Loan fraud can involve a variety of scenarios, and for individuals the consequences can be devastating.
Anyone can be a victim of loan fraud.
There’s one golden rule: if something sounds too good to be true, it probably is. Keep this in mind when you’re looking for a loan. You might think you’ll never get caught out by scammers, but it’s still better to be cautious.
How to protect yourself from fraud at: https://www.comparethemarket.com/loans/content/avoiding-loan-fraud/