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  • FIRST POST
    • azza987
    • By azza987 31st Mar 15, 9:00 PM
    • 5Posts
    • 0Thanks
    azza987
    Looking for a loan with no guarantor/ bad credit
    • #1
    • 31st Mar 15, 9:00 PM
    Looking for a loan with no guarantor/ bad credit 31st Mar 15 at 9:00 PM
    Hi all, I have been searching for a loan now for about 2 months, been ripped off a few times with the loan brokers or whatever they claim to be, they took £80 out my bank and conveniently sent the confirmation email to my junk folder. Oh those companies really get under my skin!
    I've found a company I need to find a bit more information on and thought I'd ask here if anyone has dealt with this company or know if there is a catch as they sound too good to be true if I'm honest.
    The company is called brittfinance.uk and their typical example is borrow £10,000 over 10 years with a 7% interest rate. They also claim they are for people with bad credit, and they do not need a guarantor. They say they are a direct loan company and not a hidden charge loan searching company.
    They tick all the boxes for me but I am extremely wary, I know there must be a catch but I can't seem to find one... Yet.

    My finances are out of control I work full time and have 3 young children I honestly don't know where to turn. Threatening letters from my landlord, phone company, electric provider and so on, has really hit me hard, on top of my personal debts which amount to around £4000.
    I know a loan is not the answer but I really am out of ideas, paying 1 company £200 a month seems reasonable to me if it rids me of all the mess that's going on.
    So please, if anyone knows of this company or has a suggestion for me let me know. Thanks in advance
    Aaron
Page 1
    • lynz68
    • By lynz68 31st Mar 15, 9:20 PM
    • 306 Posts
    • 288 Thanks
    lynz68
    • #2
    • 31st Mar 15, 9:20 PM
    • #2
    • 31st Mar 15, 9:20 PM
    I have no actual experience of this company but a quick google of the address comes back as residential flats. Also when you actually go into the terms and conditions they do act as loan brokers and debt management advisors among other things so please avoid avoid avoid.

    Really with the situation you are in you are not going to get a loan.


    Please go on to the debt free wannabe board you will get lots of helpful advice and also talk to one of the free debt charities such as Stepchange they will not judge you and can provide you with advice regarding your situation.
    • zx81
    • By zx81 31st Mar 15, 9:24 PM
    • 13,668 Posts
    • 14,123 Thanks
    zx81
    • #3
    • 31st Mar 15, 9:24 PM
    • #3
    • 31st Mar 15, 9:24 PM
    Looks terrible -

    "Britt Finance can offer respite from monetary problems"

    Very reassuring.
    • ViolaLass
    • By ViolaLass 31st Mar 15, 9:25 PM
    • 5,036 Posts
    • 6,950 Thanks
    ViolaLass
    • #4
    • 31st Mar 15, 9:25 PM
    • #4
    • 31st Mar 15, 9:25 PM
    Their website repeatedly claims they do not charge loan fees so do we think they're lying? What's the catch?

    (Not saying I'd trust them, but I can't see the problem and I'd like to!)
    • DCFC79
    • By DCFC79 31st Mar 15, 9:25 PM
    • 30,098 Posts
    • 19,052 Thanks
    DCFC79
    • #5
    • 31st Mar 15, 9:25 PM
    • #5
    • 31st Mar 15, 9:25 PM
    A loan isn't the answer, contact one of the free debt charities.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
    • andyfromotley
    • By andyfromotley 31st Mar 15, 9:28 PM
    • 2,014 Posts
    • 2,964 Thanks
    andyfromotley
    • #6
    • 31st Mar 15, 9:28 PM
    • #6
    • 31st Mar 15, 9:28 PM
    Hi Azza,

    Welcome.

    Stop. you do not need more debt.

    1. you need to fill this in
    http://www.stoozing.com/calculator/soa.php

    2. post it on the debt free wannabe forum on here. you will get advice on the best way to proceed. That may incude some form of debt relief. Cant say until we see the numbers.

    If you continue with what you are doing you will continue to get ripped off or possibly end up with a loan at an horrendous interest rate which you will soon default on.

    There is a way out of this. So take my advice and good luck.
    £1000 Emergency fund No90 £1000/1000
    LBM 28/1/15 total debt - £23,410 24/3/16 total debt - £7,298
    !
    • azza987
    • By azza987 31st Mar 15, 9:46 PM
    • 5 Posts
    • 0 Thanks
    azza987
    • #7
    • 31st Mar 15, 9:46 PM
    • #7
    • 31st Mar 15, 9:46 PM
    Thankyou to everyone for quick replies, yeah I knew it was too good to be true, lots to think about with your answers I'll look into what was mentioned.
    • DCFC79
    • By DCFC79 31st Mar 15, 9:56 PM
    • 30,098 Posts
    • 19,052 Thanks
    DCFC79
    • #8
    • 31st Mar 15, 9:56 PM
    • #8
    • 31st Mar 15, 9:56 PM
    Thankyou to everyone for quick replies, yeah I knew it was too good to be true, lots to think about with your answers I'll look into what was mentioned.
    Originally posted by azza987
    Its a small amount you owe, look at different ways to make savings, the link posted earlier by andy will help with that.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
    • SnowTiger
    • By SnowTiger 31st Mar 15, 10:05 PM
    • 3,052 Posts
    • 2,016 Thanks
    SnowTiger
    • #9
    • 31st Mar 15, 10:05 PM
    • #9
    • 31st Mar 15, 10:05 PM
    Britt Finance Ltd. This site is owned and operated by Britt Finance Ltd. which is authorised and regulated by the Financial Conduct Authority – interim permission number 098380632. Address : 198, St.John Street, London EC1V 4LS Data Protection License: Z1883073
    Their Interim Permission number and Data Protection Licence number appear to be invalid.

    http://www.fca.org.uk/firms/systems-reporting/consumer-credit-register

    https://ico.org.uk/ESDWebPages/Search?EC=3&fieldregistration=Z1883073

    Domain name registed to an individual, rather than a company:http://who.is/whois/brittfinance.uk.

    http://www.brittfinance.uk/terms-policies/:

    Brokers Terms

    [...]

    When acting as a loan or finance broker we seek to get a lender or financier to offer you a loan or finance. We will endeavour to obtain for you a Loan in the amount you have requested. As a Broker and not a direct lender, we do not guarantee to obtain for you any of, or the full amount of any loan as first requested, as all loan offers are subject to your own personal circumstances.
    Just another dodgy broker. Many of the others claim not to charge (upfront) fees. There's always a carefully worded catch. You give them your contact details, they call you back. I wouldn't be surprised if they extracted some sort of fee from punters during that call somehow.
    Last edited by SnowTiger; 31-03-2015 at 10:08 PM.
    • dealer wins
    • By dealer wins 31st Mar 15, 10:34 PM
    • 5,594 Posts
    • 10,513 Thanks
    dealer wins
    If youve been "ripped off a few times" you cant be down to your last £5.

    Im calling BS on this, but if your genuine OP post on the "debt free wannabee" board, and they will help you live within your means and start repaying your debt etc
    All replies are super fluffy and nice, and newbies are so lovely and welcome. PPR never again!
    • azza987
    • By azza987 31st Mar 15, 11:03 PM
    • 5 Posts
    • 0 Thanks
    azza987
    Hi snow tiger, that's really bad as they are blatantly lying on their website, they claim to be a direct loan company. But like you say their clever words and bending of rules the slip thru the net of the law.
    To Dealer wins, what are you referring to with BS and OP? I don't Understand.
    Down to my last £5 yes indeed. I had bank charges and late payment fees because of castlefinance and their £80. I wrote up a letter and emailed them threatening to hear from my solicitor if I didn't get it back. Within 2 hours I had my money back.
    says a lot really, they are pushing their luck on the edge of the law. They email you all the information on the loan you apply for but the email about the fee they tag as spam so it goes to your junk folder. So they bet on you never noticing the charge. Makes me sick to know these companies are stealing people's last bit of money they have.
    There is a much bigger picture here with the monetary system,
    anyone ever see that documentary zeitgeist addendum on YouTube? A shocking reality of what money is and does.
    thanks again everyone.
    • DCFC79
    • By DCFC79 31st Mar 15, 11:09 PM
    • 30,098 Posts
    • 19,052 Thanks
    DCFC79
    OP is original poster, in this case its you

    BS Bull !!!!
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
    • azza987
    • By azza987 31st Mar 15, 11:35 PM
    • 5 Posts
    • 0 Thanks
    azza987
    Sorry I'm not down with the Internet slang. I assumed as much with BS but was hoping it meant something more helpful.
    I'll try the other forum thanks for advice guys.
    • fozmcfc
    • By fozmcfc 1st Apr 15, 6:42 AM
    • 2,996 Posts
    • 2,183 Thanks
    fozmcfc
    You need to stop searching for a loan, you won't get one.

    You need to contact Payplan or Stepchange, they are free and have helped millions in sorting out their debt.

    Go over to the debt free wannabee boards here, post up you're exact situation and you'll get plenty of support and advice.

    You're so close to sorting things out, but you must do the above to get the ball rolling.
    • ViolaLass
    • By ViolaLass 1st Apr 15, 6:45 AM
    • 5,036 Posts
    • 6,950 Thanks
    ViolaLass
    If youve been "ripped off a few times" you cant be down to your last £5.
    Originally posted by dealer wins
    I don't understand your logic. Isn't that precisely one of the ways that one could end up with very little money?
    • MEM62
    • By MEM62 1st Apr 15, 11:59 AM
    • 1,351 Posts
    • 968 Thanks
    MEM62
    Hi all, I have been searching for a loan now for about 2 months, been ripped off a few times with the loan brokers or whatever they claim to be, they took £80 out my bank and conveniently sent the confirmation email to my junk folder.

    They would not be able to take money from your account of you did not give them your card details. Also, they cannot 'send' emails to your junk folder. Your email client decides what is junk and what is not.


    Oh those companies really get under my skin!
    I've found a company I need to find a bit more information on and thought I'd ask here if anyone has dealt with this company or know if there is a catch as they sound too good to be true if I'm honest.
    The company is called brittfinance.uk and their typical example is borrow £10,000 over 10 years with a 7% interest rate. They also claim they are for people with bad credit, and they do not need a guarantor. They say they are a direct loan company and not a hidden charge loan searching company.
    They tick all the boxes for me but I am extremely wary, I know there must be a catch but I can't seem to find one... Yet.


    I expect that the catch will come when the specific offer is made to you. The interest rate is likely to be higher and other onerous conditions may be applied.

    My finances are out of control I work full time and have 3 young children I honestly don't know where to turn. Threatening letters from my landlord, phone company, electric provider and so on, has really hit me hard, on top of my personal debts which amount to around £4000.
    I know a loan is not the answer but I really am out of ideas, paying 1 company £200 a month seems reasonable to me if it rids me of all the mess that's going on.
    So please, if anyone knows of this company or has a suggestion for me let me know. Thanks in advance
    Aaron
    Originally posted by azza987

    I am sorry that your circumstances are not so great. I would recommend that you speak with one of the free debt counselling organisations as they are likely to be the best option for you. It is important that you understand how you arrived at your present situation. In addition to helping you address your debt this will also give you the best chance of not ending up in a similar situation again.


    No matter how attractive the arrangement looks at the time, you cannot borrow your way out of debt. There are many threads on this site by those that have tried and only ended up in a worse position.


    I hope you manage to get is sorted.
    • CalumHeath
    • By CalumHeath 16th Apr 15, 6:38 AM
    • 113 Posts
    • 121 Thanks
    CalumHeath
    A great piece of information here. I just want to add, to qualify for a mortgage one should have a good credit history and credit score. Hence you must try to rebuild your credit score. There are some mortgage lenders and brokerage firm who can guide you regarding getting a mortgage with bad credit history, for Ontario region Canadalend.com is doing great in this.
    Originally posted by bobbyreyes523
    Wrong.

    The only thing that mortgage lenders see is the credit history; the credit score is a marketing tool fabricated by credit reference agencies in order to sell you more services - namely, how to improve this score (that nobody else sees).
    • zx81
    • By zx81 16th Apr 15, 7:00 AM
    • 13,668 Posts
    • 14,123 Thanks
    zx81
    He's a Canadian spammer, so therefore not very smart. Just click on spam.
    • PaulW922
    • By PaulW922 18th Apr 15, 9:23 AM
    • 783 Posts
    • 300 Thanks
    PaulW922
    If you have paid fees for brokers in the past and they have not found you a loan you can ask for your fee back, and they must pay it. However if their reply went to your junk mail folder, that isn't their fault I'm afraid!

    I agree with MEM62 - do not try and borrow more money - go to Stepchange or Payplan for help. Don't pay a private debt firm to help you - these charities will help you for free.
  • Molinda
    I got all the sympathy for you guys, I've learnt the hard way, i just wish there was a way to stop these people from hounding vulnerable people who are desperately, its not east and not simple just to go to a charity.
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