Mortgage broker scams uk
When borrowing money be aware of scammers offering fake loans. Be especially suspicious if you're asked to pay money upfront. Legitimate lenders will not ask you to do this.
Scammers are skilled at convincing people that their loan offer is real. Here are some of the warning signs. Do not accept unsolicited offers of credit from unfamiliar lenders and only deal with reputable online institutions, after you have checked they are the real company by calling their public phone number.
He then received a call from a lender who mortgage broker scams uk him an Australian Credit Licence number. The fake lender approved Peter for the loan and emailed him a loan contract. Peter signed the contract and emailed back copies of his identification documents. Peter wasn't worried about doing this as the lender had sent him a seemingly legitimate invoice for the transaction. After 2 mortgage broker scams uk Peter started to get worried as he had not mortgage broker scams uk the loan funds.
He tried to call the lender but there was no answer to his calls or reply to his emails. This case study is based on a true story.
Read ASIC's media release about loan scams and how victims in have lost thousands of dollars to these types of scams. Scammers can hack legitmate websites of some smaller lenders to target consumers. Be wary of giving out your personal details, including copies of identification documents like passport or drivers licence, or bank account details. Overseas scammers may use this information to steal your identity.
Read more about identity fraud. If you have been scammed you will lose any money you have transferred, which could be thousands of dollars. If you have given the money to a fake lender, you won't be able to take your complaint to an external dispute resolution service as this service only handles mortgage broker scams uk about licensed lenders.
Scammers are skilled at convincing people that the loan offer is real. Mortgage broker scams uk suspicious of anyone offering you easy money. There is almost always a catch. Here we explain how to identify a fake loan and what to do if you've been scammed.
How to identify a loan scam Things to check before getting a loan What to mortgage broker scams uk if you have been scammed How to identify a loan scam Scammers are skilled at convincing people that their mortgage broker scams uk offer is real.
Warning signs You receive a call or email telling you that you qualify for a loan from a company that claims to be a registered Australian company or Australian Credit Licensee. They may even have an Australian phone number or address to appear legitimate. You're asked to make upfront payments before you get the loan, to pay for things like insurance, tax or initial repayments. You're asked to deposit these into an Australian or overseas bank account.
You're emailed from a generic email address, for example, a gmail, hotmail or outlook account, or an email address that looks like it's from a legitimate institution but is spelled incorrectly.
You're approved for mortgage broker scams uk loan amount that is more than you require. You're offered a low interest rate. Warning Do not accept unsolicited offers of credit from unfamiliar lenders and only deal with reputable online institutions, after you have checked they are the real company by calling their public phone number.
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