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Has anybody noticed

Has anybody noticed but up to about this time last year, hardly a day went by without someone coming on here saying that some company or other had debited their account with £39.99 or £59.99 after they'd applied for a loan with some loan broker or other?

I can't remember now when the last time I heard such a thing happening. So what's happened?

Has the work of the FCA and the banks succeeded in shutting down these fraudsters?
"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

Comments

  • snorebits
    snorebits Posts: 18 Forumite
    I would imagine there has been a clampdown, that could be the only reason to explain it.
  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    Maybe people are just becoming more canny.
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • iolanthe07 wrote: »
    Maybe people are just becoming more canny.

    We can always hope! :rotfl:
    "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
  • robber2
    robber2 Posts: 559 Forumite
    Part of the Furniture 500 Posts Name Dropper
    We can always hope! :rotfl:

    Dont think so, they have all just switched to posting requests on how to improve their credit 'score':)

    Rob
  • Clive_Woody
    Clive_Woody Posts: 5,966 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Has anybody noticed but up to about this time last year, hardly a day went by without someone coming on here saying that some company or other had debited their account with £39.99 or £59.99 after they'd applied for a loan with some loan broker or other?

    I can't remember now when the last time I heard such a thing happening. So what's happened?

    Has the work of the FCA and the banks succeeded in shutting down these fraudsters?
    They now post rants about not getting the "advertised APR" when they applied for a loan....despite having previously only missed a few payments and having £35,000 of credit card debt and a couple of failed businesses.
    "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
  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 7 March 2017 at 7:44PM
    I have noticed there has been an increase in that too Clive.

    Not loan related but I have noticed a number of threads where the OP cancels a direct debit believing it cancels the contract and then realises the aftermath of what they did when applying for a loan.

    I thought paying money to some shyster website to find a loan was madness but cancelling a direct debit in the belief it cancels the contract is just lunacy.
  • Clive_Woody
    Clive_Woody Posts: 5,966 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    DCFC79 wrote: »
    I have noticed there has been an increase in that too Clive.

    Not loan related but I have noticed a number of threads where the OP cancels a direct debit believing it cancels the contract and then realises the aftermath of what they did when applying for a loan.

    I thought paying money to some shyster website to find a loan was madness but cancelling a direct debit in the belief it cancels the contract is just lunacy.
    But they probably still have an Experian score of 999 so it's can't be that big a deal defaulting on a loan......can it????
    "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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