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Non-existent loans on the increase

It has been revealed that many people in the UK have been defrauded out of thousands of pounds in a well-organised and well administered fraud targeted at those who are struggling financially. A number of people have reported unsolicited phone calls and text messages as well as adverts on the Internet which failed to deliver on their promises.

Many of these scams ask for the potential customers to pay fees in advance which have varied between £35 and £2,000. Very often, once these payments have been made, contact will cease and the loan will never materialise with the companies in question proving very difficult to trace. There have also been instances of victims being asked to pass over details of their bank accounts only to find out that their accounts have been cleared in double quick time.

These particular scams are working very well because of the economic situation and the fact that more people in the UK are struggling than ever before. In simple terms, if an offer looks too good to be true, and is unsolicited, then it is probably too good to be true and you should at the very least ensure you know who you are dealing with and be very careful.

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