0405 251 254: Scam - Impersonating Low Rate Finance for Fake Loans

• Scam

The number 0405 251 254 has been reported as a scam related to fake loan offers from a stolen corporate identity. Learn how to recognise and handle calls from this number to protect yourself from fraud.

Understanding the Scam Behind 0405 251 254

The infamous number 0405 251 254 / 0405251254 has raised red flags among Aussie users, with reports threading a familiar narrative of deception and trickery. This number is classified as a scam, specifically targeting unsuspecting individuals by masquerading as a legitimate loan provider, namely Low Rate Finance.

Details of the Scam

According to user experiences, this number has been linked to scams that promise small loans under the guise of a reputable finance company. The methodology involves initially reaching out to potential victims with offers that seem too good to be true—rather typical in the realm of financial scams. Victims are often told that they need to pay for insurance or fees upfront, only to find that the operator vanishes after the payment is made.

How to Handle Calls from This Number

If you receive a call from 0405 251 254 / 0405251254, it’s important to remain vigilant. Here are some steps to consider:

• Do Not Engage: If you suspect the call is a scam, it’s best not to engage with the caller.
• Verify the Caller: If they claim to be from Low Rate Finance or any other organisation, hang up and contact the company directly using official channels to verify these claims.
• Report the Number: Use platforms like Reverseau or your local consumer protection agency to report the number. Sharing your experience helps protect others.
• Seek Guidance: In case you have shared any personal information or sent money, consider seeking advice from financial institutions or local authorities.

Conclusion

It's crucial to stay informed and cautious. The number 0405 251 254 / 0405251254 is an example of the deceptive practices prevalent in today's financial landscape. Always proceed with caution when encountering unsolicited loan offers and safeguard your personal information.