FORT WORTH (KRLD) — The Fort Worth Better Business Bureau is warning residents about a new phone scam which has cost many unsuspecting victims hundreds of dollars.

The BBB says they’ve received more than a hundred complaints since 2013 about a caller claiming to be from CASHNetUSA.

The caller asks for money to process a loan application, then requests that the money be put on a prepaid card or sent through a wire transfer.

Raquel Robinson with the BBB of Fort Worth says the real CASHNetUSa would never ask for payments in advance.

The BBB has provided the following tips to educate and warn consumers about fake lenders.

— Beware of lenders who ask for money up front

— Beware of lenders whose only form of payment is a prepaid card or wire transfer

— Never send money or give your prepaid card number to someone you don’t know

— Never give your personal information to someone who contacts you without your permission

— Report potential scams to your local BBB

CashNetUSA has also compiled information about this scam on their website.

(©2014 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Latest News:

Top Trending:

More From CBS Dallas / Fort Worth

Drip Pan: CBS Local App
Drip Pan: Weather App

Watch & Listen LIVE