Every now and then the media circulates information about the sad story of someone who learned about debts in his name only when he applied for a loan or, worse, a bailiff knocked on his door. Activities involving the extortion of credit or loans are nothing new, although with the growth of the online loans industry, the profile of the “average” fraudster and the procedure of taking loans has changed. What to do when you fell victim to a scam?
For data from theft of evidence is minimal for online loans – loan institutions use a number of technical and formal safeguards. Even if you assume that the fraudsters already have all the data necessary to complete the loan application, they still do not meet all the conditions to obtain a loan. They must go through the identity verification process:
The verification will be successful if the data from the bank account match the data provided in the application. It follows that, in addition to the identity card, the fraudster must have access to the bank account of the owner of the ID card or an illegally established account in his name.
Usually access to the victim’s account is obtained through phishing, i.e. impersonating the appropriate bank in the email and under the pretext of updating data, taking over the login and password for electronic banking. Account creation is done illegally by forcing a foreign person to send fraudsters an ID card scan and a small amount transfer, supposedly to confirm their identity.
This procedure is most often under the cover of CV applications in the recruitment process. The snag is that the verification transfer is not needed to confirm the identity, but to set up another account in your name. Then it is easier to get a loan online, especially since the fraudster usually gives a different mailing address and the victim learns about the loan only when he has a payment order in his hands.
The latter method is less and less common, because nowadays almost all loan companies check whether the telephone number used in the loan application is registered in the name given in the application.
As for the bank loan, extortion is often done by gaining access to a given bank’s mobile application and by changing the approval number of all operations.
Unfortunately, the majority of extorted loans are loans concluded in writing at stationary points or by courier. It’s hard to talk about deceiving a company employee or working with him – there were even such cases.
However, this is convenient, since fraudsters do not have to have access to the bank account of the person whose name will appear on the contract. Also in this way, the victim of a scam will not soon find out about the existence of such a loan and can realize only when it is too late.
The “borrower” usually finds out about the existence of the loan when he receives an order for payment from an e-court, which is already sent to the registered address, and not to the address provided for correspondence with the loan company. What to do in this case? Certainly, it is not worth to refrain from acting in accordance with the principle “since it was not me who took the loan, I do not have to pay it back”.
At the very beginning, it is definitely worth seeking advice from a lawyer and immediately reporting to the police suspected of committing a crime and to reserve your ID card. These are key steps at least in part to prevent immediate debt enforcement. After that, you should contact the lending company, and preferably write an appropriate explanatory letter with attached evidence (in this case, confirmation of the report to the police). However, you should not expect the loan company to give up its claim.