We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

'no worries loans'

Leedash
Leedash Posts: 441 Forumite
Hi I applied online for a £1000 loan through 'no worries loans' I was told this privilege would cost me a fee of £69.99.
Ive had a confirmation letter through stating my earnings,bank details,lain amount etc and a form to send back,(signed).
Can anyone tell me how this company runs good bad expieriences
«1

Comments

  • sounds like brokers,they wont i`m afraid find you a loan,in fact they probably couldnt find a nun in a convant,you will eventually get your 69.99 back less £5,as long as you`r prepared to fight for it
  • Leedash
    Leedash Posts: 441 Forumite
    Yeah someone said they were a broker,so not guaranteed a loan amount,I'm not asking the world just a £1000 ????
  • CHR15
    CHR15 Posts: 5,193 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 22 February 2011 at 12:46AM
    You've been scammed.

    Expect to be plagued by more dodgy loan companies emailing, texting and calling you with your "approved loan" shortly.

    If you ever do receive agenuine loan, expect the APR to be astronomical, also expect to need a guarantor. Also expect everyone on here to dissuade you from entering into any agreement you receive.

    Hindsight is wonderful but research these companies before giving your details out, not after. You may even find more companies taking money out of your account
  • Leedash
    Leedash Posts: 441 Forumite
    I have not paid anything yet !
  • SPANIEL36
    SPANIEL36 Posts: 1,905 Forumite
    word of advice....dont. they will send paperwork etc and will make you get a guarantor to sign (someone who is a homeowner) before looking for a loan for you
  • fozmcfc
    fozmcfc Posts: 3,098 Forumite
    Part of the Furniture Combo Breaker PPI Party Pooper Debt-free and Proud!
    edited 22 February 2011 at 7:50AM
    LEEDASH wrote: »
    I have not paid anything yet !

    Don't be too sure of that, if you have given your bank details, there is an extremely high chance the money will be leaving your account soon.

    If not available, you can expect they will just continue daily until the amount is available.

    If you haven't given you card/bank details yet, I strongly urge you not too, but even if you haven't, as others have said you will probably be bombarded by companies saying your loan is waiting etc...

    Pretty sure if you search for no worry loans on these forums, you will find several people with bad experiences.

    EDIT...here's one such link

    https://forums.moneysavingexpert.com/discussion/2808354

    If money does come out, follow Apples2 advice on the thread above, there post may be too the point, but the advice in the post is very good.
  • KingElvis
    KingElvis Posts: 4,100 Forumite
    You'll get no loan, even if it's on £10 and they'll fleece you blind.....avoid
    "We want the finest wines available to humanity, we want them here, and we want them now!"
  • Leedash
    Leedash Posts: 441 Forumite
    They have taken the cash
  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    LEEDASH wrote: »
    They have taken the cash

    It won't come as a surprise to the regulars here that they have taken the money.

    Sorry buddy,but you've got to fight them now to get the money back.
    Space available for rent
  • Leedash
    Leedash Posts: 441 Forumite
    What kind of action ? I did ring them but very very rude and they said write in and wait up to 30 days
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.