We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
loan admin fee
hi i am a disharged bankrupt being disharges in aug 2009, my husband an i are in need of a new car as we have just had another baby and need a bigger 1. because of bankruptcy we are finding it hard to get a loan or car finance, all the ones that are accepting us want a 69.95 fee to get the loan?? What do i do i dont want to part with money if i dont end up getting the loan. thanksc emily
0
Comments
-
You are now going to be taught a harsh lesson from the loan industry..They will laugh in your face via the apr for not paying them last time..forget it unless you want to pay mental apr rates....you could save up..It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
hi i am a disharged bankrupt being disharges in aug 2009, my husband an i are in need of a new car as we have just had another baby and need a bigger 1. because of bankruptcy we are finding it hard to get a loan or car finance, all the ones that are accepting us want a 69.95 fee to get the loan?? What do i do i dont want to part with money if i dont end up getting the loan. thanksc emily
You're wise to be cautious. These companies are not lenders; they are loan brokers. Basically, they will take your money and pass your details on to lenders and debt management companies you could find yourself via Google.0 -
Get something a bit older for cash down.
It is possible to get a decent car for under 1k if you look around and truth told you can get a lot for under £500.
Give up on the idea of a loan and find a second hand car you can afford..There is a race of men that don't fit in; A race that can't stand still;
So they break the hearts of kith and kin, and roam the world at will.
Robert Service0 -
The companies you have spoken to and who have asked for a fee up-front are NOT lenders, they are BROKERS. They will take your fee and then pass you on to a multitude of sub-prime lenders that will harass you to the end of your days by phone, text and email.
Don't believe anyone who says they can get you a loan if you pay an up-front fee. ITS A SCAM. You'll simply be left 69.95 worse off, and then having to chase your money through an impossible reclaims procedure. Scour this board to find many examples of this.
If it sounds to good to be true........Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
i havent given any bank details out at all!0
-
good......below is just my signiture and is in every post...:)i haven't given any bank details out at all!It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 348.6K Banking & Borrowing
- 252.2K Reduce Debt & Boost Income
- 452.5K Spending & Discounts
- 241.3K Work, Benefits & Business
- 617.8K Mortgages, Homes & Bills
- 175.8K Life & Family
- 254.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards