ive applied for a loan.ive recieved a letter saying ill get the loan if i send them 30pound?

Question

has anyone done this and recieved the loan?

Answer 1

scam. look further for an honest company.

Answer 2

It is illegal in the UK to pay for a loan. Admin fee's can be taken by the company after they have paid out the loan, but most of them just add them onto the loan so they make 15 years of interest on it.

Answer 3

This is proper Dodge.

No credible financial institution, Bank or Credit agency in the UK will ask you to pay a fee before giving you any type of credit, be this a credit card of personal loan.

Any company asking for money prior to them sending you money is definitely a scam and I would therefore go elsewhere.

All banks, building societies and financial institutions are governed by the FSA regulations and Ombudsman.

DO NOT SEND NO MONEY MATE !

Answer 4

I fell for that one a while a back,i sent the £25 and they then sent me a letter saying i`d need someone to go gaurantuer and the company they had found for me to get the loan from where charging very high interest,dont fall for it.

Answer 5

I think some companies charge for loans as it means that the applicant has a bad credit rating.

Also if the applicant has a bad credit rating, they are usually charged a higher interest rate.

Its up to you what you do there.

Answer 6

DON'T DO IT, IT'S A CON. No creditable loan agency will ask you for money upfront, let's face it, if you can pay them £30 up front, you maybe don't need the loan in the first place !!!!!

Answer 7

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Answer 8

Sounds a bit dodgy to me. I'v never had to send money to get a loan.

Answer 9

ive never had to send money to recieve a loan, be careful

Answer 10

SCAM !! if you had the money why would you need a loan?! they are scamming you don't send them nothing...a legitimate loan company will only ask for collateral not cash...

Answer 11

Seriously don't waste your time and make sure you check your credit report because now they have your information who knows what they could do with it. It is definitely a scam and also you can look it up on the better business bureau website.