Loan Processing Fee - Smile Finance

mysterygirl1986

Hi all,

So I am having to move house due to disrepair and health problems due to my property. I have tried to get everything fixed. The landlord just will not do anything. I have even tried withholding my rent. I will now be getting legal action over this and have this in progress.

The main thing is that I am moving out 20-25th feb as this is when I get paid but I would like to move out sooner. I have a bad credit rating missed payments on loans and banks and returned dd's which for the past 3 months i've been paying regurly but this does not represent how i've been for the last 6 years


I have been offered a £1250 from smile finance saying 5 lenders have accepeted me. In the past i've been asked to pay a loan processing fee of £79 - £290+ but this time they are asking for just £26. do I pay this and will I definetly get the loan or is it a scam and should avoid? any help be great.

stephane_2

They seems legit to me....the £26 seems to be for their admin fee. Will you get the loan....well that's another matter. It's a risk to take if you can afford to lose £26.

Apples2

They are legit enough to honour the promise of taking your money alright.

You won't be getting a loan though, they are brokers, they will do no more than take money from you.

You won't get a loan anywhere for goodness sake. You only have a week to go before you get paid. Stick it out or get ripped off.... In fact you will be doing both.

It is a scam

mysterygirl1986

Thanks for all your help well accept from apples who was extremley rude.

BugsyBrowne

mysterygirl1986 wrote: »

Thanks for all your help well accept from apples who was extremley rude.

Apples wasn't rude whatsoever they are trying to help you out of a sticky situation where you'll 99% lose that £26 with No sign of a loan ever!!!!

Listen to advice.

DevCoder

How on earth was Apples reply rude?

You won't get a loan from any mainstream lender with your credit history, and even subprime probably wont lend to you.

Don't waste your money on brokers, a loan is not going to happen.

Eonel

Stephane knows better than to even suggest it might be legit.

Apples called it right. A loan broker does nothing more than sell your details on to rip-off loan providers & other loan brokers.

You get nothing for your £26 other than further harassment from other people wanting a fee to find you a loan, or people offering you a small loan @ 4000% interest.

Apples2

mysterygirl1986 wrote: »

Thanks for all your help well accept from apples who was extremley rude.

No wonder you have fallen for it in the past.

Despite your inability to understand, I have saved you £26 (at least).

It doesn't take long reading your old posts for the Nutjob Claxxon to start rattling.... e.g this one where you claim to live on £10 per MONTH for food.

https://forums.moneysavingexpert.com/discussion/2836320

oldhand

Apples gave you very good advice and you would be very foolish indeed to ignore it,your £26 will be gone and even if (and its a very big if) they get you a loan it will be at such extortionate interest you wont be able to afford to take it.

DCFC79

Apples2 wrote: »

They are legit enough to honour the promise of taking your money alright.

You won't be getting a loan though, they are brokers, they will do no more than take money from you.

You won't get a loan anywhere for goodness sake. You only have a week to go before you get paid. Stick it out or get ripped off.... In fact you will be doing both.

It is a scam

mysterygirl1986 wrote: »

Thanks for all your help well accept from apples who was extremley rude.

Please tell me how the reply by apples was rude ?

Im intrigued.

AFK_Matrix

I'm thinking the 3rd sentence maybe hurt her fragile self. If you post on a forum be prepared for all kinds of responses not just the ones you want to hear. Oh and grow a thicker skin.