‘It’s very troubling’: thieves use vulnerable man to take out £28,000 bank loan

‘It’s very troubling’: thieves use vulnerable man to take out £28,000 bank loan

Scams, Consumer affairs, Money, UK news, Banks and building societies, Metro Bank, Banking, Business Business | The Guardian

​Metro Bank faces questions over safeguards and why victim was allowed to borrow such a big sumThe family of a deaf man who was groomed by a gang into taking out a £28,000 business loan has demanded to know how a vulnerable person, with virtually no assets, could be marched into a Metro Bank, and allowed to borrow such a huge sum.Peter James*, who has special educational needs, and who only communicates through British Sign Language, was being chased by the bank’s debt collectors, and facing possible bankruptcy, before Guardian Money became involved. Continue reading… 

Metro Bank faces questions over safeguards and why victim was allowed to borrow such a big sum

The family of a deaf man who was groomed by a gang into taking out a £28,000 business loan has demanded to know how a vulnerable person, with virtually no assets, could be marched into a Metro Bank, and allowed to borrow such a huge sum.

Peter James*, who has special educational needs, and who only communicates through British Sign Language, was being chased by the bank’s debt collectors, and facing possible bankruptcy, before Guardian Money became involved.

Continue reading… 

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