Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
In the past few months a new telephone scam has surfaced. This time scammers are calling unsuspecting people at home and claiming that they are the Canadian Revenue Agency. These scammers will explain to you that you owe a significant amount of money in tax debt and that they have been sending you letters that you have not responded to. You will then be told that the CRA is going to put your account into collections and this maybe result in the seizure of your assets.
Since telephone calls from government agencies accusing you of having tax debt don’t happen that often you’ll probably be caught off guard and potentially believe the scammer on the other end of the phone call. This is what they want; they are relying on your confusion especially when they then explain to you that you can clear this whole misunderstanding up right away over the phone. The scammer will ask for your credit or debit card number and information so they can charge you for the amount you owe and clear up your debt.
Even if you’re skeptical and realize that maybe you need to ask a few more questions these scammers will provide you with the perfect answers. Should you ask for further identification to verify the legitimacy of these claims you will be provided with both an identification number and a phone number you can call. Once you’ve called the number that the scammer has given you and the identification number has been verified you’ll be transferred back to your original caller. The scammers are relying on you to be convinced of the authenticity of the scam after you’ve gone through the whole process
Obviously not all scams are created equally; some are more convincing than others. This one is in fact quite good and here’s why:
This scam has had a lot of thought put into it and that’s why it’s so convincing, this is also why it’s so extremely important that you remain skeptical of any and all phone calls from anyone who says you owe them any amount of money.
While these scammers might be convincing it’s important to note that the Canadian Revenue Agency or any government agency will never:
If you receive a call from these scammers you can try to get as much information from them as possible and then hang up. Or if you do not wish to speak with them at all, hang up right away. Do not under any circumstance provide these scammers with any personal information.
Once you hung up you can report this incident to Canadian Anti-Fraud Centre by visiting their website. Follow the instructions on the website if you wish to file a report.
Unfortunately there are new scams popping up every day, this can make it extremely difficult to arm yourself with all the information necessary to protect yourself from becoming the victim of a scam. As a general rule here are a few things you should always avoid or be aware of:
Finally, if you have already been the victim of an online or telephone scam and you are too embarrassed or scared to tell anyone you need to do so anyway. The sooner you get in contact with the authorities the greater the chance of a positive outcome for you.
Rating of 5/5 based on 5 votes.
Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Frank Mortgage is Canada’s one-stop shop for mortgages. Get up to $1,500 cash back on your mortgage.
Great unsecured credit card for customers currently in, or recently discharged from, a consumer proposal or bankruptcy
Earn an average 5%¹ cashback at thousands of partners and at least 0.5%² cashback guaranteed with Neo.
KOHO’s Credit Building Program helps you build a better credit history with easy to manage payments for just $10/month.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.
Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.