Jump to content
House Price Crash Forum
Sign in to follow this  
geezer466

Identity Theft Pays Well

Recommended Posts

At least 5,000 people are being pursued by debt collectors working on behalf of a payday loan firm, for sums they did not borrow in the first place.

Police believe fraudsters managed to get loans paid out by Help Loan using personal details of innocent Britons. The Finland-based company believes the fraud has cost it at least £1.5m, Radio 4's Money Box programme has learned.

£1.5 Million over what must have been a couple of weeks at £500 a pop must have taken some doing..Usual suspects I suppose.

Share this post


Link to post
Share on other sites

At least 5,000 people are being pursued by debt collectors working on behalf of a payday loan firm, for sums they did not borrow in the first place.

Police believe fraudsters managed to get loans paid out by Help Loan using personal details of innocent Britons. The Finland-based company believes the fraud has cost it at least £1.5m, Radio 4's Money Box programme has learned.

£1.5 Million over what must have been a couple of weeks at £500 a pop must have taken some doing..Usual suspects I suppose.

on the interest rates they charge for payday loans (roughly 2500% pa according to those daytime ads i see on days off) i reckon 600 quid loan left unpaid for a year will be 'worth' 1.5 mill...

anyone wanna borrow a tenner?

Share this post


Link to post
Share on other sites

At least 5,000 people are being pursued by debt collectors working on behalf of a payday loan firm, for sums they did not borrow in the first place.

Police believe fraudsters managed to get loans paid out by Help Loan using personal details of innocent Britons. The Finland-based company believes the fraud has cost it at least £1.5m, Radio 4's Money Box programme has learned.

£1.5 Million over what must have been a couple of weeks at £500 a pop must have taken some doing..Usual suspects I suppose.

I'ts nice to hear that the thief's are getting some of their own medicine.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 152 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.