Fraudsters and scammers love to use legit finance companies to extort money from unsuspecting victims. We’ve set up this Fraud Prevention Centre to make you aware of possible threats to your safety when applying for loans. If you have information about an active loan scam that you think people should know about, please let us know so we can check it out and help publicise it. If you need a safe payday loan from a direct lender please apply here with Cashfloat, a trusted lender who has helped over 40,000 people in the UK obtain the short term loan they need.
Scammers have been contacting unsuspecting UK citizens posing as an FCA approved lender 'Monarch Loans' in an effort to swindle them out of their hard earned money.
Real Company Name: Leadsmarket UK Ltd, Leadsmarket.com LLC
Clone Company Name: Monarch Loans
Leadsmarket UK Ltd offers cutting edge lead technology to lenders, along with other services to help further various business campaigns in the financial sector. Unfortunately, fraudsters have been using this FCA authorised business's details to offer fake loans and steal money from consumers.
They are known to have been using these telephone numbers:
Protect yourself from fraud! A phone call out of the blue from a loan company or any financial institution should raise your suspicions. Never give your personal information via phone, website, or email if you are not sure that the company is legitimate and FCA regulated. You can always double check using the Financial Services Register.
This fraud has been successfully reported to the FCA.
British-lenders.uk is scam a website claiming to offer loans online. =
Despite claiming on their website, that they are FCA authorised, they are in fact NOT registered with FCA or ICO. The FCA has even issued a public warning about this website.
They have been known to scam people by claiming that before they can fund them their loan, they need the first installment as 'insurance'. Please note: No responsible lender will ever ask you to make payments on a loan before they fund you the loan!
One online review reads:
Please Beware!!! I filled out an online application for a short term loan with British Lenders as I needed some finance for my business to help with cashflow. To cut a very long story short, they scammed me out of £849.00 and the loan never materialised and they continued to call asking for more money and refusing a refund when I said I no longer wanted the loan.
Known phone numbers: 0208 088 2327, 0203 318 2655, 03300174182, 03457213141, 03452661710
Known email addreses: info@british-lenders.uk
The website operates out of India.
On their website, Soft Loans claim to be an FCA authorised credit broker – but they’re not.
Real Company Name: FIDELITY WORKS LTD
Clone Company Name: Soft Loans, claiming to be a trade name of Fidelity Works Ltd
Fidelity Works Ltd describe themselves as an affiliate ‘bargain superstore’, acting as a go between for affiliate marketers and lenders of payday loans, instalment loans and car finance. They are fully registered by the FCA and are a well-known and established company.
Soft Loans looks like a decent credit broker where you can apply for a loan of £500 to £20,000. They claim to be a trading name of Fidelity Works Ltd, acting under their license – but they’re not. This is what their home page looks like:
As you can see, it looks like a normal credit broker’s website. There is nothing to suggest that it is actually a scam. If you want to be sure that they are authentic, you are likely to scroll down to the bottom of the page where you will see this:
It looks like this company is registered with the FCA, and you may even have heard of Fidelity Works. All this makes users more likely to continue with their application. However, Soft Loans is not a trading name of Fidelity Works, and it is not authorised in any way. It is a scam! This is reported on the FCA’s website, but at time of writing the Soft Loans website (softloan.online) is still live, meaning that they can continue stealing money from unsuspecting victims.
They are also known to be using the email address info@softloan.online, as well as these telephone numbers:
We at Cashfloat hope that by reporting this, we are saving potential victims from losing their hard-earned cash to these scammers.
A group of criminals have cloned the website of a reputable online brokerage firm called Personal Loans Now.
Real Company Name: Personal Loans Now, a trading name of Rigstone Capital UG
Clone Company Name: Personal Loan Now
Personal Loans Now, a trading name of Rigstone Capital UG, works with Quint Group Limited to offer brokerage services. UK citizens can apply via the online website for a loan of £500 up to £25,000, with various options such as applying with bad credit or using a guarantor. Their website is personalloansnow.co.uk – note the ‘s’ in ‘loans’.
There is another website, almost identical to this one, called personalloannow.co.uk. This one is a scam! The people behind it have already successfully extorted thousands of pounds out of unsuspecting consumers!
They have been known to be using this telephone number: 03302200132.
The bank details they are asking people to deposit money into is as follows:
Bank: Santander
Sort Code: 09-01-28
Account: 00549982
They claim they are FCA registered with the FCA authorisation number: z1498441. We checked for this number on the FCA register and it was not found - clearly confirming that it is all a scam.
Look at the images below. Can you spot the difference between the real website and the clone? (Click the image to enlarge).
A member on our team has spoken to the scammers, posing as an interested customer. The first time, they impersonated Credit Extra Cash and the second time, they impersonated Bad Credit Site. Listen to these call recordings to see what happened!
Scammer ask for 190 pounds for "insurance"
Talking to the 'Tony Berga' the "supervisor"
As you can hear, the correspondent becomes quite aggressive when there is a suggestion of a delayed payment.
This case was successfully reported to the FCA, GoDaddy and Google by Cashfloat.co.uk.
Fraudsters are contacting people claiming to be from FCA authorised broker Lily Loans in an attempt to make money off them.
Real Company Name: Lily Loans, a trading name of Season Marketing Limited
Clone Company Name: Lily Loans
Lily Loans is the trading name of Season Marketing Limited, a company who have been authorised to offer brokerage services in the UK. UK citizens can apply for short term loans of up to £2,000, with repayment terms of 1-6 months. However, scammers have been cold-calling people claiming to be from Lily Loans. The scammer informs the victim that they have been approved for a loan and only need to send a small fee in order to receive the money.
They are known to have been using the email address lilyloans.info@gmail.com as well as the following phone numbers:
Remember, always be suspicious if a company is using a Gmail or other free email account, and FCA authorised companies will never require you to pay a fee in order to receive your loan.
This case has been successfully reported to the FCA.
Funding Circle Loans is a clone company of FCA authorised Funding Circle Ltd, set up by criminals as a way of obtaining money.
Real Company Name: Funding Circle Ltd
Clone Company Name: Funding Circle Loans
Although Funding Circle Loans may sound very similar to Funding Circle Ltd, they are two very different companies. Funding Circle Ltd is the one of the largest peer-to-peer companies in the UK. They offer businesses unsecured loans of up to £1 million, using money from people who choose to invest their money into this platform. For a deeper understanding of how this works, read our peer to peer guide.
Funding Circle Loans, on the other hand, is a fake company owned by criminals. They are giving out the email addresses fundingloanplc@yahoo.com and fundingcircleplc@gmail.com and may be using other false details too. They’ve even set up a false website, http://fundingcircle.bravesites.com/, which appears very similar to the real one but with some fundamental changes. For example, say you want to invest in the company. You transfer a large sum of money, hoping for some decent returns, but the money ends up landing in their bank account, never to be seen again.
Scammers are posing as authorised credit broker Bee Loans to try and cheat victims out of their money.
Real Company Name: Bee Loans, a trading name of Munee Hut LLP
Clone Company Name: Bee Loans
Munee Hut LLP are an FCA authorised credit broker operating with the trading names of Moolr and Bee Loans. Citizens of the UK can apply via either website for loans of up to £5,000 with repayment terms of up to 5 years, and as a broker, Munee Hut LLP will try to get their application approved by a direct lender.
However, many people have been contacted by criminals pretending to be employees of Bee Loans, offering them a loan if they pay a fee. These criminals are hoping that enough victims will fall for the scam and pay the fee for them to make a tidy profit. Remember that no FCA authorised lender or broker should be asking for a fee in order for you to receive a loan.
They have been known to use this phone number:
This case has been successfully reported to the FCA.
If you’ve been contacted by a lender called Get Your Loans, stay away! It’s a scam!
Get Your Loans claim to be a child company of a legit company, while in fact, they are not. Their website, getyourloans.co.uk, looks genuine at first glance.
Fake Company Name: Get Your Loans
Get Your Loans claim to be a child company of a legit company, while in fact, they are not. Their website, getyourloans.co.uk, looks genuine at first glance.
Reading through the text will reveal some obvious errors, a clear warning signal, Furthermore, although they proclaim “We're a free licensed credit broker, not a lender.”, there is no reference to an FCA authorisation number anywhere on the site. Although this scam is already listed on the FCA’s website, their site is live at time of writing and the scam is still active.
The scammers have used the email address getyourloans.info@gmail.com as well as the following telephone numbers:
This case has been successfully reported to the FCA.
GetMyLoans offers access to instalment loans from £1,000 to £3,500 over up to 2 years.
However, please beware of scammers who have been impersonating GetMyLoans employees in an attempt to make some easy money. As always, you should never trust a company that claims to have approved you for a loan before you have even applied, and you should never pay an upfront fee of any kind before you receive a loan. In most cases, the scammers will just take your money and disappear, leaving you in an even worse situation than before.
The scammers are known to have been using the following details:
The FCA have reported this fraud on their website.
Here’s a new one - Bee Loans have been posing as individuals on social media to promote their loans!
Bee Loans is a broker who can try to help you find a loan of £100 up to £5,000. However, have they been using new, subtle tactics to advertise their business?
In one recent conversation on Facebook, a user asked if anyone knew where he could get a loan. Another user answered and recommended Bee Loans, and promoted the broker throughout their short conversation.
However, these users are actually working together to advertise Bee Loans. This fake conversation, occurring on several Facebook pages, is there to tell other UK citizens about Bee Loans by ‘demonstrating’ how simple and fast it is to obtain a loan. Bear in mind that short term loans should not be taken out unless the borrower has checked out all their options and has no alternative.
After finding out about this scheme, The Sun contacted the broker who have since paused this method of advertising. The Sun are reporting these ads to the FCA.
DWK Financial Home claim to be specialists on loan finance. What they don’t tell you is that they’re actually a scam.
David William Kettle is an FCA authorised individual, and a group of scammers have taken his name and registration and used it to create a loan website, dwkfinancialhome.loan.
The website itself offers some clues to it being a scam. For example:
While the FCA have reported this scam on their website, the DWK website is still up and running, and may attract victims.
It is always important to be on the lookout for details such as the ones listed above which indicate that you may be dealing with fraudsters.
Creditstar UK Limited has been cloned!
Creditstar is an online short term loans company offer loans of up to £300 for new customers or £700 for existing customers. Their official name is Creditstar UK Limited. Recently, a group of fraudsters have been calling people to offer them loans, claiming to be from Creditstar UK Limited. They can be very convincing and persuade people to give over their sensitive personal and financial details, as well as paying a fee to receive the loan. Once they’ve received the money, the scammers disappear and the loan never arrives.
These scammers have been known to be using the following numbers:
The FCA have reported about this scam on their website.
Applying with Active Cash UK is the same as applying with Active Cash, right? Wrong, actually.
Real company name: Mindflow Marketing Ltd, trading as Active Cash
Clone company name: Active Cash UK
Active Cash is a credit broker offering access to loans of up to £1,000. However, if you receive a cold phone call from them it is probably a scam. Claiming to be from Active Cash UK, scammers claim that you have already been approved for a loan, and just need to pay a small fee in order to receive it. Once you pay the fee, the loan never arrives and realisation sinks in that you’ve been scammed.
The fraudsters are known to be using the following details:
The FCA are aware of this scam.
Looking for a loan? Blue Sky Loans are the solution to your needs – or so they claim. It’s actually a scam!
Real company name: Ingard Financial Limited
Clone company name: First 4 London trading as Blue Sky Loans
Blue Sky Loans claim to be a reputable loan company, registered under Ingard Financial Limited. However, Ingard are a mortgage and bridging loan company with no connection to Blue Sky Loans.
They have been known to be using the following details:
This scam has been successfully reported to the FCA.
Loan for Tenant are a useful lender if you are a tenant trying to find a loan. The only problem is that they aren’t actually FCA- authorised – despite claiming to be.
Real company name: TFS Loans Limited
Clone company name: Loan for Tenant, a trading name of TFS Loans Limited
If you’re looking for a guarantor loan, TFS Loans Limited may be able to help you. They are authorised by the FCA and offer loans of up to £15,000 (although you have to be a homeowner for loans over £10,000).
Loan for Tenant is a fake company set up by fraudsters. In an attempt to gain credibility, they claim to be a trading name of the parent company TFS Loans Limited, which is a fully FCA-authorised firm. However, they should be avoided at all costs!
Loan for Tenant has been known to be using the following details:
The scam has been successfully reported to the FCA.
Fast Loan Credit of UK is a trading name of FCA-authorised company AvantCredit of UK – actually, it isn’t.
Real Company Name: AvantCredit of UK, LLC trading as AvantCredit
Clone Company Name: Fast Loan Credit of UK, LLC trading as Fast Loan Credit
AvantCredit is a personal loan company offering loans of £1,000 up to £20,000. They are authorised by the FCA and have developed a good reputation, which a group of fraudsters are trying to take advantage of.
They’ve set up a company called Fast Loan Credit, claiming to be a trading name of LLC. The problem is that by applying with them, not only will you be passing over your sensitive personal and financial details, but you will often be asked to pay an administration fee in order to receive your loan. Scammers have already raked in thousands of pounds using this tactic, and the victim never receives their loan.
They have been known to be using the following contact details:
This scam was successfully reported to the FCA.
Loantra are a credit broker who can help you find a short term loan or a personal loan. But they’ve been cloned!
Real company name: Serpable Ltd, trading as Loantra
Clone company name: Loantra
If you need a short term loan of up to £995, or a personal loan of up to £25,000, you may choose to apply with Loantra. They are an authorised credit broker who will do their best to find a lender to fund your loan.
However, if someone has approached you via phone or email claiming to be from Loantra, be careful! It is most likely a fraud, and they will ask you for upfront fees then make off with the cash – and your details!
They have been known to be using the following details:
The FCA are aware of this scam and have reported it on their website.
Need help with your retirement planning? Mortgage? What about a payday loan? Beware of the scams!
Real company name: Base Financial Ltd
Clone company name: Base Finance
Base Financial Ltd are a registered firm that can help you with pensions, mortgages and other investments. They don’t offer payday loans – but Base Finance does! This is really just a group of scammers who have set up a website called basefinance.win, featured in the image above. They are hoping that you’ve heard of Base Financial Ltd so you’ll assume that they are an authentic company, and will apply with them without checking them out.
Not only will the victim be handing over their sensitive personal and financial details, but they may also be asked to pay a fee upfront before receiving their loan. Scammers have successfully made thousands of pounds using this technique on unsuspecting individuals.
This scam has been known to be using the following contact details:
The FCA know about this scam, but the website is still open and attracting victims.
Moneyfall is an authorised credit broker - but waatch out for imposters!
The real company name is Serpable Ltd, trading as Moneyfall to help UK citizens find the loans they need. However, scammers have recently been contacting people, pretending to be employees of Moneyfall. They then trick their victims into paying a fee upfront in order to receive a loan that they have been pre-approved for. The victim hands over their personal details and pays the fee, but their loan never materialises.
The fraudsters have been known to use the following contact details:
This scam has been successfully reported to the FCA.
Looking for a Fast Loan UK? Or a Fast UK Loan? One’s real and one’s a scam – don’t get caught out!
Real company name: JDB Enterprise Group Ltd, trading as Fast Loan UK
Clone company name: Fast UK Loan
Fast Loan UK is an authorised lender offering small loans of up to £1,000. Their website is fastloanuk.co.uk. Scammers recently set up their own company and called it Fast UK Loan, with a website to match: fastukloan.co.uk.
See the sneaky switch? By making a small and subtle change to the website’s name, scammers successfully misled customer into applying with them, entering their private details, and paying a fee in order to receive their loan.
The fraudsters have been known to be using the following contact details:
The FCA have reported this clone company on their website.
My Quick Loan, My Personal Loan – or My Scam Loan? While both my-personalloan.com and my-quickloan.com are indeed registered on the FCA’s website, their “employees” who call you to offer a loan, are not.
Real company name: McCrory Finances Ltd, trading as my-personalloan.com and my-quickloan.com
Clone company name: My-personalloan and My-quickloan
As an Introducer to Quint Group, McCrory Finances Ltd offer access to a panel of lenders through their two websites, my-quickloan.com and my-personalloan.com. Recently, however, customers of both these sites have been targeted by fraudsters.
Scammers are calling or emailing people claiming to be employees of one of these sites, explaining that they have been pre-approved for a loan. To receive it, they have to pay a small charge – often £20 - £100, but sometimes more. Once the unsuspecting victim pays, the scammer makes off with the money and leaves them waiting for a loan that never arrives.
My-quickloan scammers are known to be using the following details:
My-personalloan scammers are known to be using the following details:
Both scams are reported on the FCA’s website.
Have you been contacted by Easy Daily Loans? Beware – it may be a scam!
Real company name: Fire Media Interactive Limited, trading as Easy Daily Loans
Clone company name: Easy Daily Loans
As a credit broker, Easy Daily Loans may be able to help you obtain a loan by submitting your application to several different lenders. They are registered with the FCA, so you know you’re safe with them. Or are you?
Criminals have been contacting people by phone and email, claiming to be from Easy Daily Loans. They dupe people into paying money to receive a loan, and then make off with the cash. Stay safe! Remember, payday lenders should not be contacting you to offer a loan.
The fraudsters are known to be using the following contact details:
This case has been successfully reported to the FCA.
It is thought that a criminals operate www.neofinance.loan. They have specifically chosen a domain that is very similar to a legitimate company called Neo Finance Limited to trick borrowers into trusting them.
The website is clearly not authorised by the FCA as there is no FCA authorisation number showing anywhere on the website. Another telltale sign is that there is no address or telephone number. The website asks customers to hand over their bank details and debit card details, including security code, to apply.
The FCA have a released a statement confirming:
“This firm is not authorised by us and is targeting people in the UK.”
Fraudsters are claiming to be from FCA authorised firm GB Loan, in an attempt to earn money from unsuspecting individuals.
Real Company Name: GB Loan, trading name of Pervasive Web Solutions.
Clone Company Name: Great Britain loans PVT loan Limited
GB Loan is a trading name of FCA authorised firm Pervasive Web Solutions. They are a payday loan broker based in Uxbridge, Middlesex, and their website is www.gbloan.co.uk. The scam claims to be calling from Great Britain Loans, giving out real details such as the same website and an almost identical address. However, the contact details are different.
If you were called from or told to call one of the following numbers, it is a scam!
They are also using the following email address: loanapprovalcustomerhelpline@gmail.com. As a rule, always be suspicious when you see a business using Gmail or other free email accounts.
The scammers are hoping you will pay the application fees, origination fees, transfer fees and anything else they can think of in order to receive your loan. However, they have no intention of giving you any money whatsoever.
This case has been successfully reported to the FCA.
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Loan scammers may cold-call you or may send you unsolicited emails. In most instances, they will impersonate a legitimate company in order for the scam to seem more realistic.
Warning signs of loan scams on the phone:
If you are suspicious, do not go ahead with the call! Say you will call back, and look up the real number for that lender online. If you have caller ID, enter the number they called you from on this phone number checker to see if anyone has reported it as a scam.
When you go onto a lender's website, how can you know if it is a scam?
Warning signs of loan scams online:
However, sometimes a website will look the same as a real one. Scammers sometimes set up clone websites that are an exact copy of an actual lender's site, often with only minute differences in the URL and contact details. It can be nearly impossible to discover that it's a fake.
That's why we recommend checking this fraud centre every time you want to take out a loan, as we will list every case of a cloned loan company that we hear of. You can also sign up to receive email alerts about every new loan scam we hear about. Bookmark this page now for easy reference and empower yourself to avoid becoming a victim of these cloning scams.
Our experts are happy to look into the matter for you to prevent you from becoming another victim of loan fraud. We aim to help everyone in the UK, which is why we are offering this service for free to everyone who needs it, not just our customers. Call us free on 0800-470-1076 or fill out the form below and we’ll get back to you right away.
If you have identified a loan scam, don’t just leave it and move on. Spread the word! Just fill out the form below and leave the rest to us. We’ll publicise it and tell as many people as possible. Let’s put those scammers out of business!