Read this article explaining how the huge increase in benefit applications may lead to increased undetected fraud.
The government is urged to crack down on pension fraud in this article.
Martin Lewis has some advice on detecting the signs of a scam in this article.
The HMRC have issued advice to help prevent people being scammed. It appears that scammers are increasingly targeting the services offered by HMRC, see this article for further information. And take great care when asked to give out confidential information by email or phone, if in doubt, hang up and contact the HMRC directly to confirm that the request is genuine.
News of yet another scam, this time with Monzo accounts – but it could also apply to lots of other accounts. Read this article for the full details. And remember, if you get a phone call asking you for account details, hang up and, if you have any suspicions, call the organisation direct.
From BBC News, July 11th 2019 Fraudsters are using social media to promote a scam exploiting loopholes in the welfare benefit Universal Credit. BBC News has found Facebook, Instagram and Snapchat pages plugging the scam, which can leave victims owing hundreds. Separately, the BBC has been told that the homeless, drug users and even jobless […]
From The Guardian, 9th of July 2019 (Edited) After the reveal of a new Universal Credit advance loans scam hitting benefit claimants that is estimated to have cost the taxpayer £20m, the National Audit Office (NAO) revealed that benefit fraud was at its highest level for a decade, driven mainly by universal credit. Although ministers […]
In the last few days, a BBC News investigation revealed the existence of a multimillion pound scam affecting Universal Credit claimants across the UK, where criminals have taken out advance loans online to withdraw money in the name of legitmate claimants under false pretences. Here at CPCU, we want to keep your money safe whether […]
To match the recent tropical weather, Plymouth was recently plagued by a wild loan shark which terrified passers-by! The shark made its way from Moments Cafe, around down to the market, and then back up to the fountain, before being coralled and brought down to the Frankfurt Gate branch of City of Plymouth Credit Union, […]
We’ve been hearing a lot about Loan Sharks operating in Devon and Cornwall recently. This is by way of a roundup of articles we’ve found to be of interest. Click above for all the details.