Lender Loan Fraud

Last updated: 20 November 2024

Next review: 20 November 2025

Seek advice first. Speak with a trusted friend or family member if you’re using a loan company you’re unfamiliar with, or if the lender requires an up-front fee.

Scam messages: Don’t click on the links or attachments in suspicious emails. Never respond to messages that ask for your personal or financial details.

FCA register: Use the Financial Conduct Authority’s (FCA) register to check if the company is regulated by the FCA. If you deal with a firm (or individual) that isn’t regulated, you may not be covered by the Financial Ombudsman Service (FOS) if things go wrong and you lose your money.

If you have made a payment: Inform your bank as soon as possible. They can help you prevent any further losses. Monitor your bank statements regularly for any unusual activity.