Urgently Need Cash? Don't Fall for Fake Credit Scams
In light of recent warnings from the Financial Services and Markets Authority (FSMA), it's vital to recognize the signs of unauthorized lenders who are offering fake credit to consumers.
Scammers will try and take advantage, especially in your most vulnerable moments. Thus, when you are looking for credit, watch out for fake credit scams that are quickly becoming rampant.
Modus Operandi of Fraudulent Lenders
These crafty crooks aren't shy about their hustle. They slide into your DMs with unsolicited offers via email or social media, flashing promises of easy money like a sleazy salesman at a used car lot. And in today's economic climate, where everyone's hunting for a financial lifeline, these charlatans have a field day.
Have you ever heard of identity theft? These scammers step up their game by pretending to be legitimate lenders or credit intermediaries, sometimes even stealing well-known logos and names. This is what is known as ‘cloned firm’ fraud. They offer tempting loan terms, promising large amounts at very low rates, with no catches attached.
The FSMA therefore strongly advises not to take up such credit offers.
The illegally operating companies against which the FSMA warns the public are as follows:
- As-Admino (https://asadmino.be/)
- BFICI (https://bfici.com/index.php)
- Bsi-Credit (https://bsi-credt.com/)
- Capital Infusion / Capital Infusion LLC (https://www.capital-infusion.com/)
- CashPay (https://cash-credit.fr/)
- Cea Credits (https://cea-credits.ch/)
- Creditpont (https://www.creditpont.com/)
- Dalaxy Service (dalaxyservice.com)
- De lening voor iedereen Group (https://de-lening-voor-iedereen.com/)
- EGS Union (https://egs-union.com)
- E-Loan Sodex (https://e-loansodex.com/)
- Erinter-Service (https://erinter-service.com/)
- Euro Finanz Welt (https://www.eurofinanzwelt.com)
- Fiinz Snelle Financiering (www.fiinz-snelle-financiering.fr)
- Get Finance (https://getfinanceltd.com/)
- Gilvesty-Service / Gilvesty-Services (https://gilvesty-service.com/)
- Globaluni Bank / Worldbank Kredit (https://globalunibnk.com/)
- Goldservices-Bk / Golden Bank Services (https://goldenservices-bk.com/)
- Harc Union Credit (https://www.harc-unioncredit.com/)
- Hpinvest Finance (https://hpinvestfinance.com/)
- Innovate (https://beste-und.com/)
- Kredit Official (https://kreditofficial.com/)
- Kymco/ Kymco Services (https://kymco-services.com/)
- Legal Compagny (https://legal-compagny.com/)
- Lenen Direct / Lenen Direct Bank (https://lenendirect.com/)
- Mavetixcompass (https://mavetixcompass.com/)
- Myrx Services (https://myrx-service.com/)
- NM Venture Kapital (https://nm-venture-kapital.com/fr/index.html)
- Only-Finance (https://only-finance.com/)
- Ooreka Inter (https://oorekainter.com/)
- Opunilo (https://www.opunilo.com/)
- Perfecte Krediet (https://www.perfectekrediet.nl/)
- Pluskredi (https://pluskredi.com/)
- Privaatfund (https://www.privaatfund.nl/)
- Record Finance (https://record-finance.com/)
- Rocket-Money (https://rocket-money.ch)
- Saberis Credit Group / Saberis Kredit (https://saberiskredit-group.com/)
- Sarpaas / Ensar (https://sarpaas.com/)
- Snelle Online Lening (https://snelle-online-lening.com/)
- Snelle-Lening Group (https://snelle-lening.net/)
- Solidariteit Krediet / Solidariteit Kreidiet (https://solidariteit-krediet.nl/)
- Solunex Finances (solunex-finances.com)
- SoxyGroup (https://www.soxygroug.com/)
- Torfsgroups (http://torfsgroups.com/)
- Tresorerie Express (https://tresorerie-express.com/)
- Vergas finance / Vergas finance Credit (https://vergasfinan-bnk.com)
- Witler Finance Groups (https://witlerfinancegroups.com/)
FMSA Recommendations on How to Avoid Credit Scams
With the ever-increasing threat of credit scams, the Financial Services and Markets Authority recommends the following tips;
Keep an Eye Out for Unexpected Credit Offers
If a credit offer lands in your inbox out of the blue, it's time to approach with caution.
Don't Fall for Unrealistic Loan Terms
Be wary of loan offers that sound too good to be true. Remember, financial miracles are rare.
Stay Skeptical of Upfront Payment Requests
If a lender asks for money upfront, it's like buying a ticket to a mystery show without knowing the plot – proceed with caution.
Verify the Lender's Credentials
Before committing to any loan, double-check the lender's legitimacy. It's like doing a background check on a potential roommate.
Research Online, But Trust Your Instincts
Take a quick online search to see if there are any red flags. And if something feels off, trust your gut – it's rarely wrong.
With these more understated yet practical tips, you'll be equipped to navigate the world of credit offers with confidence and caution.
Bottom Line: Time for Caution
More than ever, prudence is necessary. In case of any doubt, and before making any (more) payments, do not hesitate to contact the FSMA directly using the consumer contact form on their website. You can also reach out to ScamAdviser here. As well, please feel free to notify the FSMA of any contact with a suspicious company that has not yet been the subject of a warning by the FSMA.
This article is published in collaboration with The Financial Services and Markets Authority
Image source: Unsplash.com
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