No "Worries" Loan Advice

Mork90

Hi, just wondering if I could get some advice regarding how genuine No Worries Loans are. I need a loan as soon as next Saturday, and decided to call this company. After giving them my bank details (Literally everything), they said that my loan was approved, and that I would receive it in 48 hours or so. After doing this I decided to check them up on the internet, and found nothing but threads of people complaining about how they're scamming, also, how they're taking more money than the initial £59.00 fee (Which is also strange). I am really desperate right now and the last thing I need is this company taking me for a ride and taking more money which I don't have out of my account. Does anyone actually get their loan money through this company?

I also decided to call my bank to see if any money had come out, but nothing has been yet although there is something waiting to come out but they can't tell me as of yet.

Thanks.

iolanthe07

The general opinion on here is that you should never pay an upfront fee to a broker or lender, and you should certainly never give out your bank details to these people. Many of them will take the fee and then come back with a loanfor a fraction of what you applied for at a usurious interest rate. They will probably need a guarantor too. I suspect that 'no worries loan' will be an irony.

Niksan

Looking here https://forums.moneysavingexpert.com/discussion/2998756 you can probably make your own mind up whether something will happen, these companies seem to all fit into the "you have been successful in a loan application" camp, even if you didn't apply for one. If anything you should be able to get any funds back looking at that link, but obviously won't help with the actual loan should it not surface.