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Organised crime gangs are targeting Britain's payday lenders
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5corpio started a blog post Organised crime gangs are targeting Britain's payday lendersOrganised crime gangs are targeting Britain's payday lenders
Organised crime gangs are targeting Britain’s payday lenders, according to fraud experts, who have reported a massive increase in offences against the controversial easy-loan firms. Figures from fraud prevention service CIFAS show that cases of identity fraud against loans rose more than 90 per cent in the first eight months of this year to 13,633 attempts, compared with 7,104 for the whole of 2012.A CIFAS spokesman said: ‘In the past 24 months payday lenders have gone from being virtually invisible to everyone knowing about them and demand for this form of finance is rising. ‘This change in the marketplace has been reflected in an increase in organised-crime fraudsters looking at payday lending and recognising it as a potential source of easy money.’...............Read more hereTags: None
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