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Payday Loan - Mystery Shopping
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paulofessex
Posts: 1,728 Forumite
Had an email this morning from a Mystery Shopping company offering £50 to undertake an assignment by taking a loan via Payday Loans.
Initial thoughts was oh this could be handy, but however on reading further you are required to default on the very first payment by 3-4 days to see how much default fees you would have to pay.
Surely the potential damage to your credit rating would be more than the £50 fee.
At no point does the email explain about the effect or no effect on your credit rating.
Initial thoughts was oh this could be handy, but however on reading further you are required to default on the very first payment by 3-4 days to see how much default fees you would have to pay.
Surely the potential damage to your credit rating would be more than the £50 fee.
At no point does the email explain about the effect or no effect on your credit rating.
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Comments
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I'd get my longest bargepole out and avoid them at all costs.0
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I came on here to specifically warn people NOT to touch this. Having a payday loan on your CR is bad enough, but having a defaulted one is financial suicide. Plus giving these eejits your bank details is asking for serious trouble.
I can't say this loud enough.
DO NOT TOUCH THESE PAYDAY LOAN MYSTERY SHOPS!!!!
Not if you want a mortgage or any other credit in the next 6 years anyway...Earn £10 a day JAN: £92.23 / £310 :j ...............NSD Jan 2/10
14 months to debt free with snowballing (start date Jan 2012) £0/12600........JAN weight loss target 5/60 pounds
I'll make it to the moon if I have to crawl0 -
paulofessex wrote: »Initial thoughts was oh this could be handy, but however on reading further you are required to default on the very first payment by 3-4 days to see how much default fees you would have to pay.
lol.
£50 to wreck your credit rating?
What a joke.0 -
Not to mention messing up your relationship with your bank and receiving mega bank charges too.
I'm fizzing about this and have forwarded the email to the FSA.Earn £10 a day JAN: £92.23 / £310 :j ...............NSD Jan 2/10
14 months to debt free with snowballing (start date Jan 2012) £0/12600........JAN weight loss target 5/60 pounds
I'll make it to the moon if I have to crawl0 -
i had this as well. looks dodgy as hell!!!!!!!0
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I got this one too.
There is absolutely no way I would do that as it will impact on your finances for many years.Here I go again on my own....0 -
Surely this has to be illegal, how can a legit survey company ask you to default on a loan for god sake.
And what possible purpose would it serve> I cant think of any reason for such a survey?0 -
I guess the £50 the mystery shopper gives you is not real and the payment will bounce!
You would be left with a loan of £50 plus fees!0 -
Surely you did not think even for 1 second that this was legit??Thank you all who post.0
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It's a legit company offering the work. I've done other assignments for them and been paid. They were just straightforward enquiries in shops with no comeback.Here I go again on my own....0
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