How do I stop receiving loan spam calls?

Register with the National Do Not Call Registry to opt out of unsolicited sales calls. Additionally, use call-blocking features on your phone and consider third-party apps to filter unwanted calls.

Are there apps to block loan spam calls?

Yes, apps like Hiya, Nomorobo, and RoboKiller can help identify and block spam calls before they reach you.

What should I do if I receive a loan spam call?

Do not engage with the caller. Hang up immediately and consider reporting the number to the Federal Trade Commission (FTC) at ReportFraud.ftc.gov.

How to Reduce the Risk of Loan Spam Calls: A Comprehensive Guide

Loan spam calls are a pervasive nuisance, often leading to unwanted solicitations and potential scams. Implementing a combination of proactive measures can significantly reduce these interruptions.

Why Am I Receiving Loan Spam Calls?

Receiving unsolicited loan offers is a common issue. After applying for a loan, your information may be sold to other lenders, resulting in an influx of calls. Additionally, scammers often use caller ID spoofing to make their calls appear legitimate. (centralbank.net)

How Can I Block Loan Spam Calls on My Phone?

For iPhone Users:

Silence Unknown Callers: Navigate to Settings > Phone and enable "Silence Unknown Callers." This feature silences calls from numbers not in your contacts, recent calls, or Siri suggestions. (us.norton.com)
Block Specific Numbers: Open the Phone app, go to Recents, tap the information icon next to the number, and select "Block this Caller." (us.norton.com)

For Android Users:

Enable Spam Protection: Open the Phone app, tap the three-dot menu, go to Settings > Spam and Call Screen, and enable "See caller & spam ID" and "Filter spam calls." (us.norton.com)
Block Specific Numbers: Open the Phone app, go to Recents, long-press the spam number, and select "Block / report spam." (us.norton.com)

Are There Carrier Services to Help Block Spam Calls?

Yes, major U.S. carriers offer services to help block spam calls:

AT&T: ActiveArmor provides free app-based and network-level blocking. (whocalledus.net)
Verizon: Call Filter offers free basic spam detection through the Verizon app. (whocalledus.net)
T-Mobile: Scam Shield provides free Scam Likely warnings on caller ID. (whocalledus.net)

How Do Call-Blocking Apps Help Reduce Loan Spam Calls?

Third-party call-blocking apps use crowdsourced databases and AI to identify and block spam calls before they reach you. Some reputable options include:

Hiya: Recognized for its extensive spam number database and compatibility with both iPhone and Android devices. (whocalledus.net)
Nomorobo: Awarded the FTC's Robocall Challenge and effective for both landlines and mobile phones. (whocalledus.net)
RoboKiller: Blocks 99% of robocalls and features AI "Answer Bots" to waste scammers' time. (whocalledus.net)

What Are Additional Steps to Prevent Loan Spam Calls?

Register with the National Do Not Call Registry: This free service allows you to opt out of receiving unsolicited sales calls. (consumer.ftc.gov)
Be Cautious with Your Personal Information: Limit sharing your phone number online and avoid providing it to unverified sources.
Report Unwanted Calls: If you receive unsolicited loan offers, report them to the Federal Trade Commission (FTC) at ReportFraud.ftc.gov. (consumer.ftc.gov)

By implementing these strategies, you can significantly reduce the frequency of loan spam calls and protect your personal information.