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Loan.co.uk

Hi, has anybody had dealings with loan.co.uk? I was approved for a loan and paid some instalments up front because I have bad credit, then was told they needed more money to pay the transfer fee on the load pay out!!! I have nothing in writing yet, and they took the money via pay point ucash vouchers over phone which didn't seem right! I have the feeling I've been had!!!

Comments

  • You were approved for a loan but you have nothing in writing to confirm this?
  • Hi, has anybody had dealings with loan.co.uk? I was approved for a loan and paid some instalments up front because I have bad credit, then was told they needed more money to pay the transfer fee on the load pay out!!! I have nothing in writing yet, and they took the money via pay point ucash vouchers over phone which didn't seem right! I have the feeling I've been had!!!

    You've have been stitched up mate.
    "You know when it's cold outside when you go outside and it's cold"
  • Think about it. The idea is you're going to them to lend you money, so why would YOU pay THEM instalments? Save yourself any more pain.
    “In any moment of decision the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing at all.” - Roosevelt
  • Apples2
    Apples2 Posts: 6,442 Forumite
    They will keep asking for money, there is no loan.

    You have been scammed.

    Stop paying people money.
  • DCFC79
    DCFC79 Posts: 40,619 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Hi, has anybody had dealings with loan.co.uk? I was approved for a loan and paid some instalments up front because I have bad credit, then was told they needed more money to pay the transfer fee on the load pay out!!! I have nothing in writing yet, and they took the money via pay point ucash vouchers over phone which didn't seem right! I have the feeling I've been had!!!

    I agree with the others stop handing money out, move the rest of your money to a new account. Why were you looking for a loan ?
  • 27col
    27col Posts: 6,554 Forumite
    How can you think that paying instalments up front is a good idea. The idea was to borrow money from them, not to give them money.
    Your feeling that you have been had is entirely correct. It is just a shame that you did not realise this earlier, before you started to subsidise their luxurious life style.
    I can afford anything that I want.
    Just so long as I don't want much.
  • See this other thread that the OP posted in, a bit more info.https://forums.moneysavingexpert.com/discussion/4870187
  • DCFC79
    DCFC79 Posts: 40,619 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    See this other thread that the OP posted in, a bit more info.https://forums.moneysavingexpert.com/discussion/4870187

    Not sure why he quoted the post in that thread.
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