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paper Work Delivery

Hi Guys and girls,

Just a quick one.

I've applied for a loan, it has been accepted and I've been asked to pay £59 upfront by direct debit for paper work delivery.

Is this normal? Has anyone experienced this?

Comments

  • standupguy
    standupguy Posts: 904 Forumite
    Beware - it sounds like a broker fee

    You could end up losing your money with nothing to show for it.

    Search out the brokers name on this site?
  • Wentworth Finance
  • Juat did some searching and I think I will be telling them where to go if they ring back.

    Don't think I'll ever get a loan :confused:
  • theartfullodger
    theartfullodger Posts: 15,739 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    'sfunny: Companies House has "Wentworth Direct Finance" as "Dormant".
    see
    http://wck2.companieshouse.gov.uk/2e8d16fad3d87053a64ae95b2d49da9f/compdetails
    - could be legit but odd that such a "thriving & buoyant" organisation as Wentworth should be so lacking in business in June 2008 that it decided to file as Dormant..

    Ask 'em about it when you next speak with these fine upstanding gentlemen..

    Cheers!

    Lodger
  • The thing that threw me is alot of people are mentioning fee to search for a loan. However they say They have found one and the fee is to deliver the paperwork.
  • Crackfox wrote: »
    The thing that threw me is alot of people are mentioning fee to search for a loan. However they say They have found one and the fee is to deliver the paperwork.

    we have all heard it before!!!! Beware.
    Vanquis- Limit £1250, balance £0
    Capital One Classic- Limit £800, balance £0
    Natwest Current Account- £800 OD limit, approx £600 OD
    Loan- £3300, will be paid off by Dec 09
    Student Loan- paid off Dec 09 (That's £150 a month extra! Woohoo)
    Empire Catalogue Account- £750 limit, balance £30
  • Dabooka
    Dabooka Posts: 839 Forumite
    Crackfox wrote: »
    The thing that threw me is alot of people are mentioning fee to search for a loan. However they say They have found one and the fee is to deliver the paperwork.

    Run a mile mate! And don't give them a penny.
  • Bob_the_Saver
    Bob_the_Saver Posts: 5,610 Forumite
    Crackfox wrote: »
    The thing that threw me is alot of people are mentioning fee to search for a loan. However they say They have found one and the fee is to deliver the paperwork.

    Must have hired a Rolls Royce to deliver it to you then.

    JUST DON'T DO IT!!!!
  • Don't worry I'm not. Just seems like a good option when you can't get help else where.
  • Crackfox wrote: »
    Don't worry I'm not. Just seems like a good option when you can't get help else where.

    But they don't have any options to help you, they just say they do. I can guarantee the options they offer you are: (you can go to these places direct if you really want to)

    - Welcome finance (might not still be lending though)
    - FLM (£3000 max, avg 50% APR and they need a guarantor)
    - Payday loans (usually £750 max but the money is quick- the APR is very high)

    That's probably about it!!!
    Vanquis- Limit £1250, balance £0
    Capital One Classic- Limit £800, balance £0
    Natwest Current Account- £800 OD limit, approx £600 OD
    Loan- £3300, will be paid off by Dec 09
    Student Loan- paid off Dec 09 (That's £150 a month extra! Woohoo)
    Empire Catalogue Account- £750 limit, balance £30
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