Peachy Loans - AVOID Lender Tries To Trick You Into More Debt

Ven-U

I recently applied for a £50 loan from Peachy Loans online.
After a long wait I was told they had found an alternative provider (quick quid) and I was diverted to a page where my loan amount had mysteriously been increased to £350 and with one click I would be signed up & locked in.
Im pretty disgusted at this tactic! I would advise everyone to avoid Peachy at all costs they are underhand.

CHR15

Why not avoid loans altogether?

Our do you think borrowing a paltry 50 pounds at a huge interest rate is in some way acceptable?

[Deleted User]

Same happened to me, I got declined by these to for £50 and £6 interest for 15 days and told by one of the many brokers who have since hurranged me that it's partly because this lender is deemed a broker themselves...

Same happened when pulled through to application I noticed asked for amount was then increased although wouldn't have stopped the decline, anyway I gave up experimenting quite quickly and went back to an old faithful but direct lender, getting a more varible repayment when there are 4 times someone may need to borrow, there is not always a bank for everyone though no doubt them with constant overdrafts are better thought of I bet, after all you repay one of these loans the only good thing is you may be helped next time...

financial_ombudsman_representative

Ven-U wrote: »

I recently applied for a £50 loan from Peachy Loans online.
After a long wait I was told they had found an alternative provider (quick quid) and I was diverted to a page where my loan amount had mysteriously been increased to £350 and with one click I would be signed up & locked in.
Im pretty disgusted at this tactic! I would advise everyone to avoid Peachy at all costs they are underhand.

Hi Ven-U


This sounds quite concerning. We’d need to hear a bit more from you first but should be able to help.

If you’d like to get in touch with us, we can try and get some answers for you.

You can email us at [EMAIL="paydayhelp@financial-ombudsman.org.uk"][/EMAIL][EMAIL="paydayhelp@financial-ombudsman.org.ukor"]paydayhelp@financial-ombudsman.org.uk[/EMAIL][EMAIL="paydayhelp@financial-ombudsman.org.uk"]or[/EMAIL] call us on 0300 123 9 123.

Thanks
Sarah




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