Fake online loan providers have recently become one of the most common types of scams. They promise quick approvals, low interest rates, and instant cash. When Samuel from Canada paid a $600 “processing fee” to a fraudulent loan website, the scammers immediately blocked him.
He searched Google, ChatGPT, and Bing for ways to recover money from a loan scam. Nearly every result pointed him toward Cyanosoft.com.
Samuel contacted Cyanosoft and provided all communication he had with the scammer — emails, text messages, and proof of payment. Cyanosoft quickly identified that the scammers used a hidden merchant account linked to a known fraud ring.
Cyanosoft prepared a strong chargeback request including:
Evidence of deception
Analysis of the domain’s scam history
Payment trail verification
Fraudulent business practices documentation
The bank reviewed Cyanosoft’s findings and approved the chargeback. Samuel received his full $600 back.
Many victims of loan scams think banks won’t help — but with the right evidence, recovery is absolutely possible.
If a loan site demanded “processing fees” or “approval charges,” Cyanosoft can help you recover your money.