FCA warns of new instant cash clones

The Financial Conduct Authority is calling on consumers to remain vigilant for fraudsters offering instant cash loans. After previously warning of an increase in unscrupulous scammers preying on unsuspecting victims during the pandemic, they are reporting that Monva Ltd is the latest firm to be targeted by such clone firm fraudsters.

What is a clone firm?

The FCA says: “fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) we have given the authorised firm or other details.”

Fraudulent details provided by clones

Name: Same Day Cash Loan Limited / Same Day Finance Limited / Same Day UK Limited / Instaloan Ltd

Address: 5 New St Square, London EC4A 3TW; 55 King Street, Manchester, M2 4LQ

Telephone: 02032898474, 01618186124, 01244940213

Email: unsecuredandsecuredloans@gmail.com, uklenderteam@gmail.com, customerserviceloandepartment@gmail.com, loanforbadcreditcustomer@gmail.com, Samanthawoodcock1990@gmail.com

FCA authorised firm details for Monva Ltd

Name: Monva Ltd trading as www.instaloans.co.uk and www.samedaycashloan.co.uk

Firm Reference Number: 813954

Address: 11-13 Rhosddu Road, Wrexham, LL11 1AT

Telephone: 01244455144

Email: stuart.wakefield@monva.co.uk

Website: www.monva.co.uk

Click here to read the original FCA warning for Same Day Cash Loan Limited

Click here to read the original FCA warning for Instaloan Ltd

If you think you may have been contacted by a clone firm, please report it to the FCA  https://www.fca.org.uk/contact

Post by Editor