Homeowner & Tenant loans LTD -Legit?

kateuk20

Hiya,
Ive applied for a number of loans but was declined on all of them, however, this evening i got a phone call from a company called homeowner and tenant loans ltd, whom i cant find any information on over the internet.

They have agreed to loan me £7000 over 60 months, paying off £163 a month, but say there is a £49.50 one off administraion fee.

Has anyone heard of this company or do they sound dodgy??

Thanks

Kate

CLAPTON

they will be a broker and they will take your 49.50 and then will be either unable to find you a loan at all or it will be rediculously expensive.

save up and then spend .

dannynixon

They sound very similar to Walker and Hammond. W&H claim to be a broker and take about 50 quid and do nothing for your money. Companies like this often (if they do actually get a loan from a lender) get you a loan which is not the required length, or not the stated amount or even the stated APR. I would be very wary.

Check out the Walker and Hammond threads. Loads of people have lost their £50 and this seems to sound very familiar.

In saying that, I may be barking up the wrong tree.

Tassotti

SCAM!!!

I own a loan company and never charge an' administration fee'

If you canot get a loan on your own, then these rip-off companies will not get you a loan either...Do not pay it...throwing your money away.

Tass

PROLIANT

I have just applied for a loan for £2000 via YES loans and they took £59 off my credit card today for an admin fee, they said that I have been approved for the money and they told me about how much per month I will be paying, has anybody dealt with YES loans before?

Tassotti

Say goodbye to the £59.

Yes Loans used to be Yes Car Credit, and had to dissolve the company for malpractice..They just started up under another name. Not too dissimilar from the original.

kateuk20

Had a letter off them this morning, saying i have been accepted in principle,
what does this mean? is this a sure sign its a scam?

thanks

dannynixon

kateuk20 wrote: »

Had a letter off them this morning, saying i have been accepted in principle,
what does this mean? is this a sure sign its a scam?

thanks

Not a sure sign. I applied for a loan over the Internet with Halifax and they sent me an e-mail saying that I had been accepted in pronciple. I think this is simply an indication from the bank before they send the information to the underwriters

chriskil

http://hatloans.com/

Hope this helps.

spikescot2005

Do not pay any fee for a loan unless you never want to see that fee again. It has taken me 5 months to reclaim my money back from yes loans.

tealady

spam reported