NEW YORK, NEW YORK -- (Marketwire) -- 01/08/13 -- In the last three years, there has been a 62 percent increase in financial scams and fraud. Last year alone, close to 2 million individual claims were filed. While financial scams are on the rise, Loanshark.co provides victims of fraud with the opportunity to report scams and warn potential victims.
Commonly, people become financial victims by mortgage payment scams, payday loan scams, or scams by other lending institutions. However, it is no longer necessary to be a silent victim; with Loanshark.co it is possible to let the world know who was responsible for the scam. Loanshark.co allows individuals to report financial scams and alert others to the possibility of fraud. All the Loanshark.co system requires is the victim's name, email address, the company responsible for the scam, and a description of the scam that does not exceed 2,000 characters.
Filing a report on Loanshark.co will help protect others from financial scams. When others research the reported company, the post written by the victim will show up in a Google search alerting others of the company's questionable nature.
Loanshark.co also provides individuals with the opportunity to report loan sharks. Loanshark.co offers multiple ways to report loan sharks, increasing the victim's chance of having their voice heard. In addition to providing multiple methods to report loan sharks in England, Wales, Scotland and Ireland, Loanshark.co also provides a form that can be filled out that will then be sent to the appropriate authorities. All that needs to be included are the lender's name, and if possible, the lender's business address and phone number.
The website also offers advice on how to spot a loan shark. The tips on http://www.loanshark.co/ include common warning signs, such as high interest rates, hidden fees, and an inability to present adequate accreditation. Additional posts written with the intention of helping individuals avoid financial scams include, "14 of the Most Notorious Mafia Loan Sharks", "What Is a Loan Shark" and "Where to Find Help Without Using Loan Sharks".
In addition to providing a platform to report scammers and help protect others from becoming a victim, Loanshark.co also offers financial tips for those who might have a bad credit rating and need financial help. Articles written with the intention of providing financial help include, "8 Ways to Get Out of Debt in 2013".
With the number of financial scammers on the rise, Loanshark.co is dedicated to helping protect innocent borrowers who rely on loans. Loanshark.co is a website that exposes loan sharks and scammers. If you or someone you know has been a victim of a financial scam, it is now possible to let the world know and prevent others from becoming a victim. For more information, visit www.loanshark.co.
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