--- title: When You Spot the Scam, You Stop the Scam. description: Stop fake loan scams by learning how to spot them. image: https://blog.avadiancu.com/hubfs/Fraud%20Prevention%20May%20Blog%20Image.jpg --- [Skip to main content](https://blog.avadiancu.com/when-you-spot-the-scam-you-stop-the-scam#maincontent) # When You Spot the Scam, You Stop the Scam. ![Fraud Prevention May Blog Image](https://blog.avadiancu.com/hs-fs/hubfs/Fraud%20Prevention%20May%20Blog%20Image.jpg?width=509&height=339&name=Fraud%20Prevention%20May%20Blog%20Image.jpg) Fake loans are nothing new, but our Fraud team has seen an uptick in recent weeks. Protect yourself by remaining vigilant and learning more about fake loan scams. Here's how it may work: Scammers get you to apply for a loan you think is legitimate on a fake website. You receive no documentation, and you're asked to provide your online banking credentials. The scammer uses your username and password to log in and deposit checks to your account, so it looks like the loan has been funded. You spend the money (or in another variation, sent it back to the fraudster), the check bounces, and now you've lost the money that was already in your account and potentially left with a negative balance. Remember: A real loan will provide you with documentation before you sign anything. A real loan won't need your online banking username and password. If notice any red flags, contact Avadian immediately.    ### Topics - [Fraud Prevention (27)](https://blog.avadiancu.com/topic/fraud-prevention) - [Business Services (12)](https://blog.avadiancu.com/topic/business-services) - [Mortgages (9)](https://blog.avadiancu.com/topic/mortgages) - [Credit Unions (8)](https://blog.avadiancu.com/topic/credit-unions) - [Savings (8)](https://blog.avadiancu.com/topic/savings) - [Home Equity Line of Credit (7)](https://blog.avadiancu.com/topic/home-equity-line-of-credit) - [Online Banking (7)](https://blog.avadiancu.com/topic/online-banking) - [Black History Month (6)](https://blog.avadiancu.com/topic/black-history-month) - [Credit Cards (6)](https://blog.avadiancu.com/topic/credit-cards) - [Financial Literacy (5)](https://blog.avadiancu.com/topic/financial-literacy) - [Financial Management (5)](https://blog.avadiancu.com/topic/financial-management) - [Mobile Banking (5)](https://blog.avadiancu.com/topic/mobile-banking) - [Identity Theft (4)](https://blog.avadiancu.com/topic/identity-theft) - [Auto Loans (3)](https://blog.avadiancu.com/topic/auto-loans) - [Business Loan (3)](https://blog.avadiancu.com/topic/business-loan) - [Checking (3)](https://blog.avadiancu.com/topic/checking) - [Women's History Month 2023 (3)](https://blog.avadiancu.com/topic/womens-history-month-2023) - [CDs (2)](https://blog.avadiancu.com/topic/cds) - [Boat Loan (1)](https://blog.avadiancu.com/topic/boat-loan) - [Breast Cancer Awareness Month (1)](https://blog.avadiancu.com/topic/breast-cancer-awareness-month) - [Community (1)](https://blog.avadiancu.com/topic/community) - [Covid-19 (1)](https://blog.avadiancu.com/topic/covid-19) - [Deposit Insurance (1)](https://blog.avadiancu.com/topic/deposit-insurance) - [First Time Home Buyers (1)](https://blog.avadiancu.com/topic/first-time-home-buyers) - [Home-buying (1)](https://blog.avadiancu.com/topic/home-buying) - [Loans (1)](https://blog.avadiancu.com/topic/loans) - [Money Tips (1)](https://blog.avadiancu.com/topic/money-tips) - [Retirement (1)](https://blog.avadiancu.com/topic/retirement) - [Safe Deposit Box (1)](https://blog.avadiancu.com/topic/safe-deposit-box) - [Small business (1)](https://blog.avadiancu.com/topic/small-business) - [Taxes (1)](https://blog.avadiancu.com/topic/taxes) - [Tips (1)](https://blog.avadiancu.com/topic/tips) [see all](https://blog.avadiancu.com/when-you-spot-the-scam-you-stop-the-scam#) - [Important Phone Numbers](https://avadiancu.com/Important-Phone-Numbers) - [Careers at Avadian](https://avadiancu.com/Employment-Opportunities) - [Volunteer for the Board](https://avadiancu.com/Membership/About-Avadian/Volunteer-Board) - [Privacy Policy](https://avadiancu.com/Privacy-Statement) - [Credit Card Agreement](https://avadiancu.com/Portals/0/VisaFolderApp%20-%20credit%20card%20agreement.pdf?ver=2018-04-15-133942-400×tamp=1523817605434) - High Contrast Mode OnOff - [Online Services Terms and Conditions](https://avadiancu.com/Portals/0/Avadian%20Credit%20Union%20-%20Online_Services_Agreement%2006-13-2018%20FINAL.pdf?ver=2019-02-19-170359-640) - [Accessibility Statement](https://avadiancu.com/Accessibility) - [Deposit Insurance ](https://avadiancu.com/Personal/Build/Safety-and-Soundness/Deposit-Insurance) - [Fee Schedule](https://avadiancu.com/Fee-Schedule) - [Member Discounts](https://avadiancu.com/Membership/Member-Services/I-Love-My-Credit-Union-Rewards) - [Site Index](https://avadiancu.com/SiteMapAVA) **Phone:** 888.282.3426 **Corporate Headquarters Mailing:** P.O. Box 360287 Birmingham, AL 35236-0287 Check us out on [![](https://blog.avadiancu.com/hs-fs/hubfs/facebook-new.png?noresize&width=25&height=25&name=facebook-new.png)](https://www.facebook.com/avadiancu) [![](https://blog.avadiancu.com/hs-fs/hubfs/twitter-new.png?noresize&width=25&height=25&name=twitter-new.png)](https://twitter.com/avadiancu) [![](https://blog.avadiancu.com/hs-fs/hubfs/rss-new.png?noresize&width=25&height=25&name=rss-new.png)](http://d5820851.u71.gohsphere.com/Blog) [![](https://blog.avadiancu.com/hs-fs/hubfs/pinterest-new.png?noresize&width=25&height=25&name=pinterest-new.png)](https://www.pinterest.com/alabamatelco/) [![](https://blog.avadiancu.com/hs-fs/hubfs/instagram-new.png?noresize&width=25&height=25&name=instagram-new.png)](https://www.instagram.com/avadiancu/) The credit union is federally insured by the NCUA. Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company. ![Equal Housing Lender](https://blog.avadiancu.com/hs-fs/hubfs/Equal%20Housing%20Opportunity_White.png?width=25&height=25&name=Equal%20Housing%20Opportunity_White.png) Equal Housing Opportunity Lender **·** Copyright © 2018 Avadian CU All rights reserved.