Peer-to-Peer Lending Scams
The Financial Conduct Authority – the UK body that regulates financial companies – has issued a warning that scammers are now operating in peer-to-peer.
It writes, in its usually over-cautious way, that it “believes” that a company calling itself “Zopa Loans Reviews” is pretending to be the real P2P lending company “Zopa” and attempting to take money off individuals like you and me.
Watch out for peer-to-peer lending scams
You should always be careful when getting emails to ensure that they're really from who they say they are, or when clicking through links on discussion boards or in comments underneath articles on the internet.
If in any doubt, type the company you want into google. You can expect the real P2P lending company to be one of the highest placed links. Or you could go through links on 4thWay®*
The regulator and police generally do little directly to prevent scams other than trying to educate people, and usually they have little power to recover your money after the event. There is no government-funded compensation scheme for scam victims.
You could read a Citizens Advice article Top Tips To Avoid Online Scams.
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