We have recently been made aware of a loan fee scam operating in the UK: individuals receive a call offering a loan on the condition that an upfront fee is paid before the funds can be released. The fraudulent broker asks for fees to be transferred by vouchers or money transfer and often falsely claims to represent legitimate loan providers or brokers who are registered with the Financial Conduct Authority (FCA). The genuine loan provider or broker is in fact unaware of this activity and is the victim of corporate identity theft. A more detailed description of the scam can be found on the FCA website: http://www.fca.org.uk/consumers/scams/loan-fee-fraud
TotallyMoney.com does not arrange loans or take money from visitors to this website. We are a comparison service that enables individuals to compare loans from different legitimate lenders according to their personal circumstances. We do a “soft search” of your credit data and match that against lenders lending criteria showing you whether you are likely to be accepted. This search leaves no mark that is visible to lenders on your credit file.
If visitors to our site have had any experience of loan fee fraud they should contact with Action Fraud, the UK’s national reporting centre for fraud and internet crime, on 0300 123 2040 or by visiting http://www.actionfraud.police.uk