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24/7 MONEY BOX LOANS has anyone used them?

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24/7 MONEY BOX LOANS has anyone used them?

edited 30 November -1 at 1:00AM in Loans
9 replies 47.9K views
xanthe06xanthe06 Forumite
288 posts
Part of the Furniture Combo Breaker
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edited 30 November -1 at 1:00AM in Loans
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"][email protected][/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 [email protected].
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
Comp wins
£25 worth of costume jewels and a plaq for mothers day
debt £7374:eek::(
loans/goods hp £5000
total £10375 :(:(:(:(:(:(:(

Replies

  • immoral_angelukimmoral_angeluk Forumite
    24.5K posts
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    You were refused a payday loan? Got to say that's a first for me!
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • CHR15CHR15 Forumite
    5.2K posts
    Part of the Furniture Combo Breaker
    ✭✭✭✭
    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.
  • pmdukpmduk Forumite
    10.6K posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
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    looking at their website they appear to be a lender rather than a credit broker.
  • xanthe06xanthe06 Forumite
    288 posts
    Part of the Furniture Combo Breaker
    ✭✭
    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,
    Comp wins
    £25 worth of costume jewels and a plaq for mothers day
    debt £7374:eek::(
    loans/goods hp £5000
    total £10375 :(:(:(:(:(:(:(
  • CHR15CHR15 Forumite
    5.2K posts
    Part of the Furniture Combo Breaker
    ✭✭✭✭
    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
  • xanthe06xanthe06 Forumite
    288 posts
    Part of the Furniture Combo Breaker
    ✭✭
    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
    Comp wins
    £25 worth of costume jewels and a plaq for mothers day
    debt £7374:eek::(
    loans/goods hp £5000
    total £10375 :(:(:(:(:(:(:(
  • pmdukpmduk Forumite
    10.6K posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ✭✭✭✭✭
    The interest on 24/7 money box loans is even higher than wonga.
  • catfleacatflea Forumite
    6.6K posts
    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!
    Proud of who, and what, I am. :female::male:
    :cool:
  • xanthe06xanthe06 Forumite
    288 posts
    Part of the Furniture Combo Breaker
    ✭✭
    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,
    Comp wins
    £25 worth of costume jewels and a plaq for mothers day
    debt £7374:eek::(
    loans/goods hp £5000
    total £10375 :(:(:(:(:(:(:(
This discussion has been closed.

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