers longer term emergency loans.

If you are eligible for Texas loan options through MoneyKey, you will have more time to settle your loan repayments. This is because they are online loans with monthly payments, dividing what you owe into smaller installments.

Individual installments will be less than what you borrow, so you don’t have to use as much of your paycheck. This style of payment might make it easier for you to juggle your responsibilities without dropping the ball.

Even the best Texas installment loans come with interest rates and finance charges. It is the cost of a loan. And when you have bad credit, you’ll probably pay more than someone with bad credit. super score.

Always check that you can manage these fees before accepting money. This is the best way to ensure you find a loan that suits your emergency and your finances.

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Scorpio to Capricorn: 4 Zodiac Signs Who Borrow Money and Never Return It https://usaprimeloans.com/scorpio-to-capricorn-4-zodiac-signs-who-borrow-money-and-never-return-it/ Wed, 13 Apr 2022 07:21:02 +0000 https://usaprimeloans.com/scorpio-to-capricorn-4-zodiac-signs-who-borrow-money-and-never-return-it/ As friends, you will often find that you lend money to help a friend in need. While they may all promise to pay you back ASAP, only some would be quick to honor those financial commitments and quickly pay off the debt. The others would run to the end of the world just to avoid […]]]>

As friends, you will often find that you lend money to help a friend in need. While they may all promise to pay you back ASAP, only some would be quick to honor those financial commitments and quickly pay off the debt. The others would run to the end of the world just to avoid paying you back the money you lent them. Take a look at the zodiac signs that tend to borrow money and never return it.

Leo

Leos are very dependent on their friends and like to have tax advantages from their friends. This may mean that they often borrow with the promise to return your money. But chances are you’ll never see a penny of it again. If you’re friends with a Leo, be sure to offer them your friendship, but tighten your purse strings if they come asking for a loan!

Capricorn

Capricorns lead carefree lives and are daredevils when it comes to money. They will have no qualms about borrowing money if they need it. But they take risks with money and do it without much thought, which means they could in all possibility lose the money so they can’t give it back if you demand a refund.

Sagittarius

Sagittarians are pure-hearted souls who would never want to harm you. However, they lack foresight and prudence when it comes to money. They often accidentally forget the debts they have accumulated. So, although you can lend them some money, you may never see it again because they may have already forgotten about it!

saggi zodiac sign

Scorpio

Scorpio is a sign that is naturally selfish and often sees its own needs before considering the problems of others. Maybe that’s why they feel entitled to borrow large sums from relatives and best friends. The only problem is that returning the money is not a priority for Scorpio. They prefer to avoid phone calls from the friend if they hope to be reimbursed.

Disclaimer: Although these attributes are generic, they are primarily focused on your zodiac qualities; not all of the above traits are necessarily true for you.

Also Read: From Aquarius to Sagittarius: 4 Zodiac Signs Who Are Dating Just to Advance Their Careers

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More than half of Asda workers forced to borrow money to make ends meet https://usaprimeloans.com/more-than-half-of-asda-workers-forced-to-borrow-money-to-make-ends-meet/ Mon, 11 Apr 2022 09:13:53 +0000 https://usaprimeloans.com/more-than-half-of-asda-workers-forced-to-borrow-money-to-make-ends-meet/ More than half of Asda workers have been forced to use payday lenders, food banks or borrow money from family and friends in the past 12 months, GMB can reveal. A survey of 2,000 female workers at the predominantly female supermarket giant shows that just 4% of workers say they will be able to afford […]]]>

More than half of Asda workers have been forced to use payday lenders, food banks or borrow money from family and friends in the past 12 months, GMB can reveal.

A survey of 2,000 female workers at the predominantly female supermarket giant shows that just 4% of workers say they will be able to afford higher energy costs when the price cap rises.

Asda pays retail workers – 65% women – below the average for large supermarkets, with workers at Tesco, Lidl and Aldi all receiving more money per hour.

The GMB survey shows:

  • 70% (1436/2018) say the cost of living crisis is having a negative effect on their mental health
  • More than half had to borrow money from family and friends in the past year
  • More than one in ten (12%) have used a payday lender in the past year
  • And 8% used a food bank

Asda’s big four rivals, Tesco and Sainsburys, both raised the pay of retail staff last week, adding to pressure on the supermarket giant to raise pay.

Asda and GMB are currently locked in a long-running equal pay claim on behalf of 40,000 Asda workers over whether the shop’s predominantly female workforce deserves equal pay to those of the distribution center.

Asda removed hot food from retail workplace canteens in 2016. GMB is calling for this to return, especially now to help staff cope with the cost of living crisis.

GMB Country Officer Nadine Houghton said:

“No one should have to take bread when they work. Asda needs to raise its salary to stop this now.

“We have spoken to our members and they are clear – they are forced to borrow money and have a negative impact on their mental health because their salary is so low.

“Asda now has the dubious honor of being the lowest paid major supermarket. Its staff deserve better.

“Asda needs to engage with us and agree a real pay rise for their staff. They can end that stress for key workers who have kept the shelves stacked thanks to COVID and maintain their profit margins.

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Buhari writes to NASS and asks for permission to borrow money to fund 2022 budget https://usaprimeloans.com/buhari-writes-to-nass-and-asks-for-permission-to-borrow-money-to-fund-2022-budget/ Fri, 08 Apr 2022 13:38:52 +0000 https://usaprimeloans.com/buhari-writes-to-nass-and-asks-for-permission-to-borrow-money-to-fund-2022-budget/ President Muhammadu Buhari President Muhammadu Buhari has written to the House of Representatives asking for an increase in the 2022 budget deficit to be financed by borrowing from the domestic market. According to the News Agency of Nigeria (NAN), Buhari said this in a letter read by President Femi Gbajabiamila during Thursday’s plenary. The President […]]]>
President Muhammadu Buhari

President Muhammadu Buhari has written to the House of Representatives asking for an increase in the 2022 budget deficit to be financed by borrowing from the domestic market.

According to the News Agency of Nigeria (NAN), Buhari said this in a letter read by President Femi Gbajabiamila during Thursday’s plenary.

The President also requested the revision of the medium-term expenditure framework (MTEF) 2022 on which the budget was articulated.

“As you know, Mr. President, the new developments in both the global economy and the national economy have necessitated the revision of the 2022 budget framework on which the 2022 budget was based.

“The total budget deficit is expected to decline from N965.42 trillion to N7.35 trillion, which is 3.99% of GDP.

“The increase in the deficit will be financed by further borrowing on the domestic market.

“Given the urgency of the request for revision of the 2022 budget framework and modification of the 2022 budget, I seek the cooperation of the National Assembly for prompt action on this request,” he said.

The speaker then referred the letter to the House Finance Committee for legislative action.

(NOPE)

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Derbyshire non-profit bank helps poorer people borrow money https://usaprimeloans.com/derbyshire-non-profit-bank-helps-poorer-people-borrow-money/ Sat, 02 Apr 2022 16:27:24 +0000 https://usaprimeloans.com/derbyshire-non-profit-bank-helps-poorer-people-borrow-money/ A community bank which helps people in Chesterfield and North East Derbyshire manage their finances has outlined its plans to provide continued support for years to come. Chesterfield and North East Derbyshire Credit Union Ltd’s (CNEDCU) business plan outlines its projected financial position to September 2024. The union, which is a non-profit organization set up […]]]>

A community bank which helps people in Chesterfield and North East Derbyshire manage their finances has outlined its plans to provide continued support for years to come.

Chesterfield and North East Derbyshire Credit Union Ltd’s (CNEDCU) business plan outlines its projected financial position to September 2024.

The union, which is a non-profit organization set up to provide affordable banking services such as the Family Loan Scheme, Christmas Club and Payroll Deduction Scheme, had 4,748 members on its books in September last year with shares totaling £684,753.

Read more money stories

In the 2022/23 financial year, the union expects income of £219,050 taking into account loan and grant interest, and expenditure of £219,000, which covers staff, premises costs and fees professionals – leaving an excess of £50.

In 2023/24 the union expects an income of £223,100 with expenditure of £221,750 and a surplus of £1,350. As of September 2021, 1,221 loans were outstanding with CNEDCU totaling £528,858, while its Junior Savers Scheme had a total of 1,092 young members with savings of £59,501.

A report explaining the union’s current position stated: “The youth savers scheme remains one of the largest in the country and is supported by a grant from local authorities. The board believes that the lessons learned by savers and, in some cases, their parents deserve continued support, even if in the short term it will put the credit union in deficit.

The report added, however, that it would be a low-risk move while other revenue streams were developed. The business plan said the targets set were “realistic and achievable”, but acknowledged the challenges it faced due to the current economic climate and the lasting effects of the Covid-19 pandemic.

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QuickCheck: Do scammers pose as VIPs to “borrow money” from people? https://usaprimeloans.com/quickcheck-do-scammers-pose-as-vips-to-borrow-money-from-people/ Thu, 24 Mar 2022 10:28:00 +0000 https://usaprimeloans.com/quickcheck-do-scammers-pose-as-vips-to-borrow-money-from-people/ Lately, friends, family and associates of VIPs have been rumored to be targeted by scammers impersonating them via apps like Telegram and WhatsApp. Are these statements true? VERDICT: TRUE In a statement released Thursday, March 24, the Director of the Commercial Crime Investigation Department (CCID) of Bukit Aman, Comm Datuk Mohd Kamarudin Md Din said […]]]>

Lately, friends, family and associates of VIPs have been rumored to be targeted by scammers impersonating them via apps like Telegram and WhatsApp.

Are these statements true?

VERDICT:

TRUE

In a statement released Thursday, March 24, the Director of the Commercial Crime Investigation Department (CCID) of Bukit Aman, Comm Datuk Mohd Kamarudin Md Din said that this is indeed happening.

He added that the modus operandi of scammers is to seek financial assistance from friends of victims listed on apps such as WhatsApp or Telegram and said politicians and senior government officials are among the VIPs who are the main targets.

Comm Mohd Kamarudin went on to say that 1,710 cases have been reported involving losses of RM11.47 million between 2020 and February this year.

“For this year, 109 cases have already been reported, resulting in losses of RM 478,016,” he said.

Comm Mohd Kamarudin added that most of the victims realized their email accounts had been hacked when those on their friends list informed them that they had received a message asking them to borrow money.

“Smartphone users are advised to be more cautious if they receive a message from strangers asking for their passwords for their messaging apps.

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