Warning to keep personal details safe in shared communal mail areas
Experian has said it is important that people who live in flats with shared communal mail areas should consider how their post is stored to prevent post being intercepted. Fraudsters steal personal details to apply for bank accounts, cards and loans.
British Gas scam
Customers of British Gas are being targeted by a spoof email pretending to be from British Gas telling them they are owed refunds. The emails, using the same font and logo as British Gas, include a link to “access your account” directing customers to a fraudulent site where the fraudsters ask for sensitive information.
Cost of Authorised Push Payment Scams
Figures released by UK Finance show scammers defrauded people out of £208 million through authorised push payment (cash is transferred directly to the fraudster) in the first half of this year, just over £1million a day. The total included £147 million from personal accounts and £61 million from businesses. Investment scams accounted for the biggest personal account losses at £41 million. Two thirds of cases were payments up front for goods that were never received them. Romance scam cases defrauded £7.9 million from victims.
Compensation claims against Wonga
Administrators for Wonga, following its collapse in August 2018, have announced that 389,621 eligible claims for compensation have been received since the company’s collapse. However, the scale of the sale of unaffordable loans seems to have been underestimated. According to regulator rules, a payday loan is unaffordable if you could only repay it by getting behind with other debts and bills or by borrowing more
Ex-customers have until the end of Monday to make a claim for historic mis-sold loans. Administrators hope to make compensation payouts by the end of January but they have warned that claimants will not be paid out in full, as those entitled to payouts are among a number of creditors to receive a cut of the assets of the collapsed lender.
Cost of caring for someone with dementia
A report commissioned by The Alzheimer’s Society and carried out by the Centre for Economics and Business Research has found that more than 110,000 people have left their jobs to care for relatives with dementia, costing firms £3.2 billion this year. A further 147,000 people have had to reduce their hours or seen their work affected as a result of their caring responsibility at a cost of £654.9 million. Carers can be left stressed and ill with their output at work suffering.
Scale of bank branch closures
Research by Which? reports that more than a third of bank branches have closed in the past 5 years. Natwest has closed nearly half of its network.
Britons are spending more on a night out than at any point in the last three years, a survey suggests.
Club and bar chain Deltic found the average person spent £70.69 on a night out in the three months to September. This is an increase of 25% on the same period last year and the highest since October 2016 when the survey began. However those who participated in the survey said they are budgeting more carefully when they go out. Deltic surveyed 2,300 people about all sorts of nights out, including trips to the cinema, restaurants, pubs and nightclubs.