Many of the scams involved money transfers from people's banks, or what is known as advance fee fraud, when people are duped into paying in advance for something, which turns out to be a scam. In fact 39% of people who lost money to a scam over the past year did so through one of these two crimes. Sometime people lose large amounts, too - 7% of those who reported being scammed lost more than £4,000.
The scams involving an up-front fee are usually done by clever means of leading people to believe they are either entitled to an inheritance, donating to charity or helping release funds from a corrupt country. A survey for the OFT found the realistic nature of the scams was the top reason for people falling for them. So it's very important to recognise these warning signs, and not send bank details or money to anyone you don't know, however plausible they might sound.
In addition, there are all sorts of different scams that dupe people into handing over their bank or credit card details. However, there is something consumers can do to check their personal details and bank details are safe, which is to obtain a copy of their credit report from High Credit Score.
High Credit Score is an online membership programme which provides people with the tools they need to access and monitor their financial and credit information. This includes allowing them direct access to their credit report provided by one of the UK’s leading credit reference agencies, Callcredit Limited.
With access to their credit report, as often as they wish, anyone can use it as a tool to monitor identity theft. It shows any credit, accounts or benefits applied for in their name. Any new activity on a credit report will trigger an alert. This might be something as simple as when a credit card statement is paid off, but if someone sees any unauthorised activity on their report, they can react immediately, and notify all of the relevant authorities and companies.
All the details of membership and what is available when you join are available at http://www.highcreditscore.co.uk - and a member can see, for instance, what their credit score is, and if there any penalties against them for late credit payments.
High Credit Score will also provide access to Callcredit’s fraud team service who can assist anyone who is unfortunate enough to have their identity and bank details stolen. A Callcredit fraud team works closely with the member in question to understand what crime has been committed, and what area of their identity it has affected, and then helps ensure their credit rating is returned to its rightful status.
If you would like to learn more about credit reports please visit http://www.highcreditscore.co.uk