You often come across advertisements in local papers offering fast money loans without formal credit checks.
You call up a freephone number and are then told that your loan is agreed but you need to pay insurance costs via a money transfer. But once you've paid the fee, you never receive your loan or hear from the company again. Never, ever give your bank details to someone you don't know, and be sure to report the swindlers too. If you have fallen victim to this scam, report it to the police and the OFT