Debt Collection Scam
More than 5,000 people have been receiving letters lately from debt collection agencies about defaulted loans with a company called MCO Capital, reports This Is Money. But these people never took out these loans!
The government’s Action Fraud Agency says that these people can contact them on 0300 123 2040 for advice. It adds that it’s a good idea for everyone to check with credit reference agencies to see if fraudulent loan applications have been taken out in their names.