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'They're despicable': Consumers warned of unlawful advance-fee loans during pandemic

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Terms such as 'credit protection' disguise charges that aren’t legal, Better Business Bureau says

On the web money fraudsters are ramping up a scam that is old luring struggling Canadians in the COVID-19 period with bogus loans that lead to more monetary woes, CBC Information has discovered.

"Scammers are benefiting from the pandemic simply because they understand that lots of Canadians right now — as well as in the months and months from now — are getting to be strapped for money," stated Jessie St-Cyr, a news relations officer for the Better Business Bureau of eastern and north Ontario plus the Outaouais. "they're going to be to locate loans."