Take these steps to minimize any damage: If you're the victim of a personal loan scam, you may also be at risk of identity theft. Check your credit reports for accounts you don't recognize to ...

As the festive spending ramps up, so do advance-fee loan scams and fraudsters. Ayanda Ndimande, Strategic Business Development Manager at Sanlam Credit Solutions, warns that fraudsters often ...

Equifax and TransUnion – and ask to submit a fraud alert. A representative at the respective credit bureau can help you report the fraudulent loan and place a freeze on your credit file.