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.
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