You are told that you have been pre-approved to apply for a personal loan. The lender claims that in order to receive the full amount of the loan, you are required to make the first two payments as a sign of good faith. The lender asks you to load funds to your prepaid card and give them the card number, and that they will, in turn, apply the remainder of your loan to the same card number. However, the loan never comes through and the lender cannot be traced.
You receive a letter, email, or phone call claiming that you have been selected to receive a large grant from a company as part of a corporate grant program or assistance plan. Additionally, you receive a check for an amount between a few hundred to a few thousand dollars. The instructions mention that you are to give your prepaid card number to the source of the grant program and then deposit the check, which represents the commission you need to pay, to your prepaid card. It is further explained that after you deposit the check, the grant program will apply the remainder of your grant money to your prepaid card using the numbers you sent. However, the check is invalid (FAKE) but by the time you realize it, you have already revealed your card number and lost your money.
You receive a letter, email, or phone call from someone claiming to be a law enforcement officer, a government employee, or even a relative. They claim to need money for a cause or because they are injured or in jail and ask that you purchase a Vanilla Reload and give them the PIN. Remember to always verify the identity of the caller. Explain that you will call them back. Always treat your Vanilla Reload PIN like cash. Never give a PIN to anyone or for an account you do not control.
Visit USA.gov to learn about additional consumer scams.