How to protect yourself from scams
At Lot2You, we're committed to your financial security. We believe the success of the marketplace is tied to your financial safety and strive to exceed industry standards for privacy and security. You also play a crucial role in safeguarding your information.
Scammers often try to trick consumers by pretending to be employees of financial companies like Lot2You. If someone contacts you asking for information or offering a service, be aware that:
Advance fee and broker fee scams
Advance fee scams, a type of consumer fraud, are becoming increasingly common. Scammers ask for money up front, in exchange for the “promise” of a loan that they never deliver. At Lot2You, we never ask you to pay ANY fees up front before you receive your loan. And no loan broker or other service is authorized to charge a fee on our behalf.
Advance fee scammers often target people with poor credit who have recently been declined for a loan, and offer them a large loan at a low rate. Here's how these scams work:
Remember, if a loan offer comes out of the blue and seems too good to be true, it probably is.
The good news is that you can protect yourself against an advance fee scam by knowing what to look for and taking simple precautions.
If you are a victim of an advance fee scam
If you believe you're a victim of an advance fee scam by someone pretending to be a LendingClub employee, take the following steps immediately:
Accessing your Account from Abroad
As a U.S. company, Lot2You and its subsidiaries must comply with U.S. law, including trade sanctions administered and enforced by the Office of Foreign Assets Control (OFAC). OFAC prohibits or restricts transactions with certain countries, organizations, and individuals. OFAC sanctions programs vary in scope. Some are broad-based and oriented geographically. Others are “targeted” and focus on specific individuals and entities. For more information about OFAC and sanctioned countries, please visit the OFAC website. Lot2You prohibits, direct or indirect, activity with or from OFAC sanctioned countries.