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Loan Scammers Strike Again – Personal Loans Now reports about a New Twist on an Old Scam

Monday 21 May, 2018

Personal Loans Now warns the
public about a new tactic that loan fee scammers are using.

Personalloansnow.co.uk is an
established and trusted firm offering access to a wide range of personal loans.
In a brazen move, fraudsters cloned the website, calling their version Personal Loan Now instead of Personal Loans
Now.

Unlike the reports that have been in the news lately, these scammers are not just contacting people and
impersonating well-known, authorised lenders. In this case, they’ve gone a step
further and created an identical copy of the website. The clone site is called
personalloannow.co.uk and scammers use the company's reputation to trick victims into applying for unsecured loans with them, handing over their sensitive personal and financial details.

"We started to get people calling us about a loan that they’d been approved for and paid for. We immediately launched our thorough incident-handling protocol and discovered both the fake website and the numbers they were calling from. All details were reported to the FCA. We have contained the effect of the scam by neutralizing the fake website,” says Ofer Valencio Akerman, Cyber Security Expert at Personal Loans Now.

“It is important to mention that our customers’ data has not been compromised. The scammers are working with data they got from email marketing companies and unlicensed brokers who want to leverage on their database. In this case, Personal loans now trusted reputation was used.”

Personal Loans Now wants to prevent people from becoming victims of this scam and others by raising awareness of the warning signals.

Mr Akerman offers further advice on protecting yourself from fraud.

“As a security expert, I have seen thousands of different frauds and scams. To protect your personal information and avoid losing money I strongly recommend that you ALWAYS do the following whenever you get an email or a call:

The scammer may try to pressure you, but never pass up on these essential steps.”

Think! Is it a loan, or is it a clone? Check the FCA's news page to see if it's listed!

About Personal Loans Now

Personal Loans Now is a trading company of Rigstone Capital
UG – an Introducer Appointed Representative of Monevo which is part of the
Quint Group. Quint Group Limited is authorised and regulated by the Financial
Conduct Authority. All Quint’s affiliated lenders are fully authorised by the
FCA. UK citizens can apply for loans of £500 - £25,000 with loan terms of 2
months to 10 years+ on the personalloansnow.co.uk website. We care about your
safety and online experience!




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