3-step check before you make any decision
T he cost-of-living crisis is making 2023 a harder year financially, putting more people under pressure. In fact, 71% currently have less disposable income compared to an average month before the crisis. There are scammers out there looking to make it even harder. Loan fee fraud is an increasingly common scam, where people as asked to pay an upfront fee but then never receive the loan. Now it’s even more important to take a moment if you are looking for a loan. The Financial Conduct Authority advise that you pause and do the 3-step check before you make any decision: • Cold called? • Asked to pay an upfront fee? • Pressured to pay quickly or unusually? Tick any of these? STOP – it could be a scam.
