- Scam
- Suspicious
The phone number 0480 023 784 is reportedly associated with a scam involving personal loans. Learn how to handle calls from this number and protect yourself from potential fraud.
Understanding the Scam Linked to 0480 023 784
The phone number 0480 023 784 / 0480023784 has garnered attention recently due to numerous user reports categorising it as a potential scam. Many individuals have highlighted their experiences with what appears to be a personal loan scam. In this article, we’ll explore the details surrounding these claims and provide guidance on how to deal with calls from this number.
The Personal Loan Scam Unveiled
According to the reports circulating in the consumer community, this number is linked to callers purporting to offer personal loans through a business named "Low Rate Finance P/L." Victims have recounted stories where they were lured into providing personal information or making upfront payments under the guise of securing a loan. Typically, the scammers create a façade of legitimacy, sometimes even providing an Australian Business Number (ABN) or Australian Company Number (ACN) to seem credible.
Recalling User Experiences
A significant number of complaints filed against this number share a common thread: users who engaged with the callers ended up losing money––some claiming amounts as high as $650. One user recounted receiving loan contracts, which were masked as legitimate documentation designed to trick people into compliance. Others report a communication blackout after payment, with no response from the callers once the money was secured.
Why You Should Be Cautious
Due to the alarming nature of these reports, it is strongly advised to exercise caution if you receive a call from 0480 023 784 / 0480023784. Here are some tips to handle calls from suspected scammers:
- Do not provide any personal or financial information over the phone.
- Never pay any upfront fees for a loan.
- Perform a reverse phone lookup in Australia to verify the number's reputation.
- Report any suspicious activity to your local consumer protection agency.
Conclusion
In conclusion, the phone number 0480 023 784 / 0480023784 is classified as a scam, specifically involving a personal loan scheme aimed at exploiting unsuspecting individuals. If you recognise this number or receive a call from it, prioritise your safety and financial security by refraining from further communication. For additional assistance, consider checking resources like Reverseau to see who called you and ensure you’re not falling victim to fraudulent activity.
Help others by sharing your experience with 0480 023 784!
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What Our Users Reviewed
I fell victim to a scam regarding a loan contract, which cost me $380. They provided bank details, but I never received the money and now they are unresponsive to my phone calls and emails. They are dishonest.
I was contacted by a group of scammers regarding a loan. After I paid them $380, they sent me a loan contract and bank information that turned out to be fraudulent.
I have just fallen victim to a scam where I was deceived out of $650, which was the last of my money. I am now in the process of reporting this incident.
I received an email identical to one that had previously led me to be scammed out of $380. I now feel quite foolish for falling for it.
I received a loan contract from this company that appeared legitimate, complete with an ABN and ACN number. However, after doing some research, I found it suspicious. I advise everyone to be cautious and investigate thoroughly before engaging with them.
This is a possible scam alert. The number is reportedly used by scammers involved in personal loan scams. Please DO NOT send any upfront insurance or fees if they claim to be from Low Rate Finance P/L. For more information, refer to WA Consumer Affairs Scamnet.