Online Loan Warning

22 November 2010, 10:32

A number of scams have been reported in the past week after people across the county have been conned by bogus internet loan offers.

One victim, a single mother from Huntingdon, paid almost £400 in 'set-up' fees to a company for a £4,500 loan but she's still not received the money.

PC Steve Marshall, investigating, said: "More and more people are turning to online companies to secure loans after being refused them elsewhere, and we have seen an increase in reports of people being conned with so-called 'start-up' fees".

"Often these companies ask for several small payments to individuals in foreign countries".

"I would urge people to use reputable companies and always be wary of transferring payments to individuals. It is also worth researching companies via online forums to see if they are trustworthy."

For advice on money issues, contact your local Citizens' Advice Bureau.

To report a fraud, call police on 0345 456 456 4.

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