anyone tried Oakam's Bonus Loan

WhySoHard_2

Oakam are advertising a Bonus Loan up to 5k for people with no/bad credit history. They also do those awful payday loans.

crazyfj

typical apr is 76.9%!

bollyanddom

hi hav u tried th bonus loan calculator on the oakam website? dunno if 76% works out as much as it sounds. plus oakam seems quite cool - my brother used their payday loan (i cant remember the apr) and he said that they weren't like banks at all, and instead were really nice to talk to

lifestyle_2

how do I contact Oakham!

WhySoHard_2

bollyanddom wrote: »

hi hav u tried th bonus loan calculator on the oakam website? dunno if 76% works out as much as it sounds. plus oakam seems quite cool - my brother used their payday loan (i cant remember the apr) and he said that they weren't like banks at all, and instead were really nice to talk to

Do you work for Oakam?

benjy50

Can someone tell me what criteria Oakam work on to decide if you are eligible. I just checked my credit rating and have 1 star, which is the lowest...

Fonz_2

So we discover this organisation offers loans at a rate some 70% above the average high street rate... and theres literally a queue of people waiting to sign up... sigh.

Apples2

benjy50 wrote: »

I just checked my credit rating and have 1 star, which is the lowest...

Then you shouldn't be looking for loans in the first place..... or maybe this post has some spammers!!!

benjy50

Apples2 - if I ever wanted to feel like topping myself(which I won't), I will ask you to try and stop me(which you won't)!

Apples2

benjy50 - If you ever want financial advice (which you clearly don't), then don't post on a financial advice forum asking to obtain more debt when you have the lowest score possible.

Go about your merry way digging deeper and deeper until something breaks.... then post on MSE asking for advice on how to get yourself out of the brown stuff... Not deeper into it.