is it a real company?

rastafarian_banana

Im desperate to get a loan so that I only have one monthly payment to deal with but I have really bad credit history and Im in reciept of benefits I have the finances to pay back the loan and am much better at dealing with financial situations now however I made some loan enquiries and was being plagued with answers from a company who turned out to be a scam what I need to know is how do you know which are genuine I have a good offer from the one stop loan shop but I need to know they are a genuine company can you help thanks.

Tixy

They are brokers. I wouldn't go near them.

If you are on benefits then no decent lenders are going to offer you a consolidation loan. You would be better placed to get some advice from one of the debt help charities on dealing with your existing debts as they stand rather than dealing with these types of companies.

CHR15

If they call you... it's a scam.

Seriously, nobody will ring you with a genuine offer

ILW

If they ask for your bank details, it is a con.

BugsyBrowne

rastafarian_banana wrote: »

Im desperate to get a loan so that I only have one monthly payment to deal with but I have really bad credit history and Im in reciept of benefits I have the finances to pay back the loan and am much better at dealing with financial situations now however I made some loan enquiries and was being plagued with answers from a company who turned out to be a scam what I need to know is how do you know which are genuine I have a good offer from the one stop loan shop but I need to know they are a genuine company can you help thanks.

Don't you just wish you would of payed your debts in the first place, then you won't need come on here and saying your desperate for a loan as your credit would of been decent, which by the looks of it you are not going to get with bad credit..

KingElvis

It's a real company alright, real enough to take what few quid you may have and then give you squat in return.

Avoid all brokers as they will basically steal from you.

rastafarian_banana

Thanks guys and before you say u should have paid the other ones then you wouldnt be in that situation u know nothing about why the situation occured think before you assume all people just cant be asked to settle their debts first. I had an accident that has left me unable to work that was not something I forsore occuring other wise I wouldnt have bothered struggling to now be paying off debts that I got from university to get a good career to then end up like this it was not a choice it was life JUST THINK FIRST. BUT THANKS TO THE REST OF YOU

Tixy

rastafarian_banana wrote: »

Thanks guys and before you say u should have paid the other ones then you wouldnt be in that situation u know nothing about why the situation occured think before you assume all people just cant be asked to settle their debts first. I had an accident that has left me unable to work that was not something I forsore occuring other wise I wouldnt have bothered struggling to now be paying off debts that I got from university to get a good career to then end up like this it was not a choice it was life JUST THINK FIRST. BUT THANKS TO THE REST OF YOU

In that case then I would consider seeking advice from one of the debt charities - IMPORTANT - Where to seek professional impartial advice about your debts who may be able to offer advice and support about your situation. For example they may recommend a debt management plan to you, which is sometimes a far better option for people who are desperately trying to consolidate than wasting money on broker fees or signing up to a sharks consolidation loan with horrendous interest rates.