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We name and shame the fake loan websites conning Brits out of cash

We name and shame the fake loan websites conning Brits out of cash

Mum-of-four Sarah Kerr lost ?100 to a loan fee scam when she tired to borrow cash for urgent repairs to her car

  • Rosie Taylor
  • 7:00,
  • Updated : ,
  • Rosie Taylor
  • Invalid Date,

FAKE lending websites are still live despite official warnings that they con people out of cash in loan fee scams.

Last month the Financial Conduct Authority (FCA) warned about the “growing threat” of loan fee scams which cost Brits ?3.5million last year.

They receive texts or emails telling them they’ve been approved but must pay an admin fee first of between ?25 and ?450.

They are then persuaded to make other payments to “release” the money – but it never arrives. The average victim lost ?740 last year.

Neo Finance

It is thought fraudsters behind the website have copied the name of an unconnected registered company (Neo Finance Ltd) to trick borrowers.

The website is not authorised by the FCA and asks customers to hand over their bank details and debit card details, including security code, to apply.

London Loan Bank

The loans company quotes a fake FCA interim permission number, fake company registration number and fake VAT number on the website.

The FCA said: “We believe this firm has been providing financial services or products in the UK without our authorisation.”

Get Your Loans

This is a so-called “clone firm” which uses details from a genuine, published here authorised firm to trick customers into thinking it is a real loans provider.

The FCA said: “This is a firm that we have been told is either operating regulated activities without the correct authorisation, or is running a scam.