should i pay to get a loan??

mdes
mdes Posts: 32 Forumite
a company called maddison financal in east sussex has told me that my loan application has been guaranteed and to get the loan i have to pay a fee of 69 pounds

they say that this will be refunded when i sign the agreement and post back to them.

anybody heard of them and is this right??

help??

Comments

  • Clive_Woody
    Clive_Woody Posts: 5,908 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Most likely a loan for less than you want at an APR you can hardly believe.

    My advice would be to avoid at all costs.
    "We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein
  • mdes
    mdes Posts: 32 Forumite
    Most likely a loan for less than you want at an APR you can hardly believe.

    My advice would be to avoid at all costs.

    they told me 15k loan over 60 months at 314.56 per month at 10.9% apr

    is this real??
  • Bob_the_Saver
    Bob_the_Saver Posts: 5,610 Forumite
    Avoid at all costs, you have been warned already. From now on people will just say "We told you so"
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    if you have an excellent credit rating and an income in excess of 40,000 and a home owner, then the offer may just be credible ... however, then there would be no need to pay £69
  • Drea2904
    Drea2904 Posts: 543 Forumite
    Never pay these companies!!
    :money: giving me & my darling boys a better cheaper life :o:A
  • RobertoMoir
    RobertoMoir Posts: 3,458 Forumite
    Part of the Furniture Combo Breaker
    mdes wrote: »
    a company called maddison financal in east sussex has told me that my loan application has been guaranteed and to get the loan i have to pay a fee of 69 pounds

    they say that this will be refunded when i sign the agreement and post back to them.

    anybody heard of them and is this right??

    help??

    Heard of them? No.
    Heard of countless other schemes reported here that work exactly the same way and end in tears, money paid out and no loan appearing. Yes.

    Up to you, but if you flush the money down the toilet it will have the same effect and save you the price of the stamp writing back to them in my opinion.
    If you don't stand for something, you'll fall for anything
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.7K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 452.9K Spending & Discounts
  • 242.6K Work, Benefits & Business
  • 619.4K Mortgages, Homes & Bills
  • 176.3K Life & Family
  • 255.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.