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Loan providers poor credit no gurantor

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Comments

  • glennstar
    glennstar Posts: 282 Forumite
    Fifth Anniversary 100 Posts
    Feefifo wrote: »
    Some broker advised they could without a guarantor called little loans. I pay £25 from my debit card which is refunded with the loan from my debit card. However I've read these sorts of things are scammers making money from you.

    It is illegal in the UK to charge an arrangement fee for a Simple Product. If the loan is contingent on a payment from you then it's a scam and a breach of FCA regulations.

    As an aside, when you say, little loans, what exactly do you mean? If it's this website then avoid like the plague.
    The views expressed here are my own. I am not a Solicitor nor am I affiliated with any of the parties I mention. If you disagree with any of my comments please say in whatever way feels most natural to you. No one self improves in a bubble!
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Feefifo wrote: »
    Thanks everyone for your sane advice. Such a stupid idea to think like that. January is a stressful time of year I guess for everyone. I'm not a massive spender and I am usually very cautious with money. I just wanted to try and clear my feet so to speak. I will look on the debt forums etc. Thanks again.


    Nothing wrong with the idea, there's other ways of doing it and the £600 loan isn't 1 of them.


    I could see you back here in 3 months time asking for help with the loan.
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