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   What if you get a loan from a scammer?

   • Then, scammers will push you into paying a fee upfront, claiming it's for a deposit, admin fee or insurance, typically asking for between £25 and £450. While they may say it's refundable, the scammers won't ever return your money. You also won't ever get the loan you thought you were applying for.

   Loan fee fraud: Keep yourself safe from loan scams | MSE

   www.moneysavingexpert.com/loans/loan-fee-fraud-explained/

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   How do I know if a loan is a scam?

   • If you receive a phone call from someone offering you a loan, hang up. Look for the company online and call the main telephone number to see if it’s legit. You should also check if there is a physical address – if you can’t find one, it could be a sign that it’s a scam. 3. Be wary of upfront fees and guaranteed approval

   How to Spot Loan Scams and Avoid Them | money.co.uk

   www.money.co.uk/loans/avoiding-loan-scams

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   How do I get my money back after a loan scam?

   • Unfortunately, it can be tough getting your money back if you’ve fallen victim to a loan scam. The first step is to contact the FCA on 0800 111 6768 or reporting the fraud through their website. You can also call Action Fraud on 0300 123 2040 to report any suspected fraudulent activity.

   Common Loan Scams and How to Avoid Them - Money Expert

   www.moneyexpert.com/loans/common-loan-scams-and-how-to-avoid-them/

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   What is a loan scam?

   • This type of scam targets those who have already taken out a loan. Fraudsters use this information to pretend to be the loan provider, asking you for supposedly overdue payments. They might do this by sending you letters or emails, often adding a penalty fee to the repayment.

   How to Spot Loan Scams and Avoid Them | money.co.uk

   www.money.co.uk/loans/avoiding-loan-scams

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   Are online loans a scam?

   • Scammers will often try to target individuals who’ve applied for loans online. They may contact you unexpectedly and will offer you the money you need. But before giving you the loan, they’ll ask for an upfront payment as a deposit, administrative fee or insurance. They might claim it’s because you have a bad credit history.

   Loan fee fraud | FCA - Financial Conduct Authority

   www.fca.org.uk/consumers/loan-fee-fraud

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   What is loan fee fraud?

   • Loan fee fraud or advance fee fraud is a common scam where individuals are conned into paying a fee for a loan. The fraudsters often ask for between £25 and £450. But once the fee is paid, you’ll never receive the loan you were offered. If you’re struggling with money, you can get guidance on dealing with debt from MoneyHelper.

   Loan fee fraud | FCA - Financial Conduct Authority

   www.fca.org.uk/consumers/loan-fee-fraud

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2. www.fca.org.uk › consumers › loan-fee-fraudLoan fee fraud | FCA - Financial Conduct Authority

   www.fca.org.uk › consumers › loan-fee-fraud

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   Dec 6, 2023 · Loan fee fraud or advance fee fraud is a common scam where individuals are conned into paying a fee for a loan. The fraudsters often ask for between £25 and £450. But once the fee is paid, you’ll never receive the loan you were offered.

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3. www.moneysavingexpert.com › loans › loan-fee-fraudLoan fee fraud: Keep yourself safe from loan scams | MSE

   www.moneysavingexpert.com › loans › loan-fee-fraud

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   Loan fee fraud is when scammers trick you into paying a fee for a loan which you won't ever receive. Fraudsters often advertise fake loans online or create false loan comparison sites and pounce when somebody responds wanting to borrow some cash. They may even contact you out of the blue.

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5. www.money.co.uk › loans › avoiding-loan-scamsHow to Spot Loan Scams and Avoid Them | money.co.uk

   www.money.co.uk › loans › avoiding-loan-scams

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   Oct 23, 2024 · If you receive a phone call from someone offering you a loan, hang up. Look for the company online and call the main telephone number to see if it’s legit. You should also check if there is a physical address – if you can’t find one, it could be a sign that it’s a scam.

6. www.moneyexpert.com › loans › common-loan-scams-andCommon Loan Scams and How to Avoid Them - Money Expert

   www.moneyexpert.com › loans › common-loan-scams-and

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   Unfortunately, it can be tough getting your money back if you’ve fallen victim to a loan scam. The first step is to contact the FCA on 0800 111 6768 or reporting the fraud through their website. You can also call Action Fraud on 0300 123 2040 to report any suspected fraudulent activity.

7. www.citizensadvice.org.uk › consumer › scamsCheck if you can get your money back after a scam

   www.citizensadvice.org.uk › consumer › scams

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   • If There’S An Unknown Payment from Your Account
   • If You Can't Get Your Money Back
   • Report The Scam

   Contact your bank immediately if: 1. there’s a payment from your bank account you don’t recognise – this is known as an 'unauthorised transaction' 2. you’ve used your debit card and more money was taken than you expected Explain what’s happened and ask if you can get a refund. If you’re not happy with how the bank deals with your claim, you can com...

   See full list on citizensadvice.org.uk

   Find out how to get emotional support after a scam. If you need help with debt, check our advice on how to start dealing with your debts.

   See full list on citizensadvice.org.uk

   It's a good idea to report the scam – even if you haven’t got your money back yet. Find out how to report a scam.

   See full list on citizensadvice.org.uk

8. www.choose.co.uk › money › guideLoan fraud and scams | What to look out for - Choose

   www.choose.co.uk › money › guide

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   May 8, 2022 · Loan scams target people looking for a loan or struggling with debt issues. Fraudsters may cold call customers and ask for a fee to set up a loan or they may pretend to be legitimate lenders and ask for application fees.

9. www.moneysavingexpert.com › news › 2022Applying for a loan? Beware being asked to pay an upfront fee ...

   www.moneysavingexpert.com › news › 2022

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   May 30, 2022 · If you're applying for a loan, or have recently done so, beware being asked to pay an upfront fee in advance. The warning comes as fraudsters increasingly target people looking for financial help amid the cost-of-living crisis. Here's what to watch out for and what to do if you've been scammed.