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My discussion with TenantLoans.

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Comments

  • nomoneytoday
    nomoneytoday Posts: 4,871 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    How will you pay back this £350 plus interest??

    Besides there are plenty of summer/temp jobs. Round my way they always need van drivers, stacking shelves, waiters (or waitresses), chefs, chippies and so on. I'm sure at £6 an hour you would get your £300 within a couple of weeks with one of them, or is it easier to sit at home for £60 a week?
  • fudgecat
    fudgecat Posts: 289 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Martyn-, I don`t believe you are spamming because the nature of your emails sounds too ambivalent about the company to be truly promoting them. If you went for this offer you would be taking on a loan of £300.00 at a probably extorionate rate of interest and would be paying for the full £300.00 although you would effectively only having £250.00 of it because of the fee you would be paying. Do you really want to saddle yourself with such a bad deal and the repayments as you are about to start University? I am sure the money (and what you can do with it) seems desirable, but I would counsel against it if there is any way to manage without or find an alternative. I speak as the mother of one just left Uni daughter and one who will start in a year. Think carefully and don`t get ripped off. I wish you the best of luck.
    Debt September 2020 BIG FAT ZERO!
    Now mortgage free, sort of retired, reducing and reusing and putting money away for grandchildren...
  • fudgecat
    fudgecat Posts: 289 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Hmmm, in view of the lack of response, perhaps I was wrong about the spamming? (Goes back to drawing board, tail retracted).
    Debt September 2020 BIG FAT ZERO!
    Now mortgage free, sort of retired, reducing and reusing and putting money away for grandchildren...
  • lauzjp
    lauzjp Posts: 415 Forumite
    why would someone post a tale like that in order to be classed as spam? I'm confused. I got caught paying the admin fee for a loan from tenant loans, and am now awaiting a reply to an email I sent their customer services and several staff - asking for my refund. One of my neighbours also applied for a loan from them and paid the fee, he is getting help from luton law centre (free) so hopefully he should at least get his £40 odd back... :confused:
  • lauzjp
    lauzjp Posts: 415 Forumite
    I came home today to a cheque from Tenant Loans, woohoo! :j
  • Tassotti
    Tassotti Posts: 1,492 Forumite
    Any broker that will 'find you a loan' is ripping you off. DO NOT SEND OFF THE FEE.

    For £300, they will go to Provident and other home credit companies.

    Just apply yourself directly. There should be no admin fee.

    You can compare rates at the following website

    www.lenderscompared.org.uk
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