Liverpool people are being warned over a scam in which they are asked to pay advance fees before a loan is released.
They are asked to pay by UKASH vouchers to release a loan they have been promised in an unsolicited phone call by a company called Cash Saga. The company will often recontact the consumer and ask for further money before releasing the loan money
Liverpool Trading Standards, who have received a number of complaints from people who have lost money, are not aware of anyone receiving the loan after making these payments and are warning people not to fall for this scam.
John McHale, head of Trading Standards, said: “No genuine loan company will ask you to send money in advance to secure or release a loan. If you are asked to send such fees then simply refuse to do so. If you do you will not see your money again.
“While this scam is being operated by Cash Saga, you should be aware that scammers often operate under a number of different names and the same advice applies to whatever the company is called.”
Trading Standards have issued the following advice: