Payday loan scam warning as ‘devastated’ man falls victim to £ 14,000 social media fraud

A West Midlands man has been devastated after being scammed for loans on social media.

He was contacted by someone claiming to be a young woman in the United States whose parents had died when she was young.

She told him that she was to receive an important inheritance and that her grandmother was sick and had difficulty buying food due to medical bills.

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But the scammer used the personal information the man had previously given him to apply online for two loans in his name from two different payday loan companies.

The money was transferred to his HSBC account and amounted to £ 14,000.

The client initially did not realize that the money was coming from loans. He was led to believe that this was part of the inheritance and that she needed him to distribute it to multiple accounts since she did not have a bank account.

But when he got letters from the loan companies, he realized he had been duped.

He visited his local HSBC UK branch and the scams team were able to identify the payments and issue a refund.

He said: “Looking back now, I can’t believe how easy it was for her to take advantage of me – I didn’t know she was cheating on me into giving out my personal information so that she could get it. money.

“Once I found out about loans I was devastated, I’ve always been so good with money.

“I was panicking about how I was going to repay the loans and explain the situation to my family.”

He said HSBC staff were calm and helpful, adding: “I have now closed my social media account because I don’t want to relate to anyone else this way.

“It’s going to take a long time for me to get over this and be able to trust anyone again. “

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