Anybody have had dealings with FLUENT MONEY?

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maegaz
maegaz Posts: 38 Forumite
in Loans
Hey all,
We are on the process of getting a loan to consolidate all our credit cards. We went on moneysupermarket.com and searched for loans and a company called FLUENT MONEY called us and gave us a very very good deal. They are brokers I think and we do have to pay them money for this service but it's the best offer and we could actually save £800 a month and actually pay all the credit cards. I just want to know if anyone here have had any dealings with them and if this company is actually good. Any insights about them will be much much appreciated.
Thank you so much
«1

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    Combo Breaker First Post
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    obviously you have searched the internet for their details and reviews.
    99% of companies who ask for money in advance are crooks

    before you pay any money to a broker post up an SOA on the debt free wannabe board and see what people can suggest to help you
    format for SOA is here
    http://www.stoozing.com/msoc/soacalc.php
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
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    Dont pay upfront for the promise of a wonderful loan at an amazing rate.

    Its a scam and the loan wont happen, and you will lose what you pay them!!
  • maegaz
    maegaz Posts: 38 Forumite
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    Sorry guys I did not put up that the money we are paying them is not upfront. Fee is paid to them directly by the lender only when the loan is completed.
  • DCFC79
    DCFC79 Posts: 40,598 Forumite
    Name Dropper First Anniversary First Post
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    Still dont go through with it, follow CLAPTONS advice.
  • Tixy
    Tixy Posts: 31,455 Forumite
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    What deal have they offered you? How much? What rate? What term?

    Have you been turned,down by mainstream lenders?
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • BugsyBrowne
    BugsyBrowne Posts: 5,697 Forumite
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    maegaz wrote: »
    Sorry guys I did not put up that the money we are paying them is not upfront. Fee is paid to them directly by the lender only when the loan is completed.

    I hope you haven't give any bank details out whatsoever as your bank account will become a lot lighter very soon.
  • maegaz
    maegaz Posts: 38 Forumite
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    Tixy wrote: »
    What deal have they offered you? How much? What rate? What term?

    Have you been turned,down by mainstream lenders?

    This loan is a SECURED LOAN, £23,000 for 180 months @ 7.9 but can be re-payed early without penalty. We know it is against the house and it is very doable. It just means that we can actually get rid of all our credit cards and not just pay off the minimum payments to only pay the interest and actually save some money in the process.
    BugsyBrowne wrote: »
    I hope you haven't give any bank details out whatsoever as your bank account will become a lot lighter very soon.

    No we have not given them any bank details, the paperwork have been sent out to us to be filled and signed.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    Combo Breaker First Post
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    has you mortgage provider turned you down for an increase in mortgage?
  • Tixy
    Tixy Posts: 31,455 Forumite
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    Did you talk to your own mortgage company about an advance

    Have you ever posted on the debt free wannabe section with a statement of affairs to see if people might be able to help you find a solution without risking your house?
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
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    Never turn unsecured debt into secured debt. Dont put your home at risk!!

    Also 99 out of 100 people who consolidate then re-spend on their credit cards and/or take out further loans making the situation even worse in the long run.

    Best way forward is to cut back to the bone, and make every effort to repay your debt as quickly as possible.
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