Credit extortion and criminal liability

Taking an online cash loan is a complex process that does not end with completing the form online. It is also necessary to prevail to present a certificate of our earnings or conduct a telephone conversation with a consultant, and even carry out a verification transfer.

This issue looks a bit different in the case of online loans, e.g. popular payday loans, which do not require so many formalities to be granted. In most cases, you will only need your ID card, and this may already create more space for cheaters.

Credit extortion and criminal liability


What is the risk of extortion? This question cannot be answered with one sentence. Why? In Polish law, the situation of extortion of a loan or credit can be interpreted in two ways.

The fine for extorting a loan depends on whether it is classified as credit fraud or ordinary fraud. What’s more, one crime can be classified under both these acts, which means that the perpetrator will be convicted of an offense for which worse sanctions are provided.

We’ll take a closer look at the consequences of extorting a loan. In the case of credit fraud, the accused is punished by imprisonment from 3 months to 5 years. For ordinary fraud, the court may impose a prison sentence of 6 months to 8 years.

It is also possible to issue a suspended sentence for extortion, however, in this case, certain circumstances must occur, e.g. the guilty person should not be punished so far. Although the fine for extorting credit is very high, there are plenty of people trying to commit this type of crime.

What to do if you have been a victim of a phishing loan?

What to do if you have been a victim of a phishing loan?

What should I do if there was a phishing scam on my personal data? In this situation, you must act quickly, because time is to your disadvantage. If you lost your ID card and it turned out that you have been a victim of a phishing loan, you must write because the bank will appeal in which you describe what happened.

The case will be referred to court and you will receive information about the day of the trial to which you must report. At the same time, it is worth submitting a notification of a crime to the prosecutor’s office.

Unfortunately, it may take some time for your innocence to be proven, which means you will have to pay back the loan installments. Do not worry, however, after the sentence, you will get all the money back.

How to defend yourself against credit scams?


Are you wondering how to protect yourself against credit fraud? All you need to do is follow some tips.

  • Try to get in the habit of checking at least once a day if you have an ID card or other ID document with you. If you notice that it is missing, you should immediately reserve it.
  • Protect your documents while traveling, especially in crowded places, including airport or public transport.
  • Be extremely careful on the web, do not go to pages with a suspicious appearance, especially when the anti-virus recommends avoiding them. If you have to enter too much personal data in the form, a red light should light up for you.
  • Set up a secure login to your bank account via the internet, e.g. by using a code sent by SMS to take care of online transfers.
  • Use the so-called Credit Checker alerts. You can purchase this type of service at the Credit Information Bureau for USD 19 a year. It helps to defend against phishing because it notifies you by SMS of every attempt to incur a commitment to consumer data.

Where to report a phishing loan? If there is a fraud, report it to the police and the bank.

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