Keep a lookout for Scams and Fraud

Text Loan Site takes the safety and privacy of its customers seriously, we provide this page to help forewarn our customers and provide some guidance if you think you may have become a victim of fraud.

Fraud is sometimes difficult to spot: some fraudsters take the name of genuine companies and pose as them making cold telephone calls to their victims promising loan deals that don’t really exist. They invite the victim to part with the cash through voucher schemes like UKASH VOUCHERS on the promise that a loan will follow. Be aware of these types of scams.

Note: No one from Text Loan Site, or any financial partner relations; including lenders; will ever contact you by phone, Skype, text, post, or email and request you to send money to them or buy products from them prior to receiving your loan funds.

The people that run these scams are skilled and experienced at persuading their targets to part with their money.

Step 1: Stop sending money

If you think you have been scammed you should stop sending money to the firm and individuals involved straight away. If you have given them your bank account details, tell your bank immediately.

Step 2: Report it

If you have been cold-called and suspect it was a scam, you can report it using the below:

1.Action Fraud

2.Money Advice Service on scams

3.Telephone Preference Service

4.Mailing Preference Service

5.Financial Conduct Authority Information:

6.phone: 0800 111 6768

7.e-mail: consumer.queries@fca.org.uk

Representative Example:

Borrow £200 for 30 days. The total charge for credit is £48.00. Total amount repayable is £248.00.

Fixed interest rate of 292% per year. 1169.67% APR Representative.

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Warning: Late repayment can cause you serious money problems. For help, go to: https://www.moneyadviceservice.org.uk/en
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