NEMO personal finance

Joe90 · 14 April 2007 at 5:29PM

Hi Everyone, haven't posted for ages cos just been trying to muddle through but can't go on like this anymore. I'm thinking about taking out a secured loan of 25K @ 8.9% with NEMO personal finance has anyone had any dealings with them good or bad??

jmf293 · 14 April 2007 at 7:47PM

Recently took out a loan with them myself. So far they seem fine. I made sure that I would be allowed to pay back lump sums without penalty, and that the interest would not be 'front loaded' to the loan. Also, DO NOT take out their PPI. If yu need it, take it out seperately.
If you need any other information about PPI, there are plenty of threads on the boards about it.
Hope this helps,
Jo

Joe90 · 15 April 2007 at 11:24AM

Thanks for your reply Jo i think I'll go ahead.

Giggilicious · 16 April 2007 at 6:25PM

Yeah i work within the financial industry and Nemo are one of the better non high street lenders. I wouldnt have a worry but like JMF said, it is always in your best interest to take out PPP externally from the lender (any lender)