“Hodari-Loans” website is a fake loan site that targets naive individuals by pretending to offer them quick and simple loans. The victim’s only condition is that they either purchase shares or pay an upfront fee before they can get the loan and once you pay that fee, the scammers disappear and block you. Be careful because the following numbers are used by scammers to trick their victims:
Contacts:
- +254 107 430 554
- +254 114 913 008
- +254 702 622 595
- +254 796 536 880
- +254 104 868 022
How the Scam Works
- Attractive Loan Offer: Victims are lured to the scam website, often through social media ads, emails, or search results, promising fast loan approval with low-interest rates, no credit checks, or guaranteed funding.
- Upfront Payment Demand: Once the victim fills out a loan application and expresses interest, the website claims the loan is ready to be approved but requires an upfront payment. This could be a “registration fee,” “processing fee,” or an “administrative charge.
- Disappearing Act: Once the victim has paid multiple fees, the scam website cuts off all communication. The promised loan is never disbursed, and the victim is left with nothing except more debt.
How to Avoid Falling for the Scam
- Never Pay Upfront Fees: A legitimate lender will never ask you to pay fees before disbursing a loan. If you’re asked to make any payment upfront, it’s likely a scam.
- Research the Website: Check the legitimacy of the loan website. Look for reviews, verified business information, and contact details. If the website lacks a physical address or phone number, be suspicious.
- Look for Red Flags: Watch out for offers that seem too good to be true, such as guaranteed approvals, very low-interest rates, or promises of no credit checks. Scammers often use these tactics to lure in victims.
- Report Suspicious Sites: If you suspect that a loan website is a scam, report it to the authorities to help prevent others from falling victim to the same fraud.
Conclusion
Always be cautious when dealing with unfamiliar lenders online, and remember: a legitimate loan should never come with an advance payment requirement. If you’re in doubt, research the lender thoroughly or consult with a financial professional to protect yourself from such scams.
