Loan scams on the rise in Toledo

Today's Buyer Beware has to do with the rise in mortgage problems and job cutbacks. We're  seeing an increasing number of consumers who need loans, but there are companies that promise to give you a loan if you give them an advance fee.

Dick Eppstein from the Better Business Bureau warns against fake loans deals. He says most of the fake loan companies are in other countries -- and many of them are in Canada.

If you have a question for the Better Business Bureau, you can call them locally at 419-531-3116. You can also reach them at 1-800-743-4222.

Posted by KO