cashfinders and morefinancial

shonie

Please advise me re. above lending companies. I accessed both to apply for a loan and both have charged me set up fees which they debited from my account without my consent! obviously it was unwise of me to give bank details but im moving home and was eager to get financial help. Instead I am £138 down:mad:

malkyh

What is said in their T&Cs? You will probably find that they take a fee to search for a loan for you.

DCFC79

Was it in the T&C's that a fee would be involved.

malkyh

DCFC79 wrote: »

Was it in the T&C's that a fee would be involved.

I can predict the next reply......

DCFC79

malkyh wrote: »

I can predict the next reply......

I bet it will be No it wasnt in the T&C's

malkyh

More along the lines of 'T&Cs?'

malkyh

Well after a quick check of more financial, it clearly states in their terms and conditions that they are a broker who do not provide or guarantee loans. Admin fee of almost £70 quid payable.

OP, what you have done is contact two companies who offer to search for a loan for you. For this privilege, they have charged you their brokerage fee for doing so.

shonie

Thanks for all replies-silly girl! however I still wish to contact companies but unable to do so?? Also should I change my bank details?

Apples2

What are you trying to contact them for?
Do you have more money to give them?

pauletruth

as you have not accepted a loan that they have found for you write to both of them cancelling your agreement you should get most of your money back less £5. read there t&c there will be a time cut off. sio don't hang around. yes get a new card just in case.

malkyh

shonie wrote: »

Thanks for all replies-silly girl! however I still wish to contact companies but unable to do so?? Also should I change my bank details?

In all honesty you really need to rethink this. My guess is if you need to contact these companies in the first place you are already setting yourself up for major financial problems.