i phoned them up and askd to borrow £800 , and they said i had to pay a fee of £49.95 ...........then i should recive the money ...has anyone had problems with them?
2007-10-10 13:29:17 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
They are a ripoff... designed to skim a loan "fee" off of you with no guarantee you'll get the loan you want.. and you will surely not get your "fee" refunded... AVOID LIKE THE PLAGUE...
2007-10-14 12:45:11 · answer #1 · answered by I Can Count To Potato 7 · 0⤊ 0⤋
Yeah .. well there are many con-merchants who will 'send you money' if only you send them some sort of fee first ...
.. amazing how often people fail to ask "why can't you just add the fee to the loan ?"
Some con-merchants are actually almost 'legitimate' == i.e. they will actually organise you a loan via some 3rd party rip-off loan shark at perhaps 50% interest p.a. ... others just take your money and ignore you .. if you persist in contacting them, the might say eg. 'sorry your Credit Rating is too low, you don't qualify', or more likely, 'we have just found you a 4% loan .. all you need to do is send us the £150 arrangement fee' :-) ... if the loan ever turns up, it will turn out to be 4% a month (48% a year). ...
2007-10-11 03:11:13 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋
i have a friend who phoned these people about a loan. they confirmed and gauranteed him the amount he asked for over the phone . told him he would get the amount he asked for so he paid £49.95. Along came the paperwork and yes it was the amount he asked for.Then the next day came more paperwork and they were only offering to minimum amout. He phoned them up but no joy.. and there is no way you can get your £49.95 back.. Suggest you stay away from them
2007-10-13 11:52:31 · answer #3 · answered by Lynn M 1 · 0⤊ 0⤋