The National Credit Regulator (NCR) has recently warned consumers against fake credit providers offering loan scams.
“These scams typically target those who are in distressed financial circumstances and looking for a loan, using slogans such as “blacklisted” or “debt review clients welcome”, Jacqueline Peters, Manager: Investigations and Enforcement at the NCR explains.
According to Peters the increase in these types of scams comes at a time when credit approvals have decreased and consumers are finding themselves to be financially stretched.
In a media release she provides consumers with general advice to avoid scams – a quick and valuable download for your clients.
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