Amigo / FLM Loans - Guarantors Please be careful!!

FinanceForEveryone

Somerset wrote: »

I don't get the point of the post. Everyone knows guarantor loans can bite you in the bum. Everyone knows payday loans are horrendously expensive. Everyone knows borrowing from loansharks can be hazardous to your health.

Everyone knows .... desperate people use the only avenue's that will lend to them. The bottom-feeder's. Mainstream won't.

If you're wondering why I am so annoyed with this company you've got to consider that in the last month I have received packs through the posts, telephone calls, multiple texts and emails and plus I get the luxury of viewing AL's misleading TV ad.

This company has to realise there is a price to pay for being this aggressive with their marketing and that people have free speech and can express their opinion publicly about a product with aggressive and misleading advertising, and for all the reason's I've expressed, is also exceptionally bad value-for-money, compared with the do-it-yourself approach.

Yes I am filing a complaint about their advertising :mad:

My advice to a close friend or relative would be to avoid the temptation to get in bed with these guys, as a quick fix to your money problems, they’re not your good amigo!

Same advice goes for the wider public. Money saving expert is all about saving money tips and my 10 cents, for this month anyway is AVOID, please do get off your ars* and find a cheaper more ethical alternative! :A

McClane54

How does the guarantor thing work out? Seems like you can stick anyone's name on it, do they ring them up to check etc? do they send them a letter

Just seems you can do everything over the net these days

debtcutter

People don't have to choose 3 years but if want it for longer they pay more for it, same as a mortgage, same as every other type of debt. The longer u borrow, the more u repay.

This all doesnt make sense to me, like others have said, i don't see this is normal behaviour for someone that just received a letter from a company

debtcutter

Agree with ur last point though, if you can find a cheaper alternative take it!

FinanceForEveryone

debtcutter wrote: »

People don't have to choose 3 years but if want it for longer they pay more for it, same as a mortgage, same as every other type of debt. The longer u borrow, the more u repay.

This all doesnt make sense to me, like others have said, i don't see this is normal behaviour for someone that just received a letter from a company

from above:

I have received packs through the posts, telephone calls, multiple texts and emails and plus I get the luxury of viewing AL's misleading TV ad.

This company has to realise there is a price to pay for being this aggressive with their marketing and that people have free speech and can express their opinion publicly about a product with aggressive and misleading advertising, and for all the reason's I've expressed, is also exceptionally bad value-for-money, compared with the do-it-yourself approach.

meer53

I've never received anything at all from this company, it must just be that the OP fits their target market. Maybe a call to their marketing department will solve this problem ?

FinanceForEveryone

meer53 wrote: »

I've never received anything at all from this company, it must just be that the OP fits their target market. Maybe a call to their marketing department will solve this problem ?

Count yourself lucky my friend! Yes they have finally got the message and all text messages, calls, packs and emails have stopped, at least for the present!

My profile must read something like: 'Very Subprime: limited education, stupid, gullible, ignorant and incredibly lazy'. fortunately for me they must have got this wrong, or mistaken me for someone else with the same name like the other guy in this post. It scares me to death the things these guys try and pull off!

meer53

FinanceForEveryone wrote: »

Count yourself lucky my friend! Yes they have finally got the message and all text messages, calls, packs and emails have stopped, at least for the present!

My profile must read something like: 'Very Subprime: limited education, stupid, gullible, ignorant and incredibly lazy'. fortunately for me they must have got this wrong, or mistaken me for someone else with the same name like the other guy in this post. It scares me to death the things these guys try and pull off!

Quite an insult really to those who use these companies responsibly, who are in the majority. The only ones you will hear about are the ones who don't stick to their agreements.

bigadaj

meer53 wrote: »

Quite an insult really to those who use these companies responsibly, who are in the majority. The only ones you will hear about are the ones who don't stick to their agreements.

An oxymoron surely, if you are responsible you wouldn't be involved with this type of firm.

bankscausepain

McClane54 wrote: »

sorry its £1545 repayable, they seem much much better interests rates than wonga and most payday loan companys

Their advertising has clearly worked on you! They suck you in with the headline figures, and then offer to make the repayments smaller by increasing the length of the loan.

This is where they get you, and the interest piles up. Of course, people will be happy to accept the smaller monthly repayments, despite the huge long-term cost added to the debt.