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You will never see any of the promised money because there isn’t any.
This scam is not even new; its variant dates back to 1920s when it was known as "The Spanish Prisoner" con.
It's more lucrative to apply the fee to your credit balance and potentially collect interest on it! As for incredible pre-approved loans for half-a-million dollar homes: Use your common sense.
These people do not know you or your credit situation, yet they are willing to offer massive credit limits? Sadly, far too many victims are pressured by financial problems and are susceptible to this con.
Email programs have improved by adding ways of recognizing bogus emails and flagging them before they get to you, but they're not perfect.
The best way to avoid falling prey to a scam is to know what they look like.
If you are thinking about applying for a “pre-approved” loan or a credit card that charges an upfront fee, ask yourself: “Why would a bank do that?The seductive visions of wealth can make you overlook that you never even entered this lottery.This scam will usually come in the form of a conventional email message.In the meantime, if an email seems suspicious to you, do not trust it. Being skeptical could save you a lot of money, time, and hassle.
Most of you have received an email from a member of a Nigerian family with wealth.If only one in every thousand people falls for this scam, the scammers have won.