Beware of fraudulent loan company scams

Home / Bad Credit Loans / Beware of fraudulent loan company scams
Secured and Personal Loans
We are a licensed credit broker, not a lender.
Loans for Homeowners and Tenants
We are a licensed credit broker, not a lender.
ac-banner_no

No upfront fees to help you find a loan*

ac-banner_no

No upfront fees to help you find a loan*

Beware of fraudulent loan company scams

Recent press has shown an increase in the amount of people become victims of fraud when applying for loans. Cases have shown that victims have been lured in by supposed loan firms when searching for loans on the internet. Having believed that they have been successfully approved for a loan, the victims have then had money stolen from their bank accounts.

These fraudulent loan companies often have websites similar to real regulated loan companies, which is part of the trickery used to convince victims that they are dealing with a reputable company.

Hopefully more awareness will ensure that people are less likely to fall prey to the fraudulent loan company scams.

Here are some handy tips to beat loan fraud;

  1. Never disclose your bank card details. No reputable loan broker or lender will ask you for your bank card details. They may ask you for your bank account details so that if approved for a loan the funds can be deposited into your bank but they should never request you give them your bank card details. Take this as a warning that the ‘company’ is fraudulent.
  2. Never trust a loan offer based on calls or text. It is extremely unlikely that a lender will contact you offering you a loan via a telephone call or text. Some fraudsters make a living out of obtaining peoples contact details in the hope that the person at the other end of the phone will fall for their antics.
  3. Research. When looking for a loan it’s imperative that you do your research on the loan company that you’re considering applying with. Using Money Saving Expert or Review Centre can give you a good insight as to whether the company is legit or not.

 

 

Recommended Posts

Leave a Comment

THE GUIDANCE AND/OR ADVICE CONTAINED WITHIN THE WEBSITE IS SUBJECT TO UK REGULATORY REGIME AND IS THEREFORE PRIMARILY TARGETED AT CUSTOMERS IN THE UK.

PLEASE THINK CAREFULLY BEFORE SECURING LOANS AND OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. SECURITY MAYBE REQUIRED.
ALL LOANS ARE SUBJECT TO AN ASSESSMENT AND CREDIT APPROVAL.
ALL RATES VARY SUBJECT TO LOAN AMOUNT, LOAN TYPE AND STATUS.
REPAYING YOUR DEBT OVER A LONGER PERIOD OF TIME MAY INCREASE THE AMOUNT YOU PAY.
WARNING – LATE OR MISSED PAYMENTS CAN CAUSE YOU SERIOUS MONEY PROBLEMS AND COULD SERIOUSLY AFFECT YOUR CREDIT RATING. FOR HELP GO TO MONEYADVICESERVICE.ORG.UK.

EASY LOANS COMPANY ACT AS A BROKER PROCESSING THE INFORMATION THAT YOU PROVIDE TO US AND PASS THIS ON TO OUR LIMITED GROUP OF THIRD PARTY LENDERS AND BROKERS.
WE DO NOT CHARGE A BORROWERS FEE FOR THE USE OF OUR BROKERAGE SERVICES, HOWEVER WE DO RECEIVE COMMISSION FROM LENDERS (OR OTHER BROKERS) WHEN BORROWERS SIGN INTO A CREDIT AGREEMENT FOLLOWING AN INTRODUCTION THROUGH THE EASY LOANS COMPANY WEBSITE.
IN THE CASE OF SECURED LOANS THE FEE RECEIVED MAY BE UP TO 7%. TELEPHONE CALLS FROM UK LAND-LINES ARE USUALLY FREE, HOWEVER CHARGES VARY FROM MOBILE PHONES SO PLEASE CHECK WITH YOUR NETWORK PROVIDER. CALLS MAY BE RECORDED FOR TRAINING AND MONITORING PURPOSES.
AS OPERATOR OF THIS WEBSITE, EASY LOANS COMPANY IS NOT AN AGENT OR REPRESENTATIVE OF CONSUMERS OR ANY LENDERS AND THEREFORE DOES NOT ENDORSE THE SERVICES OFFERED BY SPECIFIC LENDERS.
THE GUIDANCE AND/OR ADVICE CONTAINED WITHIN THE WEBSITE IS SUBJECT TO UK REGULATORY REGIME AND IS THEREFORE PRIMARILY TARGETED AT CUSTOMERS IN THE UK. FOR MORE INFORMATION ON HOW WE HANDLE YOUR DATA SEE OUR PRIVACY POLICY [ *FOR FURTHER DETAILS ABOUT EASY LOANS COMPANY SEE OURTERMS AND CONDITIONS

Easy Loans Company is a registered Trading Name of Nationwide Direct Financial Limited which is an Introducer Appointed Representative of Quint Group Limited, and is entered on the Financial Services Register under reference number 723650. Quint Group Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Nationwide Direct Financial Limited is registered in England and Wales (Company number 05999918), Registered Office; 84 Princess Street, Manchester House, Manchester, M1 6NG. Licenced by the Information Commissioners Office, (registration number Z9808421).

Start typing and press Enter to search