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Scam loan company
stevedamien
Posts: 4 Newbie
city financial UK... Yes loans....unsecured loans.......Flm........get a loan fast these are all scam do not give details do not give money i was the sad one who did to two of these companys ...
Avoid loan companies offering guaranteed personal loans and those that say you've been pre-approved for a loan – legitimate lenders base their decision on whether you'll be able to repay your loan. Always take care with companies that claim to offer low cost loans to those who can't get credit elsewhere.
Legitimate loan companies don't request money upfront, so if you're asked for an upfront processing, application, repayment or insurance fee, you can be sure it’s a loan scam.
Once you respond to a loan scam, some scammers ask for further payments – giving a range of excuses from the first fee not arriving to admin charges for releasing the loan cash.
You should also be concerned if the loan application involves ‘wiring’ or sending money as soon as possible by Western Union, Moneygram, or similar methods.
Fee never returned
One CAB client from Denbighshire, north Wales, applied for a loan of GBP 10,000 and sent off a cheque for almost GBP 50 as the arrangement fee. But after the money had left his account he received a letter turning him down for the loan - and his fee was never returned.
Mr Tutton added: 'These conmen prey on vulnerable individuals and promise them a low-interest loan as an easy solution to their money problems. Unfortunately in most cases there is no loan and this is just a front for scammers looking to make a quick buck.
'The problem is that once people have sent off their money it is very difficult to get it back. We want to see measures to give people a way of putting things right if they get duped into paying for a loan they will never receive.'
Stay away from loan companies and scammers that pressure you for an instant decision. If you're approached by a loan company you've never heard of, look it up on the internet to see if it's a known scammer.
Avoid loan companies offering guaranteed personal loans and those that say you've been pre-approved for a loan – legitimate lenders base their decision on whether you'll be able to repay your loan. Always take care with companies that claim to offer low cost loans to those who can't get credit elsewhere.
Legitimate loan companies don't request money upfront, so if you're asked for an upfront processing, application, repayment or insurance fee, you can be sure it’s a loan scam.
Once you respond to a loan scam, some scammers ask for further payments – giving a range of excuses from the first fee not arriving to admin charges for releasing the loan cash.
You should also be concerned if the loan application involves ‘wiring’ or sending money as soon as possible by Western Union, Moneygram, or similar methods.
Fee never returned
One CAB client from Denbighshire, north Wales, applied for a loan of GBP 10,000 and sent off a cheque for almost GBP 50 as the arrangement fee. But after the money had left his account he received a letter turning him down for the loan - and his fee was never returned.
Mr Tutton added: 'These conmen prey on vulnerable individuals and promise them a low-interest loan as an easy solution to their money problems. Unfortunately in most cases there is no loan and this is just a front for scammers looking to make a quick buck.
'The problem is that once people have sent off their money it is very difficult to get it back. We want to see measures to give people a way of putting things right if they get duped into paying for a loan they will never receive.'
Stay away from loan companies and scammers that pressure you for an instant decision. If you're approached by a loan company you've never heard of, look it up on the internet to see if it's a known scammer.
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Comments
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Errrr thanks for that....0
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Didn't you read any of the thousands of posts on here before telling us the bleeding obvious?I used to think that good grammar is important, but now I know that good wine is importanter.0
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