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Credit Plus - Car Loan?

edited 30 November -1 at 1:00AM in Loans
15 replies 27.1K views
Animal-ukAnimal-uk Forumite
3 posts
edited 30 November -1 at 1:00AM in Loans
Hello,

After using the Experian site to source a loan based on my credit score it pointed me to Credit Plus.

I applied for the loan with them and it was accepted. I've been advised some sort of advisor and they will contact me tomorrow.

After reading some reviews of their company it would seem a number of people have been hit with additional fees along the way and also have had to stump up deposits too, none of which were mentioned during the loan application.

Has anyone else had any dealings with this company? I just can't afford to be ripped off so please help!

Thanks, Jason
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Replies

  • Why not just get a normal loan with no hidden secrets?

    This type of credit scheme is in no way for the benefit of us. They are designed for people who cannot afford a car but want one anyway, people who will simply sign anything to get their hands on a car.
  • Thanks for the reply.

    Rightly or wrongly I assumed that Experian would pick out some credible companies to deal with. I've not got a fantastic track record when it ones to credit history but I've managed to obtain a mortgage within last 12 months.
  • The cra''s. Provide valuable information to you, but they are a business who need to make a profit. They aren't your personal advisors acting in your interest.
  • poppasmurf_bewdleypoppasmurf_bewdley Forumite
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    Have you given them your Debit or Credit Card details? If so, some money from your account is already gone. Probably something between £50 and £70.
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
  • No not at all. No bank details or card details have been entered anywhere. Have you had dealings with them before then?
  • poppasmurf_bewdleypoppasmurf_bewdley Forumite
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    Animal-uk wrote: »
    No not at all. No bank details or card details have been entered anywhere. Have you had dealings with them before then?

    No, but a look at their Term and Conditions tells me all I need to know:

    "Creditplus reserve the right to charge an administration fee to cover the cost of sourcing a suitable vehicle or vetting an appropriate dealer, or if the loan does not complete due to false information given on the application form. The administration charge is kept to a minimum to cover costs only. In the event of a cancelled order by the client, or the client changing supplier the administration fee will not be returned by Creditplus."
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
  • TadleyBaggieTadleyBaggie Forumite
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    This quote from their website says it all: "We compare car loans to secure the most competitive deal". They are just a broker, so the only way they are going to make money is by charging a fee.
  • It seems their staff have been putting lies in on Review Centre to boost their ratings... I can't see how their 4/5 rating adds up... if they are a broker, then it's a waste of time... They have been bombarding me with emails... It's surprising that Equifax/MoneySupermarket directed me to these sharks :mad:
    Probably the best Engineer in the World
  • poppasmurf_bewdleypoppasmurf_bewdley Forumite
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    serverking wrote: »
    It's surprising that Equifax/MoneySupermarket directed me to these sharks :mad:

    Some companies will do anything when they are being paid.

    Surely you cannot be surprised that a company that sells worthless credit scores to gullible customers will sell advertising for or recommend companies that offer worthless brokerage services.
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
  • Creditplus maybe a broker but they are a reputable one

    I bought my last car through them, and the finance was ultimately arranged with barclays partner finance, apr 12.9% (good for situation at time)

    No deposit required or fees added
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