www. loan-solutions. co. uk

Apples2

It would indded have been "something stupid"

How it Works

By using our online application area your details will be passed straight to our underwriting team. Your requirements and circumstances will be assessed to help match you with the lender that is most suitable for you.

The site itself is awful, the name alone screams [TEXT DELETED BY FORUM TEAM], the T&C's are only available "on request", the site has been registered to a "UK Individual"

In fact - I can't see a single positive thing about it.

Seanyblu

They are a broker, with 2 teams: applications and customer services. Applications tell you one thing. Customer Services actually tell you what's going on. You are out of pocket £70 and nothing produced.

I applied for a loan on 28/09/2011 for £15,000 debt consolidation, over 7 years, £290 a month repayments with loan solutions . co . uk. At 15.3% APR, I had no problem with any of this if that is what I was getting.

My wages are good (over £25k a year) but as I have changed job, house and bank in the last 6 months, my credit score has plummeted. Due to additional issues, I also have few defaults. I have no CCJs and have never been made, or declared bankrupt.

The loan applied for would have cleared all other debts, I would be able to make the £290 payments without issue, I would have expendable income again. All back to normal. Up until hitting money troubles this year, I was member of Equifax. My credit rating in November 2010 was 947 out of 999. Top 2% of borrowers. I have had good jobs, still have one, and am paid well. Just needed a company that would help out.

Loan Solutions GUARANTEED [TEXT DELETED BY FORUM TEAM], that someone would contact me in 5 working days to confirm direct debit setup and transfer of funds into my account. All I needed to do was pay £70 to process the application that I would get back.

Received application, signed and scanned, e-mailed back within the hour. Received confirmation via e-mail of receipt.

Called several times, once to double check receipt of loan application, and the other to ask what the next steps were. Each time, applications team were articulate, courteous, polite, efficient, kept accurate notes and knew exactly what was happening.

Was told someone would contact me no later than COB 04/10/2011. Today 05/10/2011 I received an e-mail referring me to FLM Loans, whose online loan APPLICATION confirmed they lend no more than £5,000 to first time lenders, and need a guarantor as mandatory.

Applications team then say "No idea what has gone wrong, talk to Customer Services. We can't help you anymore."

Customer Services response: "After final credit check, carried out by FLM, they can only offer you £5,000. This credit check is carried out by them, and Loan Solutions cannot do anything about that. As loan application was processed, and referral made, Loan Solutions service had been carried out, and the fee is non-refundable.”

All supervisors are busy and unable to take call. Customer Services have surly attitudes (having to deal with continuous calls from dissatisfied Customers will do this to you) and that’s it.

If you use Loan Solutions or any other company who charge in advance for a loan, you need to be sectioned for being a danger to yourself, and evaluated for poor health. Please, please, please, learn from others mistakes. See a credit crisis charity or debt management agency that are free and impartial. Lots on this site. I ignored them, and fear I will now pay the price!

Apples2

Seanyblu wrote: »

My credit rating in November 2010 was 947 out of 999. Top 2% of borrowers. !

Shows the true worth of your Credit Score doesn't it?

[TEXT DELETED BY FORUM TEAM] so nothing more to add.
Bad luck fella...research, research, research,...first, first, first....research, first, research, first...research, research, research, first, first, first.:dance:

RichGold

I don't know waht all the fuss is about. I've used Loan Solutions before and had no trouble at all. I called them and within 2 hours someone had called me back saying I had been accepted for a loan in the amount I wanted and that it would be in my bank account the following day. The staff I spoke to were all so helpful and the money was there the following day just like they said. I can completely reccomend them to anyone.




NB. in the interests of clarity and transparency, none of the above actually happened

geoffky

RichGold wrote: »

I don't know waht all the fuss is about. I've used Loan Solutions before and had no trouble at all. I called them and within 2 hours someone had called me back saying I had been accepted for a loan in the amount I wanted and that it would be in my bank account the following day. The staff I spoke to were all so helpful and the money was there the following day just like they said. I can completely reccomend them to anyone.




NB. in the interests of clarity and transparency, none of the above actually happened

Then you woke up in the real world....unlucky...pay another £69 you might get lucky or NOT

SnowTiger

RichGold wrote: »

I don't know waht all the fuss is about. I've used Loan Solutions before and had no trouble at all. I called them and within 2 hours someone had called me back saying I had been accepted for a loan in the amount I wanted and that it would be in my bank account the following day. The staff I spoke to were all so helpful and the money was there the following day just like they said. I can completely reccomend them to anyone.

NB. in the interests of clarity and transparency, none of the above actually happened

And now you're looking for something to spend the money on? I have a selection of magic beans if you're interested. They come with a 100% guarantee. :j

RichGold

SnowTiger wrote: »

And now you're looking for something to spend the money on? I have a selection of magic beans if you're interested. They come with a 100% guarantee. :j

No. I'm undecided at to whether I'm putting the loan towards going to work for a charity in Goa helping to save some species of beetle that no-one has ever heard of, the refurbishing of my 2 websites or the purchase of a brand new shiny SEAT Leon with a technology pack.

chalkie99

Seanyblu wrote: »

I would be able to make the £290 payments without issue,...............

...............Up until hitting money troubles this year,

Can you see the irony here?

Lots of people come on here saying they can easily pay back any loan, if only they could get one only to run into unforeseen problems later.

Seanyblu wrote: »

I was member of Equifax. My credit rating in November 2010 was 947 out of 999. Top 2% of borrowers.

Doesn't really mean anything because Equifax don't lend you the money.

Seanyblu wrote: »

I applied for a loan on 28/09/2011 for £15,000 debt consolidation, ......

......My wages are good (over £25k a year) but as I have changed job, house and bank in the last 6 months, my credit score has plummeted. Due to additional issues, I also have few defaults. I have no CCJs and have never been made, or declared bankrupt.

If it's any consolation, even if you had a perfect credit score you were never going to get a consolidation loan of £15,000 on a wage of £25,000. If it's for consolidation it suggests you already have £15000 of debts and already exceed the generally accepted limit of 50% of income.

vernonmclellan

[TEXT DELETED BY FORUM TEAM] i paied 69.99 promised a loan and i didnt need a gurantor. once i had paied the fee of 69.99 i didnt hear anything else from them i was on the phone everyday and no one helped me they then put me forward to flm lol which u need a gurantor they would not give me my money either [TEXT DELETED BY FORUM TEAM]

DCFC79

vernonmclellan wrote: »

loan [TEXT DELETED BY FORUM TEAM] i paied 69.99 promised a loan and i didnt need a gurantor. once i had paied the fee of 69.99 i didnt hear anything else from them i was on the phone everyday and no one helped me they then put me forward to flm lol which u need a gurantor they would not give me my money either [TEXT DELETED BY FORUM TEAM]
The fact you were asked to pay a fee surely should have rung a few alarm bells