Fraudsters target new mobile phone users
Credit card details used to sign up for 'insurance'
By UK CreditCards.com
Consumers have been told to be wary of fraudsters claiming to sell mobile phone insurance.
Trading Standards has launched an investigation following complaints from consumers who bought poor quality or invalid cover with their credit cards over the phone.
Victims are being called shortly after buying a new mobile by people purporting to be from reputable phone outlets, offering cheap insurance. The callers then ask for credit card or bank details and charge the account for the insurance.
Trading Standards believes that the criminals buy new phones and then dial numbers similar to their own, in the hope of finding someone who has just bought a phone.
While most of the complaints have involved people buying low-quality insurance, Trading Standards is also fearful that the credit card details could be used for further fraudulent purposes.
A number of companies in Swansea are currently being investigated as part of Trading Standards efforts to stamp out the practice.
Published: 23 March 2009
- Industry responds to FCA's proposal on persistent credit card debt – Here's what industry experts have to say about the FCA's proposal to help credit card consumers in "consistent debt" ...
- Open banking FAQs answered – What is the new "open banking" initiative, how will it work and how will it benefit you? ...
- FAQs on FCA proposal for helping consumers with persistent credit card debt – The FCA is suggesting new rules for credit card companies to help those with "persistent debt". Here's what you need to know ...