Consumer Advisory: APR Rates Range From 5.99% to 35.99% Maximum APR for qualified consumers.

Fraud & Scams

Yup Loans takes the safety and privacy of our customers seriously, so we’ve set up this page to provide guidance if you think you are becoming a victim of fraud.

  • ⚠️ Never pay in advance for the promise of a loan
  • ⚠️ Never give out personal information if you’re unable to verify the identity of the individual or company contacting you
  • ⚠️ Never send money to an individual or company if you don’t recall taking a loan from them

Impersonation Scams

Fraud can sometimes be difficult to spot. Fraudsters may take the name of genuine companies and impersonate them by sending letters or calling their victims promising loan deals that don’t exist. They typically get their victims to part with cash on the promise that a loan will follow. Be aware of these types of scams.

Below are two examples of scams where fraudsters have impersonated lenders or credit brokers.

Advanced fee loan scam

With advanced fee loan scams, fraudsters demand upfront payment of various “fees” and request victims to make payment directly to them.

Warning Signs

  • ⚠️ Requests for payment in advance
  • ⚠️ Requests for you to pay via a prepaid debit card
  • ⚠️ Requests for you to wire them money

These fraudsters are skilled and experienced at persuading people to part with their money. They often attempt to copy legitimate lenders’ licenses, or use fake loan confirmations and approval letters.

They are not affiliated with Yup Loans or anyone associated with us.

Debt collection scam

With debt collection scams, fraudsters make phone calls impersonating legitimate collectors or lenders to fraudulently attempt to collect real or fake debts.

Warning Signs

  • ⚠️ Threats you with violence, arrest or wage garnishment
  • ⚠️ Refusal to provide you with your loan agreement or history
  • ⚠️ If they are referring to a real debt, trying to collect a different amount to what you owe

These fraudulent debt collectors call to harass and threaten consumers in an effort to intimidate or con people into making payments for debts, including debts that do not actually exist, that have previously been paid, or that are owed to a different collection agency.

These calls are not being made by Yup Loans or anyone affiliated with us.

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