Stop fraud.
Fraud is on the increase – be aware of the Authorised Push Payment Scams.
Authorised Push Payment (APP) Fraud is when scammers trick people into willingly sending money to them. They might pretend to be from your bank, claim that you have been a victim of fraud and you must move your money to a “secured” bank account. The criminals will try to create a sense of urgency, often threatening you with criminal charges or legal actions.
Scammers might pose as your boss, requesting a favor, or pretend to be a relative in a situation requiring urgent help. They may claim to have a property to rent and ask for an upfront deposit payment to secure the viewing as they live overseas.
We are aware of scams involving individuals being offered loans for an upfront fee by organisations posing as a representative of Billing Finance. We do not charge up-front fees for our loans and would not approach you directly in this way. Billing Finance also only operates in the UK. If you are concerned about a communication from us, contact us.
If you think you have been a victim of such a scam, please contact your bank immediately and report it to action fraud.
Helpful tips on how to spot a scam.
- You’re asked to pay an upfront fee to receive money, a prize/service or goods that you weren’t expecting.
- You’re asked to pay an upfront fee for a training program or background check for a job that may not exist or you didn’t apply for.
- You’re told that fees are fully refundable and will be used as a deposit, administrative charge or for insurance.
- There are follow-up fees you need to pay in order to secure the loan, prize/service or goods.
- You are put under pressure to pay quickly by wire, bank transfer or cryptocurrency.
- The domain name doesn’t match that of the sender of the email.
- Anything that seems to be unusual, upfront, or immediate request for payment, if in doubt choose to investigate.
THINGS TO DO…
Question things that are too good to be true, winning money or inheriting when you have no knowledge of the competition or person.
Be very careful if someone asks you to change a payment or move your savings. Always double-check by calling the bank or company directly.
Check emails and website independently of clicking links. Don’t just rely on emails because they could be intercepted.
Check any lenders have a genuine FCA number.
Check companies house to ensure the company contacting you is registered.
Don’t rush a payment. Legitimate organizations won’t mind waiting. If someone is pressuring you to hurry, be extra careful and make sure the request is real.