Express Finance, anyone please tell me if this company is ok to use?

theshadow

i must of filled app online but forgot but got letter saying credit passed and must fill in application details and send back?

sounds good but i aint sure if this is an ok company as i have never had a loan in my life, please any info or advice would be fantastic


Regards

dukey

Looks like a broker to me.
Seems the advice on here is simple.. Don't pay or give any card details etc before you get your loan. They should get their money from the lender.

theshadow

not sure what the broker bit means but if i dont give em details i guess i wont get a loan!

thanks for reply

carylh43

theshadow wrote: »

not sure what the broker bit means but if i dont give em details i guess i wont get a loan!

thanks for reply

Hi, the broker is just a front or a company that on occasion attempt to take or charge a fee, its like you apply for a loan and they tell you by phone or mail that you are accepted, but then on occasion if they are a broker they either want your bank details straight away, or they want you to send a cheque to them, sometimes they want a charge of £50 maybe more, what it really means is that they have accepted you for a loan even though they themselves are not a loan company, and the charge they want is for them then to find you a lender that will agree to give you a loan, there are alot of people out there paying £50 plus for this purpose and losing there money as an attempt to get your fee back from a broker is often immpossible, take a look at http://news.bbc.co.uk/1/hi/programmes/moneybox/8052694.stm
sorry but if they have asked for your bank details or a payment upfront then avoid them.:exclamati

theshadow

thanks very much for the advice was great eye opener on this subject which i know very little of

Cheers

just hope i find a legit loan company out there