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Loan offer letter
Came home tonight with a generic " The Occupier" envelope through the door. Opened it and it was a loan offer with a form to apply for a loan. It appears it is offered to get people to avoid pay day lenders over Christmas.
All I have to do is fill in the form, with details of my household expenditure, say how much I want and send it back and they will send a prepaid visa card with the loan loaded to it.
Nowhere on the paperwork does it state what the APR on the loan would be, repayment terms etc. absolutely nothing.
I don't need a loan, but have any regs been broken by offering a loan without mentioning even a typical APR, because it all looked dodgy to me.
All I have to do is fill in the form, with details of my household expenditure, say how much I want and send it back and they will send a prepaid visa card with the loan loaded to it.
Nowhere on the paperwork does it state what the APR on the loan would be, repayment terms etc. absolutely nothing.
I don't need a loan, but have any regs been broken by offering a loan without mentioning even a typical APR, because it all looked dodgy to me.
0
Comments
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There will be a loan, but if there's not even representative APR, then no interest (to the best of my knowledge, and I could be wrong) will be payable.💙💛 💔0
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Possibly just to garner interest and when you reply they'll get in touch for the hard sell... Best advice I can offer is to bin it!
MB0 -
Be nice if you said who it is from.0
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