Loans4sure

seagullsy

Loans4sure

Has anyone every used this loan company? i paid them £49 last week and signed and returned the letter, i googled them last night and found a forum really slagging them off, i'm now starting to think i have been conned, i really need to borrow £3000 for a work vehical which i went and paid a diposite on based on Loans4sure accepting my loan application!

seagullsy

i did just speak to them and was told that yes the money would be in my account on firday, she wouldnt tell me who exactually is lending me the money, why, may i ask, would you not touch them with a barge pole?? i have never borrowed money before and pretty much,niavely now i relise, went with the first one.

Typhoon2000

Are these one of those companies that charge you a fee for finding you a lender? If so you may find that the lender they find you may not be able to offer you the full amount and the interest rate may be higher than you were expecting, yet the fee will still need to be paid.

seagullsy

yes i think it is, i didnt relise at the time, i thought 'loans4sure' was the actuall company lending the money and i was paying £49 as an admin fee, which i paid on my card,

Enfieldian

You have wasted your £49.

You may also have lost the deposit on the vehicle.

seagullsy

Enfieldian wrote: »

You have wasted your £49.

You may also have lost the deposit on the vehicle.

really?? oh, you sound very sure! :mad:

Enfieldian

About the £49? Yes, I am sure... More sure than "Loans4Sure" are sure, sorry.

The deposit, more than likely unless you can find an alternative source for the balance.

If not, speak to the seller/dealer and see if they will take pity on you.

Enfieldian

Typhoon2000 wrote: »

Are these one of those companies that charge you a fee for finding you a lender? If so you may find that the lender they find you may not be able to offer you the full amount and the interest rate may be higher than you were expecting, yet the fee will still need to be paid.

That is IF they find you a lender AT ALL.

All of the applications are farmed out to one or two sub-prime lenders whose criteria you may or may not satisfy.

These "Brokers" use the loophole that they are allowed to charge a fee and hold it for up to 6 months to make their money.

Chances are they gamble on you being so desperate to find the money that you will not waste your time chasing them once you hit the inevitable dead end, instead you will be firing off applications left right and centre.

In 6 months time they hope that you have solved your problem/got the loan elsewhere and have forgotten about them/can't be bothered to chase them.

With the amount of people still falling for this on a regular basis I might set up my own "broker" service, it is an absolute goldmine.

seagullsy

..............oh god

uktyler

When they told you the money would be in the bank on Friday, did they tell you interest rates/repayment schedules/APR?

seagullsy

the first time i spoke to them they said it would be about 260 a month if thats what you mean uktyler?