08 6102 4606: Scam - Loan Protection Fee Fraud

• Scam
• Suspicious
• Legit

The number 08 6102 4606 is associated with the fraudulent company ALLTIME INVESTMENTS PTY LTD. Users report losing money due to a fake loan protection scheme. If you receive a call from this number, it's advisable to block it and report it to the authorities.

An Overview of 08 6102 4606

The phone number 08 6102 4606 / 0861024606 has been reported by numerous users in Australia as a significant scam operation linked to ALLTIME INVESTMENTS PTY LTD, notorious for exploiting vulnerable individuals seeking loans. Calls from this number primarily revolve around a deceptive loan protection fee, a tactic used to extract money from unsuspecting clients.

What Users Are Saying

Analysis of user feedback reveals alarming patterns regarding this number. Many victims narrate their experiences, highlighting two major aspects:

• False Promises: Victims were lured into believing they would receive loans despite their poor credit ratings, only to find themselves trapped in a situation where substantial "protection fees" were requested upfront.
• Disappearing Acts: Users report difficulties in contacting representatives after payment, with many claiming that their calls go unanswered, leading to suspicions of a scam.

Classification as a Scam

Based on user reports, 08 6102 4606 / 0861024606 can unequivocally be classified as a scam telephone number. The scam closely follows a typical structure where:

• Individuals are approached with loan opportunities, primarily aiming at those with compromised credit scores.
• A supposedly refundable 'protection fee' is demanded, claiming it is essential for securing the loan approved.
• Once payment is completed, victims find themselves unable to contact the company, resulting in significant financial losses.

Moreover, inconsistencies arise when victims describe the representatives from the company. Names change often, with callers providing ambiguous backstories that lead to confusion and distrust.

What To Do If You Receive a Call

If you receive a call from this number or suspect similar activities, it is crucial to:

• Do Not Engage: Refrain from providing personal information or making payments.
• Block the Number: Use your phone’s blocking feature to prevent future calls.
• Report the Number: Inform the Australian Competition and Consumer Commission (ACCC) or local authorities about the call.
• Consider Reverse Phone Lookup: Use Reverseau to verify suspicious numbers and learn more about who called you in Australia.

Conclusion

08 6102 4606 / 0861024606 is a number associated with fraudulent activities, specifically targeting those in financial distress. Vigilance is key—be cautious of unsolicited calls and protect your personal information. If you believe you’ve encountered a scam, seek support from consumer protection agencies and share your experiences to help others avoid falling victim to similar traps.