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gr8m8
gone?

Registered: Sep 2004
Posts: 424 - Threads: 52
Location:

A mate, has recently applied for a loan with a company.

He has a blemished record but only just slightly, but he still choose not to disclose that to the lender...but they are not bothered...its one of those whatever your circumstances places.

After 5 minutes, and a few rapid quick fire questions, they have told him he has been approved for a £10k loan. Now he has to send £49.50, to have the money in his bank the following week and have signed the agreement enclosed with the cheque.

Once the agreement arrives, he signed it, written and signed the cheque pops it back in the post.

3 days ago, 4 days after the loan was approved, he gets a third party offering him only £2k. He has tried to contact the loan company through their website and can only get hold of the application department, who will not help him further.

The company (YES LOANS) is a brokerage not a lender as it is advertised. Please don't fall into the same trap, this aint a joke!

Anyways, thought I would share....take care

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Old Post30-03-2007 15:40 PM
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ck
breaking the habits, slowly but surely...

Registered: Nov 2001
Posts: 87851 - Threads: 4871
Location: Filling a gap

Did he bother shopping around for a loan at all or did he just phone someone from an ad in the paper?

The nice thing about being senile is you can hide your own Easter eggs...

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Old Post30-03-2007 15:59 PM
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kr00t0n
Can I get a woot woot?

Registered: Oct 2005
Posts: 20609 - Threads: 538
Location: Docklands, London

Yar, I only get loans from reputable big names.

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Old Post30-03-2007 16:01 PM
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