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FCA targets unauthorised loan provider


FCA

The Financial Conduct Authority (FCA) has issued a warning over an unauthorised personal loans provider that is believed to be targeting people in the UK.

Jazz Loans claims to be the fastest-growing, short-term loan provider in Greater Manchester, offering doorstep loans of up to £2,000 for repeat customers and employing 100 members of staff.

However, the FCA has now urged customers to be wary of dealing with the company after revealing that it believed it was carrying on regulated activities without authorisation.

In a statement, the regulator said: “We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. 

“You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme if things go wrong.”

Jazz Loans has been operating via contact@jazzonthehill.co.uk and http://www.jazzonthehill.co.uk/.

If you think you have been approached by an unauthorised firm or contacted about a scam, you should contact the FCA’s consumer helpline on 0800 111 6768.





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