Magic Finance

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Cermogs
Cermogs Posts: 4 Newbie
in Loans
Hi guys,

Has anyone heard of magic finance? i am desperate for a loan to clear to existing credit cards, they contacted me saying that I had been accepted for a loan, I paid £65 fee, but I am very nervous now that I have been stitched up, since reading reviews on here of other people paying money & not receiving any loan. Any replies would be welcome.

Cheers

Ceri.
«134567

Comments

  • Fonz_2
    Fonz_2 Posts: 393 Forumite
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    Oh for the love of god make it stop
  • Cermogs
    Cermogs Posts: 4 Newbie
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    Fonz have you heard of them or are you just confirming my fears?
  • CHR15
    CHR15 Posts: 5,193 Forumite
    First Post First Anniversary Combo Breaker
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    I think it quite safe to say Magic Loans have made your £65 vanish
  • LDJ2009
    LDJ2009 Posts: 159 Forumite
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    I have looked at practically every poor credit finance company out there in my desperate attempt to clear my payday loans.

    Anyone that asks for a fee is very unlikely to be able to offer you a loan. They'll take your money and you won't hear from them again.

    The only companies i have dealt with that do not charge a fee are FLM loans (but you need a guarantor) or Real Personal Finance.

    Both charge shocking rates of interest

    How much are you needing to borrow out of interest ?
  • Cermogs
    Cermogs Posts: 4 Newbie
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    Looking to borrow 14k ovr 6 or 7 yrs.
  • loopy.magic
    loopy.magic Posts: 238 Forumite
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    Would have to agree with everyone here that you're not getting a loan from this company.

    Could you expand a little on your exact situation. How many credit cards do you have? what interest rates are they charging? Up to this point what have you attempted to do? (applied for any loans or other credit?)
  • Enfieldian
    Enfieldian Posts: 2,893 Forumite
    First Anniversary Combo Breaker
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    Cermogs wrote: »
    Hi guys,

    Has anyone heard of magic finance? i am desperate for a loan to clear to existing credit cards, they contacted me saying that I had been accepted for a loan, I paid £65 fee, but I am very nervous now that I have been stitched up, since reading reviews on here of other people paying money & not receiving any loan. Any replies would be welcome.

    Cheers

    Ceri.

    Change your user name to CerMUGs please.
  • Gareth1986
    Gareth1986 Posts: 1 Newbie
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    Did they send you through an application pack after you had paid the £65?
  • Cermogs
    Cermogs Posts: 4 Newbie
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    I am awaiting the application forms.
  • ILW
    ILW Posts: 18,333 Forumite
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    Cermogs wrote: »
    Looking to borrow 14k ovr 6 or 7 yrs.

    I can think of no situation that will be improved by taking out 14k of sub-prime credit.
This discussion has been closed.
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