According to the Federal Trade Commission’s recent alert, Scammers are increasingly using text messages to trick consumers into sharing personal or financial information by posing as legitimate
lenders. These messages often promise quick approval, low interest rates, or guaranteed loans, and may include links to fake websites designed to steal sensitive data. Once a victim clicks the link or provides information, scammers can use it to access bank accounts, commit identity theft, or demand upfront “processing fees” that never lead to a real loan.
To protect against these scams, it’s important to recognize the warning signs. Legitimate lenders will never ask for personal details, payment, or account access through text messages. Be cautious of unsolicited offers, grammatical errors, or urgent language that pressures immediate action. Always verify loan offers by contacting the financial institution directly using official contact information found on their website or statements.
MVSB is committed to helping customers stay safe from fraud. Our team can assist in verifying suspicious messages, securing accounts, and providing guidance on protecting personal information. If you receive a questionable text or believe you may have shared information with a scammer, please contact us immediately.
Explore our educational resources and account monitoring tools to help detect and prevent fraudulent activity before it causes harm.
