This summer, the cost-of-living crisis is making 2024 challenging for many. The FCA’s Financial Lives research reveals that 14.6 million people are finding it difficult to cope financially.
This leaves consumers susceptible to scams such as loan fee fraud, where they are asked to pay an upfront fee but then never receive payment.
Now, it’s even more important to take a moment to pause if you are looking for a loan.
Pause and do the 3-step check before you make any decision and avoid the scammers.
- Cold called?
- Asked to pay an upfront fee?
- Pressured to pay quickly or unusually?
Tick any of these? STOP
Protect yourself from loan fee fraud.
Read related resources
Read more-
High Street Matters: Building Trust
Worried about negative reviews damaging your business? Think again. In the first episode of Season 2 of the High Street Matters podcast, discover how you can turn customer feedback into your secret weapon for growth.
-
Your first 5 posts for your business’ LinkedIn profile – how to get started
Plan your first Instagram posts with confidence — a simple guide for independent retailers to get started and connect with customers.
-
An introduction to planograms for independent retailers
Discover how planograms help independent retailers optimise shop layouts, boost sales, and create a better shopping experience.
-
Government guidance for small businesses on fake reviews
CMA reviews reveal gaps in how businesses handle fake reviews. Retailers should be mindful to meet compliance and avoid enforcement.