Lloyds Bank has issued an urgent warning as the rate of 'advance fee' scams surged over the past 12 months.
Victims of the scam are often asked to pay an upfront fee for goods or services that they never actually receive. Common things a victim could be asked to pay for include a loan, a rental property, or sometimes even a new job.
With the rising cost of living continuing to affect Brits, many financially vulnerable people are being targeted by loan fee scams. According to the bank, reported cases have soared by 82 per cent over the last year and are continuing to increase.
