Police warn of loan fees scam

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Officers from Lancashire’s Economic Crime Unit are trying to raise awareness of an emerging fraud involving the offer of loans which require “up- front fees”.

Victims who may have been searching the internet for loans, have been contacted by telephone from people purporting to be from a loan company advising the victim that their request for a loan was successful.

They are then told that before the loan funds can be transferred, the “loan company” requires an arrangement fee to be sent to them by money transfer system first.

Enquiries have revealed that similar scams are taking place around the country and the victims are normally people who find it difficult to obtain loans.

Contact Action Fraud on 0300 123 2040.