i have been looking for a loan for £2000 , i have a poor credit rating yes loans said thay accepted me but thay want £50 up front to prosess the papers should i pay it?
2007-03-21 13:10:06 · 12 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
i wouldn't.....if you need money you can hardly afford to hand over 50 quid, it sounds dodgy to me!
2007-03-21 13:13:04 · answer #1 · answered by Anonymous · 1⤊ 0⤋
depends on why you want the loan. seeing as you have a poor credit rating i would deduce that you are not very good with money and on that basis, getting more debt is definately not a good idea unless of course you couldn't give a **** whether youre in debt or not. loan companies selling loans to people like yourself charge you a bloody fortune in interest so if your absolutely sure you want a loan make the loan broker work for his money and get you the best deal you can afford over as shorter time as possible. its my experience that loans are a good way of making you miserable and skint for most of the years your paying it back. why not remorgage instead if you own your own home and release some equity. my honest advice would be to seriously evaluate if you REALLY NEED the thing you want to buy in the first place(you probably dont)
2007-03-21 13:22:31 · answer #2 · answered by j_clarke2 2 · 0⤊ 0⤋
I've been a loan processor for 4 years, and I've never heard of a broker fee being paid up front. Those fees come out of the closing. Look somewhere else!
2007-03-21 13:15:05 · answer #3 · answered by Shepherd 5 · 1⤊ 0⤋
Yes, very. Yes loans would approve anyone, but that is just for them to provide the search. Any reputable loan broker would take commission from the lender not the borrower.
2007-03-21 13:13:30 · answer #4 · answered by Anonymous · 0⤊ 0⤋
loan brokers are actually not a con! the reason to bypass to a loan broking provider is because of the fact the financial organization says no!!!! they produce different lenders besides the banks that approve loans and take greater advantageous hazards on people who've had adverse credit and overdue money interior the previous! in simple terms examine the greater useful enterprise Bureau till now you sign in with one to confirm in the event that they seem to be a legitamate enterprise. stable good fortune to you.
2016-12-19 11:03:18 · answer #5 · answered by ? 3 · 0⤊ 0⤋
No, don't do it! They sound a dodgy company, whyever would someone in need of a loan put money up front? Go along to Citizens Advice Bureau and they will be able to help you with ideas on how to get your loan. Good luck.
2007-03-21 13:21:51 · answer #6 · answered by squark 2 · 0⤊ 0⤋
yes you would you all ready have a poor credit rating these are your words so stop right there.and think . cant you do over time or an evening job there must be something you can do to earn that money without turning to a broker
2007-03-21 13:47:04 · answer #7 · answered by H S 1 · 0⤊ 0⤋
No Don,t do it becareful it could be a scam to get money out of you then they run with your money in thier pocket my best to you good luck
2007-03-21 20:33:57 · answer #8 · answered by pattibcacl 6 · 0⤊ 0⤋
no there is no guarantee they will get you a loan you are paying them to try different companies on your behalf that's all
2007-03-21 13:15:36 · answer #9 · answered by angie 5 · 1⤊ 0⤋
no of course not. they are theiving sharks. you should not get a loan from these people they will cause you to fall even deeper into dept.
2007-03-21 13:13:06 · answer #10 · answered by Lisa 2 · 1⤊ 0⤋