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2 June 2020

News

Beware of COVID-19 Financial Fraud

One thing is for sure, the current COVID-19 pandemic has shone a light on some of the incredible work Canadians are continuing to do to help others in need, from dedicating their time to hand-sew masks to financially helping others who are falling behind.

Unfortunately, it has also unleashed a plethora of new financial scams designed to get your personal information to commit fraud with and to steal your money.

Globally, there is a huge increase in fraud using COVID-19 as the cover, and Canada is no exception. The Canadian Anti-Fraud Centre has released a list* of reported financial fraud so that you can keep yourself fraud-free.

Here’s what to look out for:

• Cleaning companies offering duct cleaning services or air filters to protect from COVID-19

• Hydro/electrical power companies threatening to disconnect your power for non-payment

• Centers for Disease Control and Prevention or the World Health Organization offering fake lists for sale of COVID-19 infected people in your neighbourhood

• Public Health Agency of Canada giving false results saying you have been tested positive for COVID-19 and tricking you into confirming your health card and credit card numbers for a prescription

• Red Cross and other known charities offering free medical products for a donation

• Government departments tricking you to reveal sensitive personal and financial details

• Financial advisors pressuring people to invest in hot new stocks related to the disease

• High-priced or low-quality products purchased in bulk by consumers and resold for profit

• Questionable offers such as miracle cures

• Fake and deceptive online ads, including cleaning products and hand sanitizers

It’s important that you make a point of keeping up to date about the various scams so you can better protect yourself and loved ones from falling prey.

*List updated April 9th.


COVID-19 Updates

COVID-19 Updates


With recent developments to the COVID-19 mandates and the lockdown issued by the Government of Ontario and Quebec, effective Dec 26th, we wanted to let you know that we are still here to service our partners' needs.


While we are all impacted during this COVID-19 pandemic, we are maintaining a solid support system for your business needs. At LendCare, we make it our priority to ensure that we continue to provide your business and our customers with the care they deserve.


We are committed to providing you with the same level of service that you have become accustomed to, so that the financing process is as seamless as possible. We continue to operate at full capacity and would like to reassure you that we are continuing to process applications and issue payments. We are still fully capable of processing and authorizing loan agreements. 


Feel free to contact us by email, phone or through our online contact form should you require any assistance. We will keep you updated on any changes that affect our business operations. If you have any questions or concerns, please reach out to us as you would normally, and we will be happy to respond to you.