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Boosting your credit score to get a loan: This plan is a scam [Video]

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Small Business Funding

Better Business Bureau warns of personal loan scam that involves a plan to boost your credit score.

GREENSBORO, N.C. — You can book an entire vacation on your phone, sign up for healthcare benefits online, and even buy a car without ever stepping onto a dealership lot. So why not look around for the best rates for a personal loan online?

“We would recommend you go to the names online that you know and are recognized and accredited with the BBB because there are a lot of people out there offering loans and you could get yourself in trouble when you’re out there Googling loans,” said Lechelle Yates of the Better Business Bureau

The Triad woman who called the Better Business Bureau for help says she was almost approved for a loan, but because she had a low credit score, “the loan company” wanted to do something to boost her credit score. The plan …

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