Advice needed asap - legit or a con?

smarties84

Cashloanservices . co. uk rang me, i didnt contact them ( apparantly i applied for a credit card a few months ago) - they said i have been accepted for a loan, i asked all the questions..... do i pay any upfront costs, does the apr stay the same for the duration of the loan - i told him i wanted to see the contract before i agreed to nething...

He has sent the contract thru email and it all looks okay until it says..... i need to pay the first monthly installment straight away, before i sign the contract and then the next repayment day will be in Sep 11.....

Does that sound normal or would you be cautious, the chap is ringing back soon - this loan would really help but as you can imagine, i didnt apply for it - he rang me and he wants the first installment before i sign the contract....

Advice would be appreciated x

Tixy

You are considering paying a repayment on a loan that you haven't asked for before you see an agreement or receive the money? Surely your post answers your question? I wouldn't be cautious I'd be running for the hills.

skyvicky123

Please don't do it. It sounds dodgy as hell.

If you didnt apply for it then surely you could manage without it??

You should never pay anything without signing a contract. They could just keep your money and refuse you a loan. Probably the upfront payment will turn out to be some kind of admin / application fee and you will not be guaranteed a loan at all.

Plus they can't have approved you without your permission to perform a credit check.

smarties84

Thanks for the replys, it does sound dodgy as hell now you have said it like that !!!!!!! I think i'll b telling them no..

Apples2

Sounds like the Indian loan scam.

Pay first by Western Union, then another Western Union Transfer for "Taxes", then another for "Release Fees", then another for "immediate transfer" and a whole load more until the penny drops it is a scam.

They rang you out of the blue...... people do this to scam you, not to save you.

smarties84

The man on the phone didnt tell me about the payment upfront - it was in the contract he emailed to me

smarties84

He had my address, name and phone number etc ??? how lol

KingElvis

Please don't give your money away like this.

smarties84

http://www.cashloanservices.co.uk/ this is the website

smarties84

KingElvis wrote: »

Please don't give your money away like this.

thank u, i am going to say no

Apples2

I take a bow....

http://whois.domaintools.com/cashloanservices.co.uk

Domain name:
cashloanservices.co.uk

Registrant:
Bharara Associates

Registrant type:
Unknown

Registrant's address:
Plot No 451/2 Sector 1
Gandhinagar
382007
India