Romance scammers are trying to convince victims to open home equity loans, research finds
The loans targeted by scammers, called Home Equity Lines of Credit (HELOCs), are ones that a bank will extend to a homeowner, using their home as collateral.
Romance scammers are increasingly convincing Americans to take out lines of credit against their own houses or stealing their homeowners personal information and taking out those loans directly, acco… [+4778 chars]