We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Smilefinance

roddycam
roddycam Posts: 66 Forumite
I was looking online for loans last week. This morning I found that Smilefinance had taken £26.34 from my bank account. I do not remember having anything to do with them and I am usually good at looking at terms and conditions and I certainly did not intend to agree to a payment, especially when I did not take out a loan.

I spoke to my bank and it seems that Smilefinance (nothing to do with the Cooperative Bank by the way) act as an admin desk for loan brokers.

Their fee may have been hidden on another loan broker's site.

The point is, be careful when looking online for loans, and watch out for Smilefinance.

Comments

  • roddycam
    roddycam Posts: 66 Forumite
    I see from a quick Google search that I am not the only person this has happened to.
  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Wonder how they guessed your bank details?
    Space available for rent
  • gb12345
    gb12345 Posts: 3,055 Forumite
    roddycam wrote: »
    The point is, be careful when looking online for loans, and watch out for Smilefinance.

    The real point is don't randomly enter your card details on websites unless you want them to take money from your account.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.8K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.