WASHINGTON, D.C., — Getting a voicemail from an unknown caller about a $52,000 loan you didn’t apply for can be unsettling. That is exactly what scammers are counting on. They hope recipients will respond before thinking it through, and in many cases, repeated calls are part of their strategy. One common tactic involves calls claiming the recipient is “prequalified” for a loan. In reality, they are not. Scammers often ask for sensitive information, including Social Security numbers, bank account details, or birth dates, claiming the application is nearly finished. They may use pressure tactics with phrases like “I hope you don’t miss out” or “no pressure,” and sometimes offer to remove the recipient from their list if they call back. These calls can come multiple times a day from different numbers, attempting to wear down potential victims.
Authorities say the safest response is not to answer or return the call. Caller ID cannot always be trusted because scammers can spoof numbers and names to make the call appear local or from legitimate organizations. Blocking suspicious numbers is recommended, and many phones and service providers offer tools to help stop unwanted calls. Consumers who receive these calls are encouraged to report them to the Federal Trade Commission at ReportFraud.ftc.gov, including any numbers listed on the caller ID or provided in the message. Experts stress that awareness and caution are critical. “Scammers rely on fear and urgency to get people to respond,” said an FTC spokesperson. “Taking a moment to think before responding, and verifying any loan offer through official channels, can prevent a victim from sharing personal information with criminals.” The FTC reminds consumers that no legitimate lender will call unexpectedly and demand sensitive information over the phone. Remaining vigilant, using call-blocking tools, and reporting suspicious calls helps protect personal information and reduces the effectiveness of these scams.
