GARDAÍ in Limerick advises not to be tempted by online loans that promise fantastic interest rates.
Henry Street Garda Station crime prevention officer Sgt. Ber Leetch recommends applying for a loan only from a reputable financial institution, as they would never charge a loan fee.
“Be very suspicious if the loan offer has a deadline. Scammers often create a sense of urgency and people may not take the time to check details.
A woman from Castletroy told Gardaí that she had applied for a €1,000 loan through an online company. She received a call that she had to pay a deposit of €195 and to date had not received the loansaid Sgt. Leetch.