Teenager hit by payday loan fraud

A 15-year-old has been caught up in a payday loan fraud. Student Simon Oliver was setting off on a school trip, but when he tried to withdraw cash at Gatwick airport, his card was declined. It emerged that someone had taken out a payday loan in his name, and the loans company had taken the cash back from his account.

So how could this happen, and should we be worried about this?