Ignore unexpected calls about loans you didn’t apply for

A voicemail from an unknown caller reminding you about a $52,000 loan that you didn’t apply for can throw you off balance. Which explains why scammers send them — hoping you’ll respond first and think later. You might already know how to spot phone scams, but in case you need a refresher, here’s how to spot this one.

Some phone scams start with an unexpected call saying you’re “prequalified” for a loan. (You’re not.) The caller wants you to give them personal information like your Social Security or bank account numbers or birth date over the phone. They might say the application is almost finished and just needs a few more details from you. (Not true.) Or say things like “I hope you don’t miss out” or “no pressure.” (Those are pressure tactics.) In a voicemail, the caller might offer to take you off the call list…if you them call back. (Another pressure tactic.)

Scammers often make these seemingly urgent calls multiple times a day from different numbers to try and wear you down. But don’t respond — not even to “opt out.” If you’re getting calls like these on your cell phone:

• Never call back. If you do, it could lead to more scam calls.
• Don’t trust caller ID. Scammers use fake or “spoofed” names and numbers to make calls look local, like real companies, or like the government.
• Block the number. Check your phone’s settings, online app store, and your phone provider’s website to find out what call-blocking or call-labeling services are available to stop unwanted scam calls before they reach you. If any calls get through, they’ll show up as “spam” or “scam likely” on your phone screen.

Report unwanted calls to the FTC at ReportFraud.ftc.gov. Be sure to include the number on your caller ID and any number you’re told to call back.

Watch this video on how to stop calls on your cell phone