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FLM Quick?

Pyronaut
Pyronaut Posts: 24 Forumite
Any good, herd of FLM loans but they always require a guarantor, so never really gave them a second thought. but by the looks of things this is more like a payday site but with lower interest rates.

Anyone any experience with them, good/bad

Comments

  • Just had a look at their website - still require a guarantor. A guarantor for a payday loan! Whatever next?
  • Pyronaut
    Pyronaut Posts: 24 Forumite
    Cheers dude, alawsys the same with these guys you want a lone have your friend put there house on the line for you and your all set. Shouldnt be like this really if i had a guarantor i wouldnt be looking would i, never mind, stick to my Guns and just save money.
    Well till the Gas and Elecy company take it off my in winter
  • Xbigman
    Xbigman Posts: 3,917 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Do not touch FLM loans. They charge over 50% APR and are definately a sub prime lender of last resort. If you need to go to lenders like this you should take that as a very big hint you need to sort out your finances ASAP.

    Note. This company, whilst having many faults, are not scammers. They do give loans and if you pay the money back they are ok (if 50% apr can be ok). Its if you default it turns nasty, and its the guarantors who pay, and pay, and pay...
    Like I said, do not touch.



    X
    Xbigman's guide to a happy life.

    Eat properly
    Sleep properly
    Save some money
  • RichGold
    RichGold Posts: 1,244 Forumite
    1,000 Posts Combo Breaker
    Its only last week since you were asking about payday loans and log book loans, now its FLM.

    This is a very slippery slope, if you're not careful you'll end up in a lot of trouble.
    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 ForumTeam
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