Black Horse loan. Is it too good to be true.!!!!!!

crookie2021

Hi everyone,

I was cold called the other day by a chap that said he was from Black Horse Finance. He offered me a deal. Deal offer was. I take up £7000 over years at 5% APR. He was pushy. I wasn't being pushed into anything and he tried telling me the deal was only for tody. To cut a long story short. I told him to email details for my perusal. Oh! he said he was not an agent and was ringing direct from the finance company so there was no handling fee. Details below that he sent me.

Respected customer,


Subject: Loan Approval Letter

Please read the details set out below carefully before signing the deal with Blackhorse Finance .
We are pleased to inform you that your loan application for the loan of £7000 has been successfully accepted with our company. The quotations, information and content provided in the e-mail is not subject to change for the complete term of loan.

Quotations:-
Loan Amount: £7000
Term of the loan: 24 months
Monthly Repayment: £335
Loan Reference No. :
Rate of Interest:
APR: 5.0%

NOTE: Payment starts in SEPTEMBER (second monthly repayment).


Terms & Conditions:-
1 .This is an unsecured loan which our company is offering.
2 .We don't require any guarantor for this loan.
3 .The maximum periods for the completion of the loan is 12 working hours.
4 .There is no redemption charges/penalties for the early repayment of this loan after making 6 monthly repayments on time.
5 .There is no fee/hidden charges involved in this loan.
6 .To complete the loan we charge the first monthly payment in advance. The further payments will come through direct debit on the scheduled date as guided by the customer.
7 .The information shared with our company will not be passed on to anyone as per the regulations of DATA PROTECTION ACT OF UK 1998.
8 .The customers is required to pay the monthly payments on time otherwise the organisation is authorised to take legal actions.
9 .The information provided here is based on our understanding of current financial law.

Destination: UK
Mode of Transaction : 10minutes

NOTE : CUSTOMER HAS TO DEPOSITE THE FIRST MONTHLY REPAYMENT IN ADVANCE.
UKASH VOUCHER OF 335 gbp
LOAN amount £7000 will be transferred into the customers concerned bank account provided by the customer.

In case you have any query regarding the loan you can call us on our helpline no:

Helpline No :

Loans Transfer Department

I workked it out. £7000 at 5% . He told me that I'd pay back £7800 over 24 months comes £325.00 a month. Whay does the extra £10.00 go to.

Another ? is that doesn't 5% sound too good.

I found Black Hourse finance on their 0844 number. They didn't know the reference number and they said that their Regards

Thanks.
Crookie.

malkyh

Yes. It's too good to be true. See this part:

NOTE : CUSTOMER HAS TO DEPOSITE THE FIRST MONTHLY REPAYMENT IN ADVANCE.
UKASH VOUCHER OF 335 gbp
LOAN amount £7000 will be transferred into the customers concerned bank account provided by the customer.


RUN FOR THE HILLS

[Deleted User]

A lender that wants you to pay by UKASH voucher?

A rate of 5%, which is low by anyone's standards?

Terms and conditions with typos and grammatical errors?

Cold calling customers to offer low rate loans?

What do your spidey-senses tell you?

dealer_wins

Its a complete and utter scam.

Clues:

Bad English
Bad grammer
Bad spelling
They dont even know your name
You were cold called

and the biggie

They want the first payment before you get the loan. Wonder why????????

KingElvis

LOL I've a bridge for sale too, and an alien spacship, and a dog that sings ABBA hits.

_Andy_

crookie2021 wrote: »

Hi everyone,

I was cold called the other day by a chap that said he was from Black Horse Finance. He offered me a deal. Deal offer was. I take up £7000 over years at 5% APR. He was pushy. I wasn't being pushed into anything and he tried telling me the deal was only for tody. To cut a long story short. I told him to email details for my perusal. Oh! he said he was not an agent and was ringing direct from the finance company so there was no handling fee. Details below that he sent me.

Respected customer,


Subject: Loan Approval Letter

Please read the details set out below carefully before signing the deal with Blackhorse Finance .
We are pleased to inform you that your loan application for the loan of £7000 has been successfully accepted with our company. The quotations, information and content provided in the e-mail is not subject to change for the complete term of loan.

Quotations:-
Loan Amount: £7000
Term of the loan: 24 months
Monthly Repayment: £335
Loan Reference No. :
Rate of Interest:
APR: 5.0%

NOTE: Payment starts in SEPTEMBER (second monthly repayment).


Terms & Conditions:-
1 .This is an unsecured loan which our company is offering.
2 .We don't require any guarantor for this loan.
3 .The maximum periods for the completion of the loan is 12 working hours.
4 .There is no redemption charges/penalties for the early repayment of this loan after making 6 monthly repayments on time.
5 .There is no fee/hidden charges involved in this loan.
6 .To complete the loan we charge the first monthly payment in advance. The further payments will come through direct debit on the scheduled date as guided by the customer.
7 .The information shared with our company will not be passed on to anyone as per the regulations of DATA PROTECTION ACT OF UK 1998.
8 .The customers is required to pay the monthly payments on time otherwise the organisation is authorised to take legal actions.
9 .The information provided here is based on our understanding of current financial law.

Destination: UK
Mode of Transaction : 10minutes

NOTE : CUSTOMER HAS TO DEPOSITE THE FIRST MONTHLY REPAYMENT IN ADVANCE.
UKASH VOUCHER OF 335 gbp
LOAN amount £7000 will be transferred into the customers concerned bank account provided by the customer.

In case you have any query regarding the loan you can call us on our helpline no:

Helpline No :

Loans Transfer Department

I workked it out. £7000 at 5% . He told me that I'd pay back £7800 over 24 months comes £325.00 a month. Whay does the extra £10.00 go to.

Another ? is that doesn't 5% sound too good.

I found Black Hourse finance on their 0844 number. They didn't know the reference number and they said that their Regards

Thanks.
Crookie.

Do you seriously need to ask??

dealer_wins

KingElvis wrote: »

LOL I've a bridge for sale too, and an alien spacship, and a dog that sings ABBA hits.

Ill take the dog please.

Ive already got a bridge and a spaceship of my mate in Nigeria!

Peelerfart

Does he sing -

"the winalot takes it all"? and "pooperscoopa"

PF

BugsyBrowne

I just wish these people phone me up but I never get calls like this I would wind them up good and proper.

malkyh

Start chucking your phone number onto comparison sites then. Guaranteed a bite from someone.

Apples2

Oh for goodness sake, and people wonder why these scams are all around us.