up front payments

bon35y

Some advice please, i have applied for a loan and advisor asked me to go to post office tomorrow and get a £150 paypoint voucher then phone them and give them a 19 digit code, they will then pay loan amount into my account, is this a scam ?? very confused :think:

CLAPTON

yes a scam

any up front payment is a scam

Apples2

Well done for asking first but for goodness sake, of course it is a scam.

You should expect a barrage of calls now one of them has your number, all guaranteeing a loan..... All scams

iolanthe07

If you do this they will then come back and say that they need another sum of money for 'insurance' or 'administration'. Any lender (as opposed to a broker - but don't pay them either) who asks for a fee before they release the money is running a scam.

I believe there are one or two genuine exceptions to this, but as a general rule never pay an upfront fee.

DCFC79

bon35y wrote: »

Some advice please, i have applied for a loan and advisor asked me to go to post office tomorrow and get a £150 paypoint voucher then phone them and give them a 19 digit code, they will then pay loan amount into my account, is this a scam ?? very confused :think:

Who did you apply to ?

CKhalvashi

iolanthe07 wrote: »

I believe there are one or two genuine exceptions to this, but as a general rule never pay an upfront fee.

The only general exception is mortgages and business loans.

CK

Clive_Woody

bon35y wrote: »

Some advice please, i have applied for a loan and advisor asked me to go to post office tomorrow and get a £150 paypoint voucher then phone them and give them a 19 digit code, they will then pay loan amount into my account, is this a scam ?? very confused :think:

Walk away, this is a scam. They will never send you money but will keep asking you to send them more and more money until eventually the penny drops and you realise that the money flow is a one way thing.

Never ever provide your bank details over the phone to someone who claims to have a loan approved for you and never send a lender upfront money.

Monkeyballs

No no no no... There was something on the BBC about this same thing recently.

You won't get a loan, you won't get a refund but you will get bombarded with offers of loans and possibly even people offering to contact the original company on your behalf!

Don't do it!

Enfieldian

Sounds totally legit to me...... :wall:

cielschwards

I got same kind of mails and phone calls everyday. They are everywhere :mad: :mad:

pauletruth

please dont do this. why would a proper loans company want a money order just think about it.