Priority Money Club\TMA Loans scam

Priority Money Club are set up for the purpose of taking £69 off unsuspecting loanseekers with a promise of a loan that never materialises.

When you submit an application it asks for you to authorise it to take £1 to validate your card details, in reality they take £69 not £1. To get the £68 back is very hard and time consuming, may take up to six months.

From what I can make out Priority Money Club started up in March 2012, the same time YES loans was stripped of its credit licence for the exact same bad practices being performed by PMC\TMA Loans. It could be coincidence but appears to me that YES loans came back straight away under another name and continued where they left off, this makes a mockery of how credit licences are issued as how can a company be passed as fit to operate when they are doing so in exactly the same way as a company just stripped of their licence?

Whatever you do, please do not submit an application through Priority Money Club the only thing that will happen is you will be £69 worse off and still not have a loan!
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Comments

  • Apples2
    Apples2 Posts: 6,442 Forumite
    Have you learned not to randomly hand out direct access into your bank account to any colourful website yet??

    Why didn't you go to your bank for a loan in the first place?
  • I am posting to bring peoples attention to some dodgy websites I have come across whilst searching for a bad credit loan. I could have just kept it all to myself but wanted to share it to try and prevent others being caught out in the same way I have!

    When you are desperately seeking a loan and have been turned down by all the major lenders due to poor credit rating is is very easy to be drawn in by unscrupulous lending websites that promise the world and deliver nothing.
  • Apples2
    Apples2 Posts: 6,442 Forumite
    As you are testament, people don't look for warnings first, they pay first and read the warnings afterwards.

    Even those who are prepared to search and ask questions first generally ignore the warnings anyway believing it won't happen to them.

    How did you end up looking for bad credit loans anyway? I hope it wasn't due to not repaying debts
  • I have to say that Apples2 is one of the most experienced and knowledgeable posters on this board, and consistently gives out sound advise.

    You on the other hand havnt contributed jack to this board, so I cant comment on your value to this board, other than an OT and unhelpful post.

    I get the feeling you wont have much to offer though :)

    You forgot to add constantly belittles people to your reply.
  • Elibrown wrote: »
    You forgot to add constantly belittles people to your reply.

    That would be one of your traits, not Apples!!
  • Priority Money Club are set up for the purpose of taking £69 off unsuspecting loanseekers with a promise of a loan that never materialises.

    When you submit an application it asks for you to authorise it to take £1 to validate your card details, in reality they take £69 not £1. To get the £68 back is very hard and time consuming, may take up to six months.

    From what I can make out Priority Money Club started up in March 2012, the same time YES loans was stripped of its credit licence for the exact same bad practices being performed by PMC\TMA Loans. It could be coincidence but appears to me that YES loans came back straight away under another name and continued where they left off, this makes a mockery of how credit licences are issued as how can a company be passed as fit to operate when they are doing so in exactly the same way as a company just stripped of their licence?

    Whatever you do, please do not submit an application through Priority Money Club the only thing that will happen is you will be £69 worse off and still not have a loan!

    Have you written to get your £69 back? If so, have to received it? If you haven't done so, why not?
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
  • Seems to me that people who are in need of advice because they have got themselves into an unfortunate situation with debt, get their noses rubbed in it here. Hope you guys are proud of yourselves. As for my post being ironic, I like to call a spade a spade, and I'd have no hesitation at saying it to the man/woman's face. It's easy to hide behind a keyboard.
  • Apples2
    Apples2 Posts: 6,442 Forumite
    Elibrown wrote: »
    It's easy to hide behind a keyboard.

    Isn't that a fact ElIbrown ....?
  • Clive_Woody
    Clive_Woody Posts: 5,909 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Apples2 wrote: »
    Isn't that a fact ElIbrown ....?

    I would need a massive keyboard to hide behind but that's because I am XXL


    Could I suggest a duel at dawn to settle this (Apples gets choice of weapon as his good name has been besmirched).


    :beer:
    "We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein
  • Clive_Woody
    Clive_Woody Posts: 5,909 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Or possibly a Poll to see if anybody actually like Apples or if we should ask the moderators to delete him ;)
    "We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein
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