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We name and shame the loan that is fake conning Brits away from money

Mum-of-four Sarah Kerr lost ?100 to that loan cost scam whenever she tired to borrow funds for urgent repairs to her automobile

  • Rosie Taylor
  • 18 Might 2018, 7:00
  • Updated: 18 Might 2018, 12:54
  • Invalid Date,

FAKE lending web sites will always be real time despite formal warnings that they con individuals out of money in loan cost frauds.

Final thirty days the Financial Conduct Authority (FCA) warned concerning the « growing threat » of loan cost frauds which cost Brits ?3.5million this past year.

Victims are targeted by fraudsters once they do some searching online for a financial loan.

They get texts or e-mails telling them they’ve been authorized but must spend an admin cost to begin between ?25 and ?450.

They’ve been then persuaded in order to make other re payments to « release » the cash – but it never ever comes.