It’s no surprise that scamming money from home buyers, cyber-crime and ID theft and fraudulent loans has left its mark on some of our homeowners.
Fraudulent activity can be devastating for some of our future homeowners. What can we do?
Protecting your ID is very important, and some people subscribe to annual memberships for credit reporting, so they are alerted to any activity on their credit report. This is usually a paid service.
Being conscious of your social media information should be seriously considered. Your friends on social media may not be your real-life friends. Locking down your social media accounts are now possible.
If you have experienced loans being taken out in your name fraudulently, and are seeking to apply a loan, it’s important that we research your situation in detail so we can be prepared for the lenders queries. Fraud can affect your credit file. Some situations may need to be resolved before we can back on track with your loan.
We are seeing an increasing number of cases of people being scammed out of their superannuation. This situation has a significant effect on our clients who are relying on superannuation to support them in their retirement. It may also affect their ability to refinance their home loans if they are older applicants.
If you would like to stay informed about scams, please check out https://www.scamwatch.gov.au/
Our broker training includes keeping up to date with cybercrime, including Professional Development Days so we are better equipped to deal with emerging issues.
