DETECTIVES are urging the public to remain vigilant to payday loan scams as offenders take on a false company identity.
The Nation Fraud Intelligence Bureau (NFIB) have release a report stating how fraudsters are targeting potential victims claiming to be from a genuine loan company.
The offender will offer the victim a high interest loan and mirror the demands from loan brokers for an advance fee, adding to the legitimacy of the scam.
The victim is advised that once they have sent the payment through, they will then receive their loans.
Once they make the payment they do not see any of the cash promised by the fraudster. Nigel Lidsey, South Derbyshire section inspector for Derbyshire Police, said: “Remaining vigilant is important but there are simple steps that we can all take to stay safe online.”