Magic Finance

Cermogs

Hi guys,

Has anyone heard of magic finance? i am desperate for a loan to clear to existing credit cards, they contacted me saying that I had been accepted for a loan, I paid £65 fee, but I am very nervous now that I have been stitched up, since reading reviews on here of other people paying money & not receiving any loan. Any replies would be welcome.

Cheers

Ceri.

Fonz_2

Oh for the love of god make it stop

Cermogs

Fonz have you heard of them or are you just confirming my fears?

CHR15

I think it quite safe to say Magic Loans have made your £65 vanish

LDJ2009

I have looked at practically every poor credit finance company out there in my desperate attempt to clear my payday loans.

Anyone that asks for a fee is very unlikely to be able to offer you a loan. They'll take your money and you won't hear from them again.

The only companies i have dealt with that do not charge a fee are FLM loans (but you need a guarantor) or Real Personal Finance.

Both charge shocking rates of interest

How much are you needing to borrow out of interest ?

Cermogs

Looking to borrow 14k ovr 6 or 7 yrs.

loopy.magic

Would have to agree with everyone here that you're not getting a loan from this company.

Could you expand a little on your exact situation. How many credit cards do you have? what interest rates are they charging? Up to this point what have you attempted to do? (applied for any loans or other credit?)

Enfieldian

Cermogs wrote: »

Hi guys,

Has anyone heard of magic finance? i am desperate for a loan to clear to existing credit cards, they contacted me saying that I had been accepted for a loan, I paid £65 fee, but I am very nervous now that I have been stitched up, since reading reviews on here of other people paying money & not receiving any loan. Any replies would be welcome.

Cheers

Ceri.

Change your user name to CerMUGs please.

Gareth1986

Did they send you through an application pack after you had paid the £65?

Cermogs

I am awaiting the application forms.

ILW

Cermogs wrote: »

Looking to borrow 14k ovr 6 or 7 yrs.

I can think of no situation that will be improved by taking out 14k of sub-prime credit.