0480 004 233: Scam Alert - Loan Insurance Fraud

• Scam

0480 004 233 has been reported as a scam number associated with fraudulent loan insurance claims. Learn how to protect yourself from this deceitful practice and identify possible scams with our guide.

Understanding the Scam Behind 0480 004 233

The phone number 0480 004 233 / 0480004233 is currently being flagged as a potential scam number. Reports indicate that it is linked to a fraudulent loan insurance scheme allegedly operated by an individual named Steven Ward, representing a company called Low Rate Finance Pty Ltd. Users have come forward with alarming accounts of losing money after contacting this number.

Why is This Number Classified as a Scam?

According to user reports, this number is associated with practices designed to trick individuals into paying upfront fees for loan insurance. The common pattern described by victims suggests that once payment is made, the caller disappears, leaving the victim with no recourse to recover their lost funds. This method is a classic example of loan fraud, where scammers exploit unsuspecting individuals seeking financial assistance.

What Should You Do if You Receive a Call from This Number?

• Avoid Engaging: If you receive a call from 0480 004 233 / 0480004233, do not engage or provide any personal information.
• Do Your Research: If the caller claims to be from a specific company, perform a Reverse Phone Lookup Australia to verify their identity.
• Report the Number: It is critical to report any suspicious activity to your local consumer protection agency or the police. In Western Australia, you might contact Consumer Protection at 08 6552 9369 / 0865529369.
• Protect Yourself: Educate yourself about common phishing scams and how to recognise red flags when dealing with loans or finances.

Stay Safe and Informed

Scammers often change tactics and phone numbers in an attempt to stay one step ahead, which is why it’s essential to stay informed. If you suspect you've received a scam call, utilize resources like Reverseau to investigate suspicious numbers and prevent falling victim to such fraudulent practices. With timely awareness and precautionary measures, you can safeguard your financial health and help others avoid similar pitfalls.