Loan scam warning

The public are reminded to be on their guard should they receive unsolicited telephone calls from persons offering loans or other financial products.

In a recent incident in Montrose, a local resident was offered a loan, however, as part of the setting up procedure they were instructed to make an advanced payment via a Pay Point machine which was to act as a ‘release fee’.

The unsuspecting person did so but no loan was forthcoming and they are now out of pocket by a considerable sum of money.

It is highlighted that no reputable loan will ask for any form of payment up front and should any request of this nature be made no payment should be agreed and the call should be terminated.