Bad Credit Loans

bryanbukowski

Chrisblue1962 wrote: »

My partner has been stung by FLM Quick by being a Gaurantor for a loan for somebody who is now very much an ex friend. The so-called friend lied about having a job on the application and to us, then made only one payment in a year and now refuses point-blank to pay any more :mad:

We are probably going to take her to court and will take great pleasure in sending the baillifs in when she defaults on the CCJ...

FLM Quick aren't interested and have refused to accept the fact that the applicant committed fraud....

I always find these kinds of comments fascinating. In one breath you say that you have been stung by this company, in the next you say that your partners ex-friend is to blame because they did one and didn't want to pay it back...How is that the lenders fault? Imagine how many people go back to the people they borrowed money from, or stood as a guarantor for someone and told them about their 'Special circumstances'? What do you want them to do, say "Oooh, they're not a good friend, that sucks, we'll let you off"? That is the whole concept of a guarantor loan, you cover it if they fuc* off, that's their security because the person is an extra risk. There is a huge element of trust you have to have the person, and if there's any doubt, DONT STAND AS GUARANTOR. It sucks that this person lied to your partner about being employeed, but again, that's not the lenders fault.

Anyone taking these options, in my opinion, are barmy, but what I cannot stand is this blame culture that has developed on this site, "These companies are bastar*s, they want their money back!!!!" There is so much to blame and complain about these companies, like APR, collection tactics, but I'm sorry, asking you to stick to your agreement is not one of them. Stand up and take ownership for your actions people.

RANT OVER.

MichaelCR

Chrisblue1962 wrote: »

My partner has been stung by FLM Quick by being a Gaurantor for a loan for somebody who is now very much an ex friend. The so-called friend lied about having a job on the application and to us, then made only one payment in a year and now refuses point-blank to pay any more :mad:

We are probably going to take her to court and will take great pleasure in sending the baillifs in when she defaults on the CCJ...

FLM Quick aren't interested and have refused to accept the fact that the applicant committed fraud....

They haven't been strung at all, If you're going to guarantor a loan for someone, Then thats your fault when the person stops paying and the lender comes after you, Never guarantor anyone, Just think to your self, why can't they get there own loan ? Because they have an inability to pay off debt.

Don't blame FLM, They're just trying to recover money thats legally there's, It should of been your partners responsibility to make sure what was submitted on the application was the truth, Not FLM's.

Apples2

The sole reason a guarantor was required, is because FLM knew the applicant was going to do a moonlight flit with the wonga.

Why on Earth would you think every mainstreet lender turned their back on this applicant?

Acting as guarantor is simply lunacy, but too late for wise words now.

Good luck in Court but my guess is you will end up paying even more money in Legal fees than you will ever get back from the toe rag.

Chrisblue1962

Our gripe with FLM Quick is that they have flatly refused help us or co-operate in any way because the applicant lied on her application by saying she was employed when she wasn't and so committed fraud...

Please don't insult my intelligence by suggesting that I don't accept the fact that loans have to be repaid because I know that they do...we just want the person who applied for the loan and got the money to pay it back...its called being honest by the way...

Apples2

Chrisblue1962 wrote: »

Please don't insult my intelligence by suggesting that I don't accept the fact that loans have to be repaid because I know that they do...we just want the person who applied for the loan and got the money to pay it back...its called being honest by the way...

We're not trying to sound disparaging toward you but the situation would have been the same either way (even if they hadn't lied).

FLM KNEW this guy wasn't going to repay the loan, as did every other money lender in the Country.
This is the sole reason a guarantor was required.

FLM protected their interest by ensuring the repayments would continue without any hassle. There is no reason for FLM to start any kind of investigation or assigning resources to sympathise with you.

You won't find a single post on here recommending a guarantor loan, not for the applicant who needs one, and certainly not for someone in your position being asked to become one.

Your biggest beef is with yourself for agreeing to this kind of madness in the first place. This loan was always going to be repaid by you, if you got more than three or four payments against the loan by the borrower, you are doing better than most who agree to become guarantor.

Even if you take this chump to Court, he will most likely come up with some rubbish regarding affordability. You will end up being repaid at about £1 a Month which will stop ofter a couple of payments.

Good luck with whatever you do. I can say for certain, if you had come on here and posted before agreeing to become a guarantor, you would have a bag load of replies advising against it.

ILW

Chrisblue1962 wrote: »

Our gripe with FLM Quick is that they have flatly refused help us or co-operate in any way because the applicant lied on her application by saying she was employed when she wasn't and so committed fraud...

Please don't insult my intelligence by suggesting that I don't accept the fact that loans have to be repaid because I know that they do...we just want the person who applied for the loan and got the money to pay it back...its called being honest by the way...

I what way would you expect FLM to help?

CHR15

Chrisblue1962 wrote: »

...we just want the person who applied for the loan and got the money to pay it back...its called being honest by the way...

If it were that simple they would never have required a guarantor.

Take in on the chin, this was a silly mistake on your part and this loan now belongs to you (in actual fact it always did belong to you, it went on your credit file from the outset).

Aim your anger at the person who took you for a mug, not FLM nor MSE posters.