Pre-payment of fees scam

The major banks are noticing an increase in the amount of people getting caught out in the latest scam preying on those struggling with the cost of living.  

How it works.

Fake websites attract people who are struggling to make ends meet, who perhaps have a poor credit rating and can’t go to high street lenders.  They are very plausible with their websites and their documentation. However, they will ask for the fees up front, and once the fees are paid, you do not get your loan.

More detail can be found in the Telegraph article in the link below.

Britain’s biggest bank issues ‘urgent warning’ over new scam (telegraph.co.uk)