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Barclays urges Britons to be vigilant as fraudsters ‘take advantage’ of cost of living | Personal Finance | Finance

Loan Scams

Barclays urges Britons to be vigilant as fraudsters ‘take advantage’ of cost of living | Personal Finance | Finance

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Barclays also warned Britons be vigilant around offers that appear too good to be true. They urged people using online shopping go directly to reputable discount websites or to the retailer.

Another cautionary note was issued for people looking for loans as scammers have reportedly set up fake websites with low interest rates. 

Usually these sites will claim that customers need to pay an admin fee before any money can be released, Barclays highlighted: “This will be a scam”.

They also advised Britons check if the company is fully regulated by the FCA, which can be checked on the FCA website.

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