2007-03-06 03:19:47 · 3 answers · asked by chefjohnny75 1 in Business & Finance ➔ Credit
They say on their website, we say yes when the bank says no.
This means that they take risks the bank wont. This means higher rates of interest than a bank.
Not a scam, just be prepared for an expensive loan.
2007-03-06 09:16:02 · answer #1 · answered by John S 4 · 1⤊ 0⤋
Just looked on the web and they do look to be a valid company. see link below:-
http://www.blackheathloans.com/go/en/faq.html
I had a quick read on there and it says that in all cases a guarantor will be required (someone who has good finance history). So in answer to your question they are appear to be a valid company although the reality seems to be that you need someone to guarantee your application should you default on payments.
I would suggest that if you have poor credit maybe try Welcome Finance or if you don't try the normal places such as banks etc first.
Hope this helps x
2007-03-06 07:33:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
They are legit aright! But they charge a very high annual percentage rate 42%. If I were you I would try using a financial advisor to locate a suitable loan for you.
2007-03-07 08:08:26 · answer #3 · answered by mrhoppy22 3 · 0⤊ 0⤋