Loan Companies [TEXT DELETED BY FORUM TEAM]

i_need_some_help

ive been on the look out for a consolodation loan and was rang this evening by unsecuredloancompany.net.after giving them my details they said they have a loan for me and i would be paying £187 per month which is alot less than im paying now..they did say they needed a administration fee of £49.99,i said they couldnt have it until friday as thats payday so they are holding off till then..can anyone whos had any dealings with this company get in touch and tell me of their experience,as i need to know if i should phone the bank tomorrow and tell them to stop the payment going out

cakinwande

i_need_some_help wrote: »

ive been on the look out for a consolodation loan and was rang this evening by unsecuredloancompany.net.after giving them my details they said they have a loan for me and i would be paying £187 per month which is alot less than im paying now..they did say they needed a administration fee of £49.99,i said they couldnt have it until friday as thats payday so they are holding off till then..can anyone whos had any dealings with this company get in touch and tell me of their experience,as i need to know if i should phone the bank tomorrow and tell them to stop the payment going out

Scroll up, someone else has commented about them

Enfieldian

I love the "I will be writing to Watchdog" or "I will be taking this further with solicitors" type comments.

You have given them your card details and they have taken a payment, simple as that.

You will just have to try and get it back in 6 months time.

In the meantime you can reflect on your stupidity.

jopwo_87

Thats a bit harsh. Its true but still a little harsh.

Enfieldian

I know, I have flu and I was feeling very grumpy earlier.

It just amazes me that people can be so foolish when desperate.

Even after the event it is still somebody elses fault though......

magpiecottage

You don't need a solicitor. Tell them you are making a formal complaint and want them to reimburse all extra costs you have incurred or you will take them to the Financial Ombudsman Service.

Remind them they have a maximum of eight weeks to resolve the matter to your satisfaction.

That applies to any credit brokerage you are dissatisfied with - even if it only arranges credit as an ancilliary to its main business.


Having said that, you are not paying off debts if you are taking out a loan - you are merely rearranging it.

Unless you actually pay back fast than you borrow more and faster than interest is charged, you are not paying it off.

Ive_been_Had

Definitely avoid The credit People. What a scam. I paid £45 3 weeks ago for a loan that would be in my account within 3days! still waiting after numerous calls and can't get my £45 back-they say!!
:mad:

cakinwande wrote: »

I think this would be a good place for people to mention any loan companies that charge £40-£70 to process your application knowing full well they will not find a suitable lender for you.

I for example have been looking for a loan and stumbled across lots of these companies. Here are a few to avoid!

Wentworth Direct
Yes Loans
141 Loans
Tenants Loans
bad-credit-loans-for-tenants.co.uk
UCC Loans PLC (I can't believe I was recommended them by Abbey!!!)
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TLG Loans
City/Citi Financial (Be careful as this company is not part of CitiBank at all)
Advantage Loans
tenants 4 loans
loans for tenants
go loans
Alchester
Horizon
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CHKR Loans
Loan n Go
Churchwood Finance
online-secured-loans.co.uk AKA Quick Decision Loans AKA Unsecured Credit Company
Maddison Finance
LoanFinder UK (They dont charge an upfront fee but they take a lot of money after they recommend you apply to mainstream lenders!)

JC1004

HI - If you have handed over your card details - phone your bank and tell them that you have lost your card and they will cancel the card and issue you with a new one - if the payment has not already been taken, then they will not be able to take it anyway as the new card number, valid from and expiry date will all be different. The only downside is it takes 3-5 days for a new card to come through the post from bank so make sure you have enough cash on you to last through this period...thats what i have done..

Mikek_3

Avoid the whole lot of them.They are all snakes

dramaqueen1973

dotstar24 wrote: »

Welcome finance = shisters.

Completely Agree!!!!!:mad: