The Financial Conduct Authority (FCA) has issued a fresh warning to the public amid a rise in scams targeting motorists. Fraudsters are contacting individuals across the UK, claiming to be car finance lenders and offering fake compensation payments. These scammers use convincing tactics to trick victims into providing personal and financial information, which can lead to identity theft and financial loss.
The FCA urges anyone approached with unsolicited offers related to car finance compensation to exercise extreme caution. Legitimate companies will never ask for sensitive details over the phone or pressure you into making immediate payments. If you receive such a call, do not share your information and report the incident immediately to the FCA and Action Fraud.
To protect yourself, always verify the identity of the caller through official channels before engaging. Stay vigilant and help spread the word to protect friends and family from falling victim to these scams.