Woman seeking a small loan for school ends up losing $1,800 to a fake lender

Woman seeking a small loan for school ends up losing $1,800 to a fake lender

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Social Studies, Business

University

Hard

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Rebecca Hensley was scammed while seeking a loan for school expenses. She received a fraudulent text from someone posing as Advance America, offering her $1800 but requesting her bank login details. Despite initial suspicion, she complied due to stress and urgency. The scammers drained her account, leaving her $1800 in debt. Her bank later replaced the funds, acknowledging service improvement areas. Advance America warns against such scams, emphasizing that legitimate lenders don't require upfront payments or approve loans without applications.

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3 mins • 1 pt

What new insight or understanding did you gain from this video?

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