Loan Scam – joanfelchloanhome@gmail.com

The below loan scam email was sent to an email address that exists only to catch scam emails. It has never been used to register on any site, only to communicate with scammers.

Email headers

From: Joan Felch <joanfelchloanhome@gmail.com>
Subject: LOAN UPDATE
To: [Redacted - long list of email addresses]

Email body

LOAN UPDATE

GOOD MORNING TO YOU AND YOUR FAMILY.

I want to know if you are still in need of getting a loan from my
company if yes let me know cause this is new year and we have to
delete most info of clients who don’t want to work with my company so
all you have to do now is to get back to me ASAP so that we can
complete your loan transaction but if you don’t need the loan anymore
let me know so that we can delete all info we have about you OK

Thanks for your understanding so that we can get everything done ASAP.
Mr Armando Taylor

Why is this a loan scam?

It was sent in a totally different name to the one signing off the email.
The email address used is a free Gmail address.
The email was mass-mailed to many recipients all of whose email addresses are visible.
The email gives no indication of who is offering the loan, where they are based or who they are regulated by.