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Here is What the Craigslist Nigerian Loan Scam Looks Like From Start to Finish

Recently I was trolling Craigslist looking for credit offers that looked like obvious scams. There are so many that are just obviously pure scams. My dilemma became not in finding one, but picking one to focus on.

People fall for these “low doc” loan offers all the time. One reason is they are desperate for a loan and they seem to abandon all common sense when pursing the “incredible offer.” The other reason is they are too trusting when it comes to money issues. People still assume that approved offers are legit and that the lender would not approve you if you could not afford it. All incorrect assumptions.

Step 1- Rope the Sucker (consumer) In

In the first step of the process the scammer runs an ad and promises money is easily available to all borrowers and all the applicant has to do is fill out a short form by email. So I did.

Step 2 – Scammer Responds to Email from Consumer

HELLO,

HOW ARE YOU DOING TODAY AND YOUR FAMILY HOLP THEY ALL LIVING AT LARGE ? WE GIVE OUT LOANS FOR THE INTREST RATE OF 2% OKAY WE DONT USE CHECQUE DILIVERING SERVICE BECAUSE IT WILL COST YOU MUSH.

WE NORMALLY ADVICE OUR CLINT TO GO FOR BANK TO BANK TRANSFER BECAUSE IT IS SAFFER AND FASTER WITHIN 10-12 HRS THE MONEY WILL BE IN YOUR BANK ACCOUNT ONLY YOU ARE TO COME UP WITH YOUR BANKING INFORMATIONS INWHICH YOU ARE TO RECIEVE THE LOAN OKAY.

THIS IS THE THREE OPTIONS WE HAVE IN OUR COMPANY. SO YOU ARE TO CHOOSE ONE FROM THE THREE OPTIONS OKAY.

(1) WESTERN UNION MONEY TRANSFER
(2) BANK TO BANK TRANSFER
(3) CHECQUE DILIVERING SERVICE.

(1) IN WESTERN UNION MONEY TRANSFER, YOU ARE TO COME UP WITH YOUR BANKING FULL NAME, RECIVERSE NAME, YOUR COUNTRY, TEST QESTION AND ANWSER QESTION WHICH THIS TRANSFER WILL COST YOU $280.00 USD.

(2) BANK TO BANK TRANSFER, YOU ARE TO COME UP WITH YOUR BANKING INFORMATIONS. SO THAT WE WILL PAY THE MONEY INTO YOUR BANK ACCOUNT DIRRECT WITHOUT ANY FURTHER DELAY OKAY AND THIS TRANSFER WILL COST YOU $350.00 USD AND THE MONEY WILL BE REFLECTING IN YOUR BANK ACCOUNT WITHIN 12 HRS.

(3) CHECQUE DILIVERING SERVICE, YOU ARE TO COME UP WITH YOUR REAL NAME, HOUSE, STATE, YOUR STREET, COUNTRY, PHONE NUMBER, BECAUSE THIS IS THE TYPE OF TRANSACTION THAT TAKE MORETHAN 4-5 DAYS BEFORE YOU GETS YOUR LOAN OKAY AND IT WILL BE DIFFICULT FOR OUR POST MAN TO LIVE OUR COUNTRY TO YOUR COUNTRY TO FOUND YOU AND THIS TRANSACTION WILL COST YOU $830.00 USD.

YOU ARE SEEKING FOR $2,750.00 AND YOU PAYED $830.00 TO GET $2,750.00 HOW MUCH WILL NOW BE YOUR PROFIT?.

Loan Balance: $2,750.00
Adjusted Loan Balance: $2,750.00
Loan Interest Rate: 2.%
Loan Term: 2 years
Monthly Loan Payment: $90.99
Number of Payments: 19
Cumulative Payments: $2,505.66
Total Interest Paid: $47.66
Note: The monthly loan payment was calculated at 23 payments of $90.99 plus a final payment of $92.89.

WE AWAITE YOUR URGENT RESPONSE FOR WE TO KNOW WHICH OF THE OPTION WE ARE TO PROCEED WITH OKAY……….I NEED YOUR PHONE NUMBER.

THANKS AND REMAIN BLESS.
MERLIN LEO.

Step 3 – Here is the Heart of the Scam

In the email above the scammer revels the heart of the scam. It is nothing more than a classic up-front loan fee scam where a loan is promised but a fee must be paid in advance to get the loan.

(1) IN WESTERN UNION MONEY TRANSFER, YOU ARE TO COME UP WITH YOUR BANKING FULL NAME, RECIVERSE NAME, YOUR COUNTRY, TEST QESTION AND ANWSER QESTION WHICH THIS TRANSFER WILL COST YOU $280.00 USD.

(2) BANK TO BANK TRANSFER, YOU ARE TO COME UP WITH YOUR BANKING INFORMATIONS. SO THAT WE WILL PAY THE MONEY INTO YOUR BANK ACCOUNT DIRRECT WITHOUT ANY FURTHER DELAY OKAY AND THIS TRANSFER WILL COST YOU $350.00 USD AND THE MONEY WILL BE REFLECTING IN YOUR BANK ACCOUNT WITHIN 12 HRS.

(3) CHECQUE DILIVERING SERVICE, YOU ARE TO COME UP WITH YOUR REAL NAME, HOUSE, STATE, YOUR STREET, COUNTRY, PHONE NUMBER, BECAUSE THIS IS THE TYPE OF TRANSACTION THAT TAKE MORETHAN 4-5 DAYS BEFORE YOU GETS YOUR LOAN OKAY AND IT WILL BE DIFFICULT FOR OUR POST MAN TO LIVE OUR COUNTRY TO YOUR COUNTRY TO FOUND YOU AND THIS TRANSACTION WILL COST YOU $830.00 USD.

Everything after this is all just fluff and confidence to get the consumer to follow through with their desire for the loan and coax the up-front fee out of the poor sucker.

Step 4 – Scammer Moves Forward With Loan Agreement Process

HELLO,

I KNOW THAT YOU ARE IN A HURRY TO THE LOAN BUT WE DONT GIVE OUT LOAN JUST LIKE THAT OKAY. WE ARE TO SEND YOU OUR LOAN AGREEMENT DOCUMENT FOR YOU TO SIGN AND RETURN TO TELL THAT YOU ARE GOING TO PAY US BACK BEFORE THE TIME OKAY

ME AND MY BARRISTER ARE TO SIGN THE DOCUMENT BEFORE SENDING IT TO YOU TO SIGN THAT YOU ARE GOING TO PAY US BACK BEFORE 2YEARS. SO ALL YOU NEED TO DO NOW IS TO BE IN AGREEMENT WITH US BY SIGNING THE LOAN AGREEMENT DOCUMENT,

SO THAT THE YOUR LOAN WILL BE APPROVE TO BE SEND TO YOU OKAY AND AFTER SIGNING THE DOCUMENT, WE WILL TELL YOU HOW YOU ARE GOING TO MAKE THE PAYMENT OF $280.00 USD.

SO I WANT YOU TO SEND DOWN YOUR PHONE NUMBER AND YOUR WESTERN UNION INFORMATION’S TO ENABLE US TRANSFER YOUR LOAN INTO OKAY

YOUR URGENT RESPONSE NEED NOW
MERLIN LEO

Step 5 – Scammer Sends Official Looking Document

The Scammer, Merlin Leo, send the following official looking loan document. I cut out my investigative name since I like it so much. The address I gave the scammer was the office of the Illinois Attorney General. I wanted to have a bit of fun.

Here is What the Craigslist Nigerian Loan Scam Looks Like From Start to Finish

Step 6 – Scammer Gives Instructions to Send Money

Hello.

Thanks for your email and i want you to know that the company had a call from the transferring bank and said that you should change the payment information to the named below so that the bank can be able to receive your payment and have the transfer done the same day as soon as you make the payment and you are to send the western union information with the information below..

Western Union Information.
Receiver’s Name:….Irabor Enward
Address:… No 3 Afar Close, Abuja
Country:… Nigeria
Text Question:… Code
Text Answer:… Confirm

Note that as soon as you have the payment sent today with this information please do send me the information ok.

Sender;s Name:….
Address:….
Amount Sent:…
MTCN Numbers:…

Wait your payment information.

Give us a call…

Call +2347051253032

Merlin Leo

Scam Complete

Once the consumer sends their up-front payment using the scammer instructions above no loan will be given and the consumer will be out the fee they paid.

The telephone number given by the scammer is an international number in Nigeria and so is the Western Union information.

Here is What the Craigslist Nigerian Loan Scam Looks Like From Start to Finish
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Steve Donald57

    IF YOU HAVE ANY PROBLEM ABOUT YOU BEING SCAM FROM NIGERIA KINDLY CONTACT US VIA EMAIL:[email protected]

  • Hunter494

    Yes I found a similar Nigerian scam. No stupid looking certificate sent, just too good to be true interest rates and terms. They make there money by collecting the fee for the wire transfer and simply don’t send any money, just collect the fees….

  • Hunter494

    Yes I found a similar Nigerian scam. No stupid looking certificate sent, just too good to be true interest rates and terms. They make there money by collecting the fee for the wire transfer and simply don’t send any money, just collect the fees….

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