Beware of financial scams and fraudsters

August 5, 2013

According to the most recent Fraud Barometer from professional services firm KPMG, fraudulent behaviour in Scotland rose by 61% from January to July 2013, compared with last year’s figures. Ken Milliken, forensic partner at KPMG in Scotland, said: “Con artists remain the order of the day, with several high profile cases highlighting that employees are still quite happy to risk all to increase their bank balances.”

Since the recession hit, an increasing number of people found their finances beginning to spiral out of control. Dealing with debt can be an extremely stressful time, and debtors often become vulnerable to online scams and hoax phone calls, promising tempting answers to their debt worries.

Whether it’s scam debt advice offering to write off your debt, or a counterfeit lottery win, it’s important to check the validity of the company and never give out any person details unless you’re certain they’re legitimate. It’s important to remember that scam artists are very convincing and persuasive, so it’s always best to get professional advice before agreeing to anything.

Our knowledgeable team at Scotland Debt Solutions will be happy to offer you advice on any financial offers you’ve received and guide you on your next steps.

If you think you may have fallen victim to a recent scam, it’s important to get professional advice immediately. If you’ve revealed your bank details, be sure to contact your bank straightaway and stop all future payments.

In May this year, Citizens Advice Scotland held a UK-wide campaign to highlight the increasing problem of scammers and fraudsters with their ‘Scams Awareness Month’. Whilst working on this campaign, CAB revealed only 5% of people who fall victim to scams report the problem. Ensuring you report the issue to the police, your local Citizens Advice Bureau or the Financial Conduct Authority can prevent any further fraud which could affect others.

So if you’re worried that your debts have led to you becoming a victim of a scam, or you’re simply in need of professional debt help, why not contact Scotland Debt Solutions today for further advice on what to do next.

John Baird

Insolvency Adviser

Tel: 0800 063 9250

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