24/7 MONEY BOX LOANS has anyone used them?

xanthe06

last week i applied for a payday loan and was refused, for the last few days in my inbox ive recieved this email

Dear Megan

Thank you for your recent application with 24/7 Moneybox. We cannot deposit your loan until your application is complete.

To finalise your loan, click the link below and enter your debit card details. It's as easy as that!

taken link out lol


Should you have any further queries in reference to your loan or account status, please feel free to contact our customer service team.

24/7 Moneybox Customer Support
[EMAIL="support@247moneybox.com"]support@247Moneybox.com[/EMAIL]

24/7 Moneybox
145-157 St. John Street
London
EC1V 4PY

www.247Moneybox.com

We make every effort to ensure our communications are relevant and not intrusive. If you feel you have received this in error or wish to stop receiving occasional email messages, please email unsubscribe@247moneybox.com.
Active Securities Ltd, registered in England and Wales, registration number 05671281, 145-157 St. John Street, London EC1V 4PY.



theres no contact number only a email addy , can someone let me know if they are ok to use,


thanks in advance

immoral_angeluk

You were refused a payday loan? Got to say that's a first for me!

CHR15

Of course they are not okay to use.

They, along with many others, simply want your account details to take a fee from.

If you have been rejected by the very worse of all legal lenders, forget any idea of obtaining a loan.

pmduk

looking at their website they appear to be a lender rather than a credit broker.

xanthe06

thanks for the advice guys

the thing is that when i looked through their website they are a part of payday loans,

oh if any one is wanting to go for a loan with wonga and cash converters DONT the interest is so high and its going to take me months to pay them off,

CHR15

xanthe06 wrote: »

oh if any one is wanting to go for a loan with wonga and cash converters DONT the interest is so high and its going to take me months to pay them off,

You're not supposed to take out payday loans for Months.

The idea is to take it out only until Payday (a few days/weeks at most) whereby you are supposed to repay the whole loan off.

This is why the APR looks horrendous as the apr is over a year

Typical 3214% APR

http://www.247moneybox.com/fast_payday_loan_charges.html

It is never supposed to last longer than until your next payday

xanthe06

what i ment was the cash converter loan is going to take me months lol, on a £300 loan they want over £200 on top have to pay back £20 odd a week for 6 months,

i had to extend my wonga loan till next month, paid £8.01 to exstend it

pmduk

The interest on 24/7 money box loans is even higher than wonga.

catflea

xanthe, you are already in with Wonga please, please, please do not get into any other payday lenders. Its a very very very slippery slope and one that I have fallen down. What started off as a quick £100 to see me to the end of the month wound up with nearly 5 grand of additional debt that I couldn't deal with.

Please dont make my mistake, especially considering whats in your signature! If you have to borrow, speak to a credit union to try and get a decent deal and get rid of the payday loans menace!

xanthe06

dont worry hun i wont be taking up their offer, with 3 children and one on the way i cannot afford to do anything till i go back to work after the babys born, i was due back to work in may but i found out i was preg again , im waiting for hubby to finish off his training so he can restart work again,