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Loan comparison site cloned


FCA

The Financial Conduct Authority (FCA) has issued a warning over a cloned loan comparison site.

FCA-authorised Media Ingenuity – which trades as TotallyMoney.com from its headquarters in Old Street, London – enables consumers to compare credit cards, homeowner loans and mortgages.

However, the regulator has now warned that the firm has been targeted by fraudsters who are operating under the name Totally Money.

The clone firm has been contacting potential victims via the telephone number 0330 808 4809. 

TotallyMoney.com has no affiliation with the fake business.

In a statement, the FCA said: “This firm is not authorised or registered by us, but has been targeting people in the UK, claiming to be an authorised firm.

“This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called.”

The FCA advises consumers to only deal with financial firms that are listed on either the Financial Services Register or the Interim Permission Register.

Any firm which does not appear on the register, but claims it does, should be reported to the FCA’s consumer helpline on 0800 111 6768.





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