New advance-fee loan scam stealing thousands, targets Florida man » Scammer News

 New advance-fee loan scam stealing thousands, targets Florida man » Scammer News

CAPE CORAL, Fla. — A loan company’s promises to help relieve financial strain has turned into a complete nightmare for thousands of people across the country.

“It said it’s FDIC insured, better business bureau accredited, and the loan terms were really good with low rates and low payments,” said Justin Drew, a Florida resident that spoke to Fox Four on the phone.

Drew said he was looking for help on some bills when he turned to Ecapitalloans to get out of a jam.

He says the loan company’s website caught his attention, so he filled out an application online, and it wasn’t long before he received confirmation that his loan was approved.

Drew gave Fox 4 a copy of his 8-page loan agreement that he says was a bunch of phony documents.

The papers contain information about safety, security, and data protection, but also asked for several personal details.

“Drivers license, social security number, bank information,”…

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