LOAN experts have warned drivers about a terrifying scam that’s costing motorists £100s.
Personal loans remain an extremely popular way for people to buy used cars in Britain, putting motorists at risk.
Experts at Little-Loans.com have also analysed data to determine the individuals most likely to be targeted by scammers.
Scammers are pretending to be representatives of legitimate loan lenders and credit brokers to fool unsuspecting drivers.
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They usually make customers believe they are representatives from Little Loans. com or CashFlex.co.uk to scam Brits out of money.
Having analysed data from May to August 2022, Little-Loans.com discovered that more than half of the victims were female.
Digging deeper, most of the victims rented accommodation but had full-time jobs.
Some 39% of the people scammed were living in rented houses, 23% were council tenants and 19% were living with their…
