Callers Hit Up Eugene-Area Residents With Loan Scams

Jun 26, 2018

The Better Business Bureau is warning Eugene-area residents to watch for a scam loan operation. KLCC’s Brian Bull talks to a local man who was nearly bilked by the perpetrators.

Beware of giving out sensitive personal information over the phone, especially if you're uncertain as to the actual identity of the caller. You can always apply for a loan in person, over a secure and confirmed lender website, or even get the caller's phone number, verify it's legit, then call back.
Credit Brian Bull / KLCC

The target – whom we’ll refer to as “Sam” -- says he was called by a person claiming to be with First Community Financial. They offered a $2000 loan at a 10 percent interest rate for two years.

Sam was game.

“That’s awesome, let’s apply for it,” he recalls telling the caller.

Sam gave his personal information over the phone, including his address and social security number. 

“And then they say, ‘We can give you an increase on your loan for the cost of this insurance.’ And the insurance was going to be $2000.  And I’m like, ‘That’s a lot for insurance.’ And they said, ‘You have to either send a money order or get these Google Play Cards.’ That’s when I knew it wasn’t real.”

Sam ended the call, but realized he’d already shared lots of sensitive information. He called his bank and managed to avoid losing $2000 dollars to the scammers. He says he’ll either take a loan directly from a bank in person, or verify the phone number and return the call to ensure it’s legitimate.

Copyright 2018, KLCC.