The Subprime Loan thread

usedandabused

there seems to be a sub prime credit card thread, but none for loans, there seems to be many negative threads about certain companies to avoid, why not start a thread about some companies that are slightly fairer and flexible and that people that are sub prime can turn to?


it was only a thought anyway, don't shoot me

PROLIANT

Subprime Loan companies:

Everyday Loans 76.9% APR
Provident 183% APR

That is it now, all of the others have vanished or will only lend to home owners.

sutton111

Alright P, Had your Silver card yet?

usedandabused

wow?

and yet we see a rise and rise of payday loan sharks, something not right, maybe credit unions is the way forward

PROLIANT

sutton111 wrote: »

Alright P, Had your Silver card yet?

Not yet mate, still waiting for the card and will not find out my limit until it arrives in the post.

PROLIANT

usedandabused wrote: »

wow?

and yet we see a rise and rise of payday loan sharks, something not right, maybe credit unions is the way forward

Loan Sharks need locking up, Pay Day loan companies need regulating.

CHALLISAVENUE

PROLIANT wrote: »

Loan Sharks need locking up, Pay Day loan companies need regulating.

lol its never likely to happen, i have great respect for [TEXT DELETED],what a lovely,down to earth bloke he is.

People are just jealous of him making millions from his operations,those who moan about being ripped off by companies such as flm,tenant loans etc,[TEXT DELETED] should open their eyes and perhaps bother to read the terms and conditions before entering into the relevant agreements.

Regards

Kelly

CHALLISAVENUE

usedandabused wrote: »

there seems to be a sub prime credit card thread, but none for loans, there seems to be many negative threads about certain companies to avoid, why not start a thread about some companies that are slightly fairer and flexible and that people that are sub prime can turn to?


it was only a thought anyway, don't shoot me

I recommend FLM Loans,a well respected company in their field

Regards

Kelly

PROLIANT

CHALLISAVENUE wrote: »

lol its never likely to happen, i have great respect for [TEXT DELETED],what a lovely,down to earth bloke he is.

People are just jealous of him making millions from his operations,those who moan about being ripped off by companies such as flm,tenant loans etc,[TEXT DELETED] should open their eyes and perhaps bother to read the terms and conditions before entering into the relevant agreements.

Regards

Kelly

I am certainly not jealous of that toe-rag; his operations are borderline fraud and deception.
All of these companies are "credit brokers" and not lenders; they are affiliated with a couple of remaining subprime lenders who will charge a fee of £60 to broker the loan. FLM lend money to a home owner guarantor, the rest of the operation is a confidence scam.
A potential borrower could obtain a loan from Everyday loans or Provident without using a broker and not paying a fee.

The only business lending (unsecured) to people with poor credit ratings are:

Provident
Everyday Loans

Black Horse have stopped unsecured subprime lending and offer "secured" circa 35% APR loans to home owners.

Real Personal Finance (Provident owned) has dissolved.
Vanquis - credit card (Owned by Provident Group)

Money Way (Secure Trust Bank) have a slack criterion however you need to be a customer of their managed bank account or apply via www. thelendingwizard. com that will conduct a soft search and refer you.

Regards

Pro

CHALLISAVENUE

PROLIANT wrote: »

I am certainly not jealous of that toe-rag; his operations are borderline fraud and deception.
All of these companies are "credit brokers" and not lenders; they are affiliated with a couple of remaining subprime lenders who will charge a fee of £60 to broker the loan. FLM lend money to a home owner guarantor, the rest of the operation is a confidence scam.
A potential borrower could obtain a loan from Everyday loans or Provident without using a broker and not paying a fee.

The only business lending (unsecured) to people with poor credit ratings are:

Provident
Everyday Loans

Black Horse have stopped unsecured subprime lending and offer "secured" circa 35% APR loans to home owners.

Real Personal Finance (Provident owned) has dissolved.
Vanquis - credit card (Owned by Provident Group)

Money Way (Secure Trust Bank) have a slack criterion however you need to be a customer of their managed bank account or apply via www.thelendingwizard.com that will conduct a soft search and refer you.

Regards

Pro

Im well aware of how Richmond Group operates and i might add you will find nothing in any of the companies terms and conditions to indicate borderline deception and fraud as you so kindly put it ;)

Its the clients signing up for our loans that cant be bothered to read the small print then start shouting and screaming about how theyve been ripped off,they really should read the paperwork first.

Regards

Kelly

usedandabused

CHALLISAVENUE wrote: »

I recommend FLM Loans,a well respected company in their field

Regards

Kelly

i have been personally told to avoid them:D