Looking for a loan?
Protect yourself from loan fee fraud
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If you’re considering a loan, you may be vulnerable to loan fee fraud - an increasingly common scam, where you’re asked to pay an upfront fee but then never receive the loan.
The cost-of-living crisis is exerting increasing pressure on people’s finances, with a more of the population taking out loans to cope. At the same time scams are rising, including loan fee fraud. The FCA receives reports of hundreds of cases of loan fee fraud a year, with victims losing on average £255.
Now, it’s even more important to take a moment if you are looking for a loan.
Pause and do the 3-step check before you make any decision and avoid the scammers:
Debt Free Advice provides free, independent and expert support on all kinds of money worries, including issues with bills, repairs, rent and more.
Get in touch with our team today by calling us on 0800 808 5697 or filling out our short assessment form
What To Expect When you contact us...
Using the information you’ve given us, we’ll establish the nature and urgency of your debt before giving you a detailed analysis of the help available to you.
We’ll work with you to explore your situation and get all of the information needed to provide you with comprehensive advice. We will then discuss your options and talk you through the pros and cons of each.
Finally, we’ll establish the best possible solution and help you resolve your debt – whether that’s by means of advocacy, representation, or by helping you write letters and supporting you throughout the process.
SEEK HELP QUICKLY…
The sooner you act, the easier it will be to manage - our expert advice is always free and confidential.